Nigerian Central Bank Orders Fintech Companies to Stop Opening New Accounts in Light of Cryptocurrency Clampdown

Nigerian Central Bank Orders Fintech Companies to Stop Opening New Accounts in Light of Cryptocurrency Clampdown

Four fintech companies have been instructed by the Central Bank of Nigeria to stop opening new accounts, citing the possibility that bitcoin dealers may utilize them. A representative of an impacted fintech company has linked the Central Bank’s instruction to an ongoing assessment of the Know Your Customer (KYC) protocols these companies have put in … Read more

CEO of Binance Talks About Company’s Strategy Following Settlement With US Authorities

CEO of Binance Talks About Company's Strategy Following Settlement With US Authorities

The CEO of Binance has revealed the company’s goals and future course after reaching a settlement with US authorities, such as the Department of Justice (DOJ). He emphasized, “We have moved past that as the company move into greater maturity,” saying the cryptocurrency company is concentrating on “sustainability.” “The Path of Travel Is Quite Evident.” … Read more