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Nigerian Central Bank and SEC Collaborate on Digital Currency Framework


Nigerian Central Bank Governor Olayemi Cardoso announced collaboration with the Securities and Exchange Commission (SEC) of Nigeria to create a sustainable digital currency framework. Collaboration on a Sustainable Digital Currency Framework The Nigerian Central Bank Governor, Olayemi Cardoso,...

Study: Bitcoin Dominates Crypto Purchases in Nigeria, South Africa


Sub-Saharan Africa saw a major spike in crypto activity in March, reaching $25 billion in monthly on-chain volume—driven largely by Nigeria’s centralized exchange usage. Nigeria Fuels Sub-Saharan Africa’s Crypto Growth In March, Sub-Saharan Africa (SSA) saw a sharp surge in cryptocurrency usage...

Nigeria Details Rules for Foreign Crypto Firms, Digital Asset Marketing


Under a recently passed law, the Nigerian Securities and Exchange Commission’s expanded mandate now includes regulating virtual assets, cryptocurrencies, and tokens as securities. Nigeria’s Landmark Digital Asset Legislation Nigeria is positioning itself at the forefront of digital...

Africa’s Stablecoin Boom: An ‘Economic Lifeline’ for Emerging Markets


The founder of an African stablecoin association said he supports BitMEX founder Arthur Hayes’ claim that one-third of Nigeria’s GDP is conducted in USDT. He emphasized that stablecoins are a vital economic lifeline for emerging markets and marginalized communities. Stablecoins an Economic Lifeline...

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