Turkey bans ‘risky and volatile’ digital currencies for payments
The central bank termed digital currencies as risky because “they are neither subject to any regulation and supervision mechanisms nor a central regulatory authority.”
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Indian finance minister says digital currency bill will protect investors
Indian Minister Anurag Thakur said the government would put investors at the forefront of their legislative effort, though it remains unclear exactly how they intend to protect investors.
Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool
Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as a primary know-your-customer (KYC) and anti-money laundering (AML) tool.
Nigeria’s central bank didn’t ban digital currencies, official clarifies
The central bank’s directive only applied to banks, prohibiting them from processing transactions related to digital currencies, an official said.
India to revive its proposal to ban Bitcoin, with fines for users: report
Once it is passed by parliament, the bill will give residents a six-month grace period to liquidate all their digital currencies.
Internet and Mobile Association of India says regulate, don’t ban digital currency
The Internet and Mobile Association of India has issued a plea to government not to ban digital currencies, but to regulate instead, as a means to unlock the “considerable benefits” of the sector.
Nigeria rewarding users of mainstream remittance channels to combat digital currency use
The Central Bank of Nigeria announced its “Naira 4 Dollar Scheme” recently, targeting diaspora remittances.
India won’t ban digital currencies: finance minister
Finance Minister Nirmala Sitharaman assured that despite reports of government hostility against the industry, it will take a measured approach.
Bybit shuts down in UK after regulator warning
Users of the digital currency derivative platform in the U.K. have until March 31 to close all their positions and withdraw their balances, according to Bybit.
Exclusive: Nigeria’s digital currency community speaks out on central bank ban
Despite thriving for years now, Nigeria’s digital currency industry faces its biggest threat yet following a central bank ban that has denied it basic banking services.
Nigeria VP calls for regulation, not ban of digital currencies
Speaking at a recent event, Yemi Osinbajo rebuked the recent ban on digital currencies, advocating for Nigerian authorities to regulate the industry.
Nigeria central bank governor defends digital currency ban
The Central Bank of Nigeria believes the recent ban on digital currencies was in the best interest of the public, says its governor.
