Foreign
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Bitcoin
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its…
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Bitcoin
UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income
A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of…
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Bitcoin
Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office…
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Regulation
Nigerian Government Demands Nearly $10,000,000,000 From Binance for Alleged Foreign Exchange Rate Manipulation: Report
The government of Nigeria is demanding billions of dollars from Binance, alleging that the crypto exchange manipulated the exchange rate…
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Blockchain
China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection
The Chinese Ministry of State Security issues a warning about foreign mapping companies using cryptocurrency rewards to encourage unauthorized sensitive…
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Bitcoin
Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year…
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Blockchain
Zhao Dong’s Conviction Highlights China’s Stance on Cryptocurrency and Foreign Exchange Regulation
The over-the-counter (OTC) cryptocurrency trading desk RenrenBit was founded by Zhao Dong, who is notoriously known as the “OTC King.”…
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Blockchain
US Congress Proposes Bill to Restrict Government Interactions with Foreign Adversarial Blockchain Networks
On November 8, 2023, the United States Congress witnessed the introduction of a significant piece of legislation – H.R.6307. Sponsored…
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Blockchain
Taiwan Regulates Crypto Exchanges, Bans Unregistered Foreign Operators
Key Takeaways Taiwan’s Financial Supervisory Commission (FSC) releases new guidelines for Virtual Asset Service Providers (VASPs). Foreign VASPs are prohibited…
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Blockchain
Hong Kong IFEC Warns Against Trading on Illegal and Foreign Platforms for Virtual Assets
The investor and Financial Education Council (IFEC), a public organisation under the Securities and Futures Commission (SFC), has issued a warning regarding…
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