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Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto

Post author:MiamiCrypto
Post published:December 20, 2022
Post category:Babangida Ibrahim CBN directive Central Bank of Nigeria (CBN)Cryptocurrency regulation Nigeria Securities and Exchange Commission Regulation regulatory framework

Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act…

Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies

Post author:MiamiCrypto
Post published:December 19, 2022
Post category:Babangida Ibrahim Central Bank of Nigeria e-naira Economic Zone House of Representatives Committee on Capital Markets Legal Recognition usage

The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate, a little more than a year after its launch in October 2021.