nigeria
Zimbabwe is seeking comments on the crypto industry to establish a policy for the sector, media outlets reported on Wednesday. The government has set up a committee to consult operators in the digital asset space and wants comments by June 26. Countries worldwide have been looking to understand crypto and regulate the nascent sector. South Africa recently started registering companies, and Nigeria has been establishing its approach to crypto in recent years. To keep up with the global race, Zimbabwe is exploring comprehensive crypto regulations and is inviting public input to better understand...
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Binance CEO Richard Teng claims officials in Nigeria approached the exchange’s team and offered a secret crypto settlement proposal. Teng shared details of this shocking development in a blog post that highlights the ongoing legal troubles around Binance official Tigran Gambaryan. The Binance chief’s comments comes as news from Nigeria say the government is planning to ban naira from all peer-to-peer (P2P) platforms in the country. Binance CEO on Nigeria’s crypto landscapeOn May 7, Richard Teng, who replaced former Binance CEO Changpeng Zhao, wrote about why Tigran Gambaryan is innocent and sh...
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In a significant regulatory shift, Nigeria has announced plans to prohibit person-to-person (P2P) cryptocurrency trading in the Nigerian naira, aiming to safeguard its local currency from further depreciation and market manipulation. New regulations on the horizon for the crypto sectorEmomotimi Agama, the Director General of Nigeria’s Securities and Exchange Commission (SEC), disclosed during a meeting with fintech professionals that new regulations targeted at crypto exchanges, digital asset custodians, and other sectors of the cryptocurrency industry would be introduced shortly. These measur...
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Emerging markets in Turkey, Egypt, and Nigeria experienced a surge following favourable adjustments in their credit ratings and economic outlooks, signalling increased investor confidence and potential economic stability in these regions. Turkey’s credit upgrade fuels optimismTurkey’s financial market showed positive movement after S&P Global Ratings upgraded the country’s sovereign credit rating. The upgrade was attributed to the government’s shift back to more orthodox economic policies, which have likely reassured investors about Turkey’s economic direction. Consequently, Turkey’s five-year...
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