In today’s edition: Is a crypto ban imminent in Nigeria? || GTCO breaks Nigeria's profitmaking record || Egypt partners up with Italy for an African AI hub || South Africa announces national AI policy

  Science/Technology   May 6, 2024   0   67  Add to Reading List
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The second edition of TechCabal’s Moonshot Conference is set for October 9–11, 2024, at the Eko Convention Centre, Lagos, Nigeria.

Moonshot will assemble Africa’s biggest thinkers, players and problem solvers on a global launchpad for change. If you want to join the stakeholders in Africa’s tech ecosystem for three days of insightful conversations, then get an early-bird ticket at 20% off. 

Crypto

A new crypto ban in Nigeria?

Last year, Nigeria relaxed its 2 year ban on crypto transactions. The move signalled the President Tinubu-led government’s warm embrace of crypto. Shortly after the ban, crypto exchange platforms like Quidax and Luno applied for operating licenses from the country’s financial market regulator, the Security Exchange Commission (SEC).

Since then, the government has clamped down on global crypto exchanges like OKX, Coinbase, and Binance over suspicion that crypto traders use peer-to-peer trading to manipulate the price of the naira via a pump-and-dump strategy. 

Now, it appears the government is completely cold on crypto. 

A matter of national security: Nigeria’s National Security Adviser (NSA) has classified crypto trading as a national security issue. <div class= Read Original   

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