Nigeria

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

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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

Nigerian access is unblocked, according to Coinbase CEO, and the platform is running normally.

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Brian Armstrong, the CEO of Coinbase, has denied rumors that Nigerian authorities had blocked his bitcoin exchange. He stressed that Coinbase’s products are completely up and running in Nigeria. The Coinbase executive confirmed, “We have not received any outreach or communication from officials in Nigeria.” According to reports, Binance has acknowledged that certain Nigerian consumers … Read more