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The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system.
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.
Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).
The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, disclosed this during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday.
Ramon Abbas, better known as ‘Hushpuppi’, has been indicted by federal prosecutors in the United States on a new charge of money laundering, amidst his ongoing trial for a variety of cyber fraud.
The International Monetary Fund (IMF) has expressed its support for the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.
The Justice Department unsealed charges Wednesday for three North Korean computer programmers accused of conspiring to extort over $1.3 billion from banks and other businesses across the globe, as first reported by The Washington Post.
Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars around the world.
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today.
The Securities and Exchange Commission says it has suspended the approval of cryptocurrency and related products after the Central Bank of Nigeria ordered banks to terminate accounts connected to digital currencies.
As the recent directive by the Central Bank of Nigeria (CBN) asking commercial banks to stop facilitating cryptocurrency transactions in Nigeria continues to generate controversy, the Securities and Exchange Commission (SEC) has stated that it will continue to monitor developments in the digital asset space and further engage all critical stakeholders.
Nigerian banks have started blocking accounts of customers involved in crypto transactions, many sources are reporting.
North Korea has stolen more than $300 million worth of cryptocurrencies through cyberattacks in recent months to support its banned nuclear and ballistic missile programmes, a confidential UN report said.
A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has advised the CBN to reconsider its recent decision to ban cryptocurrency transactions in the country banking and payment systems.
The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
Mafia-type organisations, often based in eastern Europe, are likely to have been behind a recent wave of cyber attacks on French hospitals, rather than foreign powers, said the French minister for digital technology Cedric O on Thursday.
A Russian court sentenced a man to eight years in prison on Thursday after finding him guilty of state treason for allegedly handing over secrets to China, the TASS news agency reported.
The Chief Executive Officer (CEO) of AstraZeneca, Pascal Soriot, has expressed delight that the first doses of the vaccine produced by the Serum Institute of India has been delivered.
Eyewitness told newsmen that it was a lorry that was trying to escape from some red-eyed illegal revenue collectors that sent the victims to their untimely grave at the everbusy Upper-Iweka axis, along Enugu-Onitsha Expressway in the early hours of Wednesday.
The hope of Nigerians having early access to the use of vaccines for the prevention of COVID-19 pandemic appears dashed as federal government has claimed it cannot be specific when the first batch of COVID-19 vaccines will arrive the country.
West Bromwich Albion boss Sam Allardyce believes clean sheets hold the key to their relegation prospects.
Arsenal youngster, Bukayo Saka, has said he will continue to push and ‘keep progressing’ with the Gunners.
Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.
The Socio-Economic Rights and Accountability Project (SERAP) yesterday advised the Muhammadu Buhari Administration to explore other options to raise funds to fund the budget instead of selling national assets.
The Federal Government, yesterday announced securing €400,000 grant to kick off National Livestock Transformation Plan, NLTP, in four states.