ABUJA — In the wake of the Securities and Exchange Commission (SEC) Nigeria’s sweeping move to recapitalize the capital market, the nation’s intercommunity group has issued a formal statement about…
LAGOS, NIGERIA – Blockchain Experts Association of Nigeria (BEAN)—founded in 2016 as the Blockchain Nigeria User Group (BNUG), has formally reacted to the Securities and Exchange Commission (SEC) Nigeria’s recent…
In a move designed to transform the Nigerian capital market from a market of participants into a fortress of financial stability, Nigeria’s Securities and Exchange Commission (SEC) has officially “raised…
The “Wait-and-See” era for digital assets in Ghana is officially entering its final act. In a move that signals the definitive end of the regulatory vacuum in Ghana, the Bank…
Stablecoin issuers like Circle and Tether are making headlines by accumulating more U.S. Treasuries than many countries. This trend has sparked discussions about the potential impact on the U.S. economy…
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…
