The Nigerian Financial Intelligence Unit (NFIU) has announced that the country has made substantial progress in implementing its Action Plan under the Financial Action Task Force (FATF) International Co-operation Review…
The Nigerian Senate Committee on Capital Market has called on the Federal Government to regulate and formalize cryptocurrency trading in the country in order to tap into Nigeria’s booming digital…
The recent collapse of the latest Ponzi scheme in Nigeria, Crypto Bridge Exchange or CBEX, has left many Nigerians devastated, with losses estimated in hundreds of millions of naira. The…
Recently, in an extraordinary display of industry solidarity, crypto exchange Bitget came to the rescue of rival crypto exchange platform, Bybit. Bitget transferred approximately $106 million in Ether (ETH) to…
In a landmark statement, the U.S Securities and Exchange Commission (U.S SEC) has announced that “Covered Stablecoins”—digital assets backed one-to-one by liquid, high-quality assets—will not be considered securities in the…
by Edison Irabor
The stablecoin market has witnessed unprecedented growth, with US dollar stablecoins reaching a staggering $230.2 billion, adding $1.83 billion towards the end of March 2025. The immediate drive…
“Digital assets” are now expressly classified as “securities” in Nigeria, officially and effectively making digital assets regulation in the country the primary business of Nigeria’s Securities and Exchange Commission (SEC).…
Nigeria’s crypto ecosystem is experiencing significant growth, thanks to the Securities and Exchange Commission’s (SEC) decision to issue provisional crypto operations licenses to two startups, Busha and Quidax, in August…
In a landmark decision, the US Office of the Comptroller of the Currency (OCC) has cleared the way for national banks to engage in certain cryptocurrency activities. Published in the…
In a significant move, US Treasury Secretary Scott Bessent announced at the White House Crypto Summit that the US government plans to utilize stablecoins to solidify the dollar’s position as…