Nigeria’s Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
Binary trading platforms with better performance and payouts
Nigeria
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
Nigeria’s government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country.
Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Pan-African exchange Yellow Card has said it will seek licensing in the country.
Massive inflation and sliding purchasing power of national fiat currencies has likely boosted demand for bitcoin.