Coinbase Pushes Back on Reports It’s Blocked in Nigeria
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.
Nigeria
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage ‘Surge’
Pan-African exchange Yellow Card has said it will seek licensing in the country.
Bitcoin Surges to All-Time Highs in Turkey and Nigeria
Massive inflation and sliding purchasing power of national fiat currencies has likely boosted demand for bitcoin.
Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog
The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.
Nigeria Approves National Policy to Create ‘Blockchain-Powered’ Economy
The policy announcement makes no mention of crypto, which the government cracked down on in 2021.
Nigeria’s SEC Mulls Allowing Tokenized Equity, Property but Not Crypto: Bloomberg
The regulator is considering applications for digital asset exchanges on a trial basis.