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Latest Crypto News in Nigeria Today - Breet For Nigerian crypto enthusiasts, the event underscores growing legitimacy for Bitcoin globally, boosting investor sentiment locally It also suggests you might watch for increased adoption of Bitcoin in Nigerian portfolios or local platforms mirroring such moves
Nigeria Leads Crypto Space in Africa, Despite the Ban Nigeria is now the biggest player in cryptocurrency across Sub-Saharan Africa It handled about $59 billion in crypto transactions from July 2023 to June 2024 This is nearly half of the region’s estimated $125 billion, according to a report by KPMG Nigeria and blockchain firm Chainalysis
Nigeria Unbans Crypto: A New Dawn for Crypto Payments Nigeria had previously imposed a ban on cryptocurrencies in February 2021, causing considerable uncertainty in the local crypto space However, in a move that signals a shift in attitude towards cryptocurrencies, the Central Bank of Nigeria (CBN) announced the reversal of this ban
Nigerias $81. 5 Billion Binance Lawsuit: Tax Evasion, Naira . . . The Nigerian government is demanding a staggering $81 5 billion in damages, alleging tax evasion and a contributing role in the devaluation of the Nigerian naira This case has far-reaching implications, not only for Binance but also for the future of cryptocurrency regulation globally
Massive Crypto Fraud Network Exposed: 792 Arrested in Nigeria Nigerian authorities have arrested 792 individuals linked to cryptocurrency scams in a raid on a Lagos building, the Economic and Financial Crimes Commission (EFCC) announced The suspects allegedly targeted victims, primarily from the U S and Europe, through fraudulent romantic offers to lure them into investing in fake crypto schemes
Nigeria to Introduce Crypto Taxation to increase National . . . The move signals Nigeria’s commitment to regulating and capitalizing on the growing crypto industry This development comes at a time when other countries, including the United States, are also re-examining their approaches to digital asset regulation
Is Cryptocurrency Legal in Nigeria? 2025 Crypto Ban Update Remember back in 2021 when Nigerian banks suddenly started blocking accounts linked to crypto transactions? Traders panicked, social media went wild, and for a moment it felt like the end of crypto in Nigeria But as it turns out, that was just the beginning of a new chapter