Nigeria Lifts Banking Ban on Cryptos: Towards a Digital Future
In February 2021, the Central Bank of Nigeria (CBN) imposed a radical ban on crypto-currency transactions, citing risks associated with money laundering and terrorist financing. This decision, which caused a wave of uncertainty, has now been reversed. Nigeria, recognizing the importance of keeping up with global trends, has chosen to regulate rather than ban crypto-currencies, […]
India: Strict Measures Against Binance and Other Offshore Cryptocurrency Exchanges
In an unprecedented move, India recently issued compliance notices to nine offshore cryptocurrency exchanges, including giants Binance and KuCoin, for non-compliance with local anti-money laundering laws. This action raises important questions about cryptocurrency regulation and its impact on investors and users in India. The Ministry of Finance’s Accusations and Implications for Trade According to the […]