KuCoin pauses P2P trading in Nigeria amidst regulatory concerns
The KuCoin suspension comes after the new Nigerian SEC chief hinted at a total ban on P2P trading.
Nigeria
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
P2P Crypto Trading in Nigeria: SEC Chief Hints at Ban
Acting Director General Emomotimi Agama, who met with the crypto community virtually, invoked patriotism and urged market participants to fish out naira manipulators.
Anti-graft agency gets court order to track Nigerians on Binance
The agency says it has evidence to believe that some Nigerians used Binance for illegal activities and manipulation of the foreign exchange market.
Kenya and Namibia join 10 African countries on FATF grey list
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.
Binance ends naira support in Nigeria amidst regulatory pressure
Users can still trade crypto but need other services to deposit/withdraw naira
Nigerian official confirms the investigation of Binance
The Office of National Security Adviser (ONSA) “is coordinating an interagency investigation into the operations of Binance,” according to ONSA’s head of strategic communications, Zakari Mijinyawa.
Nigeria seeks $1.5 billion World Bank loan to ease forex shortage
Nigeria’s Finance Minister added that the country is also looking to tap into the Eurobond market this year if rates fall.