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India, Nigeria and Thailand are ranked as the three top countries in Chainalysis’ 2023 Global Crypto Adoption Index, with lower middle income nations leading the way in grassroots adoption of cryptocurrencies.The blockchain analytics firm released an excerpt to its annual Index report which shows that central and south Asia and the
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India, Nigeria and Thailand are ranked as the top three countries in Chainalysis’ “2023 Global Crypto Adoption Index,” with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies.The blockchain analytics firm released an excerpt from the report showing that central and south Asia and the wider Oceania
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Nigeria is extending an invitation to scientists of Nigerian heritage, as well as globally renowned experts who have worked within the Nigerian market, to collaborate in the formulation of its National Artificial Intelligence (AI) Strategy.According to Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, who made the announcement
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Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria.The National Youth Service Corps is a program in Nigeria that requires university
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 9, 2023, local reports revealed that the Association of Bureaux De Change Operators of Nigeria (ABCON), responsible for formulating regulatory frameworks for naira-dollar exchange, wants Binance banned. Nigeria taking action ABCON asserted that Binance’s activities contribute to the
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The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors. Source
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For many, using the eNaira isn't straightforward. In March, the central bank said the value of eNaira transactions up to that point in the year was 22 billion naira ($48 million at the time). The country has a $220 billion informal economy that thrives on cash and has too few
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The only recognized Binance arm on the African continent is Binance Africa. Binance CEO Changpeng ‘CZ‘ Zhao recently took to Twitter to express his dissatisfaction with Binance Nigeria Limited, claiming that the company is a scam. CZ added that Binance has, therefore, issued a cease and desist notice to the alleged
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Binance operates an independent entity dubbed Binance Nigeria Limited similar to the United States entity that was also deemed illegal earlier last week. Cryptocurrency exchanges around the world have found themselves at loggerheads with several global regulators for offering digital assets without proper registrations. In the latest developments, both the Nigerian
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It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria's securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities and Exchange Commission. "Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," Nigeria's
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