Tag: Central Bank

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Binance Exit Sparks Fears and Opportunities in Nigeria’s Crypto Scene

Binance's exit from Nigeria raises concerns among local cryptocurrency stakeholders. The ban on Binance naira operations may impact the livelihoods of Nigerian traders. ...

Binance Halts Nigerian Naira Transactions, Faces Regulatory Headwinds

Binance, a prominent global cryptocurrency exchange, has declared its withdrawal from the Nigerian market, ceasing all services in the local fiat currency, the...

UAE’s Digital Dirham Marks Milestone with Cross-Border Transfer to China

Sheikh Mansour Bin Zayed Al Nahyan initiates a historic Dh50 million cross-border payment to China using the UAE Central Bank's Digital Dirham. The...

Nigeria’s Crypto Revolution Boosts Yellow Card’s Expansion Plans

Africa's leading centralized crypto exchange, Yellow Card, unveils plans to obtain a license in Nigeria post the Central Bank's move to lift the crypto...

Nigeria’s Central Bank Lifts Ban on Cryptocurrency Firms’ Bank Accounts

Nigeria's Central Bank has lifted the ban on cryptocurrency firms opening bank accounts. The reversal of the 2021 order mandates VASPs to be regulated...

Turkey President Appoints Blockchain Expert Fatma Özkul to Central Bank Committee

President Erdogan appoints blockchain and crypto expert Prof. Dr. Fatma Özkul to the Central Bank's Monetary Policy Committee. Learn about Özkul's background, achievements, and...

Lesotho’s Payment System Grinds to a Halt After Cyberattack

The Central Bank of Lesotho faces a cyberattack, causing a complete shutdown of the country's payment system. While no financial losses are reported, the...

Nigeria Plans to Include Fintechs in Broadened Official Currency Market

Nigeria's official currency market is set to expand, welcoming legitimate players like bureaux de change and fintech firms. This move comes as the country...

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