AFRICA DIGEST NEWS’ Post

Nigeria is set to remove the naira from all Peer-to-Peer (P2P) crypto platforms in a bid to curb manipulation of the local currency in the foreign exchange market, announced Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), during an interactive session with the Nigerian Blockchain Industry. Tap the link in our bio to read more. #SEC #CryptoDelisting #P2PCrypto #Cryptocurrency #Naira #ratecaptain

Policy changes affecting cryptocurrency might be on the horizon in Nigeria. https://lnkd.in/e9g45aHD #Techmoonshot #technology #TechNews #CryptoNews #Crypto #cryptocurrency #cryptobanking #cryptoban #Binance #FTX2024 #BlockchainForBanking #Blockchain #cryptoassets #cryptoexchange #cryptotrading

How threatening can cryptocurrencies be for governments around the world? Will there be bans or restrictions? Will CBDCs be pushed worldwide? These are some of my questions reading this article. #cbdc #cryptocurrency #bitcoin #exchanges #government

The #IMF has urged #Nigeria to regulate global crypto platforms to safeguard financial stability amid fears of currency manipulation.#CryptoCommunity #Crypto #Nextincrypto #Bitcoin #Ethereum #Cryptonews #Blockchain #nft #Altcoin #DeFi #CryptoArt https://lnkd.in/d4r3VFc7

HKX Quits Hong Kong Market: Major Crypto Exchange Exits Amid Intensifying Regulatory Clampdown Reactions as HKX quits Hong Kong market, becoming the latest cryptocurrency exchange to leave the region due to tough regulatory demands. This significant move has created ripples in the crypto world Author: Sarah Usman https://lnkd.in/eDtWfqPM #Cryptocurrency #en #News #HKX #HongKong

🔍 In the Spotlight: A $2.2 Billion Underground Banking Network Dismantled🔍 Recent actions by Chinese authorities have unveiled a $2.2 billion underground banking network that used cryptocurrencies like Tether and Litecoin to sidestep stringent financial controls. This major operation involved more than a thousand bank accounts across 17 provinces and demonstrates the complex challenges and risks associated with unregulated financial activities. Read more here: https://lnkd.in/ewHKtHSm At Cash2Bitcoin, we believe in the transformative power of cryptocurrency, but also recognize the importance of regulation to prevent financial crimes. This incident serves as a reminder of why we prioritize compliance and transparency in all our operations, ensuring a secure and trustworthy environment for our users. 🌐 As the landscape evolves, we continue to advocate for clear regulations that support innovation while deterring illegal activities. We want to hear your thoughts on this matter - share below!💬 #Cryptocurrency #Blockchain #Regulation #Compliance #Cash2Bitcoin

Nigeria has taken a significant step by banning access to major cryptocurrency exchanges, including Binance and Coinbase. This move, aimed at stabilizing the Naira, has sparked widespread debate and concern among the Nigerian crypto community. Key Takeaways - Nigeria has banned access to major crypto exchanges like Binance and Coinbase.

In the past week, significant events have unfolded in Nigeria's financial sphere. The Nigerian naira hit a historic low against the US dollar, prompting government action to stabilize the currency. Authorities targeted Bureau de Change operators and directed telecommunication companies to restrict access to cryptocurrency websites, citing concerns about market manipulation and the naira's decline. Allegations surfaced linking USDT trading on Binance to the naira's fall, leading to calls for regulatory action against cryptocurrency platforms. Despite claims of USDT's influence on the naira's value, there are debates about its actual impact. Read more here: https://lnkd.in/dmmN9UNQ #usdt #usd #naira #bitcoin #crypto #cryptocurrency

Binance & Other Crypto Firms Faces Ban In Nigeria, Here’s Why Nigeria has thrown a wrench into the operations of leading #crypto exchanges, including Binance, OCTAFX, and Coinbase. Notably, this move comes just months after the Central Bank of Nigeria lifted its ban on #crypto transactions, signaling a tumultuous regulatory landscape for digital assets in the country. https://lnkd.in/eBinF79c #cryptocurrency #cryptonews

In a bid to combat exchange rate manipulation and curb dollar racketeering, the Federal Government, through the Securities and Exchange Commission (SEC), is taking decisive action by delisting the naira from all peer-to-peer crypto platforms. The move follows recent efforts by the government to regulate Nigeria’s burgeoning crypto market, estimated at $57 billion. Emomotimi Agama, the newly-appointed Director-General of the Commission, revealed this plan during a meeting with members of the Nigerian blockchain industry organized by the Blockchain Industry Coordinating Committee of Nigeria. Tap the link in our bio to read more. #FederalGovernment #CryptoTrading #DollarSpeculation #Naira #RateCaptain #cryptocurrency