Browsing: Crypto

The government, through the Securities and Exchange Commission, plans to remove the naira from all peer-to-peer cryptocurrency platforms in order to address those who manipulate exchange rates and illicitly trade dollars. This comes as the government ramps up its efforts to regulate Nigeria’s cryptocurrency market, estimated at […]

The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500bn business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on…

Nigerian financial technology companies have cautioned their customers against engaging in cryptocurrency or any virtual currency trading on their applications, and have threatened to block any accounts found participating in such activities. At least four financial technology companies—Opay, Moniepoint, PalmPay, and Paga—have informed their customers about this development on Friday. Recently, the Central Bank of Nigeria prohibited major financial technology companies […]

The person who started and used to be the CEO of digital money exchange Binance, Changpeng Zhao, has been declared the richest person in the digital money world for the third year in a row as Forbes reveals the big shots in the digital money industry. Famously called CZ, Zhao's value is now approximately $33 billion, up from $10.5 billion last year, and he is the 50th wealthiest person in the world. Despite admitting […]