Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank's Directive to Financial InstitutionsA body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020. Not Just a Mere Reiteration In a statement, the […]
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Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List

Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted ListNigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin. The Inksnation […]

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Forex Strapped Nigeria Designates Crypto Assets as Securities

Forex Strapped Nigeria Designates Crypto Assets as SecuritiesThe Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s investment and securities laws of 2007. In a statement released Sept. 14, the SEC […]

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