crypto
JUST IN: Nigeria’s SEC Issues Stern Warning To Crypto License Applicants
Nigeria’s SEC Tightens Oversight on Crypto Licenses, Warns Non-Compliant Applicants of Rejection While Promising Stakeholder Support and Proactive Regulatory Reforms
Regulator Vows Strict Compliance with VASP Requirements
The Nigerian Securities and Exchange Commission (SEC) has warned that virtual asset service … Continue Reading
Nollywood Star, Baba Rex Launches Crypto Coin, Babacoin – Link To Buy Presale
In a bold move to reshape the cryptocurrency landscape, popular Nigerian influencer and Nollywood star, Nosa Rex, also known as Baba Rex has announced the launch of Babacoin.
This new digital currency aims to revolutionize how influencers engage … Continue Reading
Nigerian SEC Proposes Significant Fee Hikes for Crypto Service Providers
The Securities and Exchange Commission (SEC) has proposed amendments to the rules governing platforms offering crypto services.
SEC logo
The proposed changes include substantial increases in registration fees for crypto exchanges, from 30 million naira ($18,620) to 150 million naira … Continue Reading
Nigerian Government Levies $10 Billion Fine on Binance Amid Cryptocurrency Crackdown
The Nigerian government has imposed a staggering fine of $10 billion on Binance, one of the world’s largest digital asset platforms. The move comes amid growing concerns about the role of cryptocurrency exchanges in facilitating illicit activities and exacerbating … Continue Reading
Nigeria Unbans Crypto, Yellow Card Exchange Seeks Licensing
In a circular dated December 22, 2023, Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has unbanned crypto transactions in banks operating in the West African country, prompting the Pan-African trading firm, Yellow Card Exchange to seek Nigerian licensing.… Continue Reading