カテゴリー: Emerging Markets

Outrage Over Union Bank of Nigeria’s Threat to Close Crypto-Related Accounts

Nigerian digital asset owners have reacted angrily to Union Bank’s threat to close all cryptocurrency-linked accounts. Investors have accused the local banking system of hypocrisy, asserting that banks are “unfit” and “scammers” that continue to steal from the poor through spurious charges such as ATM maintenance fees and SMS alerts. Also read: Nigeria’s Union Bank Threatens […]

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Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts

Nigeria's Union Bank Threatens to Shut Down Cryptocurrency-Related AccountsA large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Also read: Malaysian MP “Concerned About Threat” From Cryptocurrencies to Government […]

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Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts

Nigeria's Union Bank Threatens to Shut Down Cryptocurrency-Related AccountsA large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Also read: Malaysian MP “Concerned About Threat” From Cryptocurrencies to Government […]

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Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President

Nigeria's Opposition Leader Promises Cryptocurrency Policy If Elected PresidentNigeria’s main opposition leader and former vice president, Atiku Abubakar, has said the country will adopt blockchain technology and cryptocurrency if he is voted into power. In his policy document, Abubakar revealed plans to create a legal policy that, among other things, will see blockchain and cryptocurrencies taught from primary school through university. Also read: Italian […]

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Zimbabweans Use BTC to Pay for Food Hampers Amid Foreign Currency Crisis

Zimbabweans Use BTC to Pay For Food Hampers Amid Foreign Currency CrisisStudy263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system. Also Read: Ivy and […]

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Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban

Namibian Bitcoin Trading Platform BTN Trudges on Despite Partial Crypto BanBitcoin Trade Namibia (BTN), an emerging bitcoin marketplace, is trying to make things work for Namibians keen on investing in digital assets, even though it could take up to three days before buy orders are settled. However, in an industry where government forces crave control, the delay looks like it should be worth the wait. […]

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Survey: South Africans Turning to Crypto as Hedge Against Volatility of the Rand

Survey: South Africans Turning to Crypto as Hedge Against Volatility of the RandA survey by Luno, a London-based cryptocurrency platform, has revealed that a growing number of people in South Africa prefer holding cryptocurrencies such as bitcoin and bitcoin cash rather than the local fiat unit, the rand. About 70 percent of South Africans have heard about virtual currencies, and most people have been using them as […]

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Pan-African Organization Launches Framework to Encourage Cryptocurrency Trade

Pan-African African Organisation Launches Framework to Maximize Trade Using CryptocurrencyOn Nov. 2, the African Digital Asset Framework (ADAF) launched with a mandate to promote cryptocurrency commerce within the continent. Co-founder Felix Macharia said ADAF is an open-source software platform to create cross-border standards for cryptocurrency and blockchain technology. It will also complement the African Union’s Single African Digital Market initiative, which leverages technology to […]

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Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful

Africa Dominates P2P Bitcoin Exchange Paxful With $64 Million Trades Each MonthPaxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa […]

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Bitcoin Cash Merchant Directory Marco Coino Surpasses 500 Listings

Over the last year bitcoin cash adoption has been thriving and in certain regions, BCH merchants are spreading like wildfire. Thanks to a slew of cryptocurrency payment processors and people pressing for adoption there are thousands of BCH accepting merchants these days. One application called Marco Coino helps bitcoiners find BCH brick-and-mortar retailers on a […]

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