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EU LAWMAKERS SET TO TIGHTEN UP ON CRYPTO TRANSFERS

European Union lawmakers were set on Thursday to back tougher safeguards for transfers of bitcoin and other cryptocurrencies, in the latest sign that regulators are tightening up on the freewheeling sector.Two committees in the European Parliament have thrashed out cross-party compromises to be voted on. Crypto exchange Coinbase Global Inc. has warned the rules would… Continue reading EU LAWMAKERS SET TO TIGHTEN UP ON CRYPTO TRANSFERS

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CBN SAYS eNAIRA IS MORE RELIABLE THAN CRYPTOCURRENCY

The Central Bank of Nigeria (CBN) has urged all Nigerians to embrace the eNaira saying that it is more reliable than cryptocurrencies.This was disclosed by CBN spokesman, Mr Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial stability and economic development.’ DCO Global News Published on November 3, 2021 By Odoh Dominic ChukwuemekaThe… Continue reading CBN SAYS eNAIRA IS MORE RELIABLE THAN CRYPTOCURRENCY

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BREAKING NEWS: NIGERIAN COURT UNFREEZES ACCOUNTS BLOCKED FOR CRYPTOCURRENCY TRADING IN BIG WIN FOR TRADERS

...The law is trite that any conduct that must be sanctioned must be expressly stated in a written law.A Federal High Court sitting in Abuja on Monday vacated an interim order which directed the Central Bank of Nigeria (CBN) to freeze accounts of two firms in two banks that were linked to cryptocurrency trading.The firm,… Continue reading BREAKING NEWS: NIGERIAN COURT UNFREEZES ACCOUNTS BLOCKED FOR CRYPTOCURRENCY TRADING IN BIG WIN FOR TRADERS

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CBN INTRODUCES E-NAIRA APP, MERCHANT WALLET

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday.The eNaira was scheduled to be launched on October 1, 2021, but was moved due to a clog of activities billed for Nigeria’s 61st anniversary celebrations.DCO Global News Published on October 25, 2021 By Odoh Dominic ChukwuemekaThe Digital Currency… Continue reading CBN INTRODUCES E-NAIRA APP, MERCHANT WALLET