According to 1st News, a Nigerian news publication, George Residence, one of the best in the hospitality sector in Nigeria has announced plans to start accepting Bitcoin payments. The firm also announced it has already converted 50% of its balance sheet to Bitcoin. The luxury hotel located in Lagos, Nigeria, reportedly took this decision as […]
Tag: Nigeria
Nigerian Crypto Enthusiasts are Free to Trade Cryptocurrencies
Reportedly, The Governer of the Central Bank of Nigeria, Godwin Emefiele who was represented by Adamu Lamtek said the banking sector ban on servicing cryptocurrency exchanges as Blockfinest previously reported, was to protect the banking sector from activities of cryptocurrencies and not a ban on its activities. That tells also there are no restrictions for […]
No More Crypto Exchanges Servicing Banks in Nigeria
Nigeria’s commercial banks are prohibited from providing account services to cryptocurrency exchanges. Nigeria’s central bank had taken this decision while cryptocurrency adoption growth increasing in Nigeria. The Central Bank of Nigeria has issued a circular which contains the prohibition and mentioning the previous warnings from the bank about risks that can be occurred with digital […]
