Tag: cbn

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BAF Summit 2022: Cryptoasset Policymaking and the Future of Global Economy: What went well, what didn’t go well, and what can we do better in Nigeria?

The CBN needs to reconsider its current anti-crypto directive in the country’s banking and financial system to properly prepare the Nigerian banking and financial sector for the increasingly decentralized future of finance. Focus should shift from outright prohibitions, fines, and bans in Nigeria’s banking and financial system to efficient and effective transaction monitoring and reporting

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Stakeholders Want CBN To Regulate Cryptocurrency

Stakeholders and politicians across different offices have confirmed that regulation is the best approach to derive benefits from the cryptocurrency market. In the coming days, Nigeria might be on a crypto regulatory end rather than banned as expected. Senator Ihenyan, President of Stakeholders in Blockchain Association of Nigeria, revealed he has been making efforts since

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Press release issued by Blockchain Industry Coordinating Committee of Nigeria (BICCoN)

On Friday, 5th February 2021, the crypto industry in Nigeria got wind of a circular by the Central Bank of Nigeria (CBN). The news reached local international media mainstream and members of the general public. The circular was directed to all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions in Nigeria.

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