Blockchain Sleuthing Firm Calls Nigeria ‘Focal Point’ for Africa’s Crypto Scams
These scams are raking in tens of thousands of dollars in crypto a month, blockchain analytics firm Whitestream determined.
Nigeria
Nigeria’s Central Bank: We Didn’t Ban Crypto Trading
Mar 22, 2021
Deputy Governor Adamu Lamtek said the CBN is not discouraging people from trading in cryptocurrency.
The investment, made through SDF's Enterprise Fund, will provide Cowrie with resources to continue expanding its operations in emerging markets, including Africa.
The NFT Craze Is Helping Nigerian Artists Go Global
Apr 13, 2021
Nigerian artists are minting NFTs, but they are cautious about the hype around them.
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.
Nigeria
Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban
Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.
