BTCM: Kenya’s latest crypto mining Ponzi Scheme collapses, leaving investors empty-handed
This is the latest in a long list of Ponzi platforms promising bogus ROI fleeing with investors’ money.
Sam Adeyemo
IMF warns that unregulated cryptocurrencies could threaten financial stability
The IMF has previously shown its disapproval of cryptocurrencies and other digital assets and has called for their regulation and control.
Nigeria’s oil sector looking to attract billion-dollar FDI
Nigeria recorded $47.60 million in FDIs for the first quarter of 2023, signifying a 69.28 percent year-on-year decline.
WorldRemit expands Nigerian remittance services to include naira payouts
This comes a few days after the CBN directed that IMTOs could pay out in Naira.
Central Bank of Nigeria upgrades eNaira with NFC feature
A deputy director with the bank said the CBN has introduced Near Field Communication (NFC) technology to enable contactless payments with the eNaira.
Uganda’s parliament is working on a bill to regulate virtual assets
The East African country is now looking to provide regulatory clarity for virtual assets and cryptocurrencies after initial hostilities.
Diaspora remittances can now be received in naira — CBN
The move is the latest in a series of policies implemented by Nigeria’s new administration.