Nigerian stablecoin payments startup Lazerpay shuts down
Lazerpay’s funding attempts failed, with one of its investors’ funds held up in the FTX collapse, and despite November layoffs, it couldn’t get back on track.
Lazerpay’s funding attempts failed, with one of its investors’ funds held up in the FTX collapse, and despite November layoffs, it couldn’t get back on track.
Flutterwave has attempted to cover up the hack despite a court petition to freeze accounts, with digital asset traders crying foul over bank account freezes.
Nigeria’s cash shortage amid the botched note replacement program has been a big win for eNaira, with e-wallets now at 13 million, a 1200% rise from October.
Bola Tinubu takes over from Muhammad Buhari who banned banks from servicing VASPs, and says he’ll do better and push for blockchain adoption in Nigeria.
FATF says Africa’s two largest economies must do better to fight money laundering, with both countries decrying the listing as they’ve made “substantial efforts.”
To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate eNaira's features and improve its adoption rate.
Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43, the economy is grinding to a halt.
The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory sandbox, with Ghana’s central bank announcing a similar project.
Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based CBDC amid slow eNaira uptake.
Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia delved into CBDCs and more.
The bill recognizes digital assets and gives the apex bank and SEC jurisdiction over the sector, months after CBN banned VASPs from accessing banking services.
On CoinGeek Backstage, NITDA’s Kashifu Inuwa was interviewed about blockchain technology in Africa that he believes will leapfrog the West again.