Nigerian government
Policy
The Nigerian government is set on passing a legislation that will recognize #Bitcoin and other cryptocurrencies. The news was brought forward by Nigerian-based Punch Newspapers following an interview with Babangida Ibrahim, the chairman of House of Representatives Committee on Capital Markets.
Related news
Policy
Mar. 25, 2023
The UK Has Created Crypto Banking Problems
Many U.K. crypto companies are finding it difficult to obtain banking services because numerous banks are limiting their interaction with the sector altogether, crypto advocates said. Following the collapse of the U.S.’s Silicon Valley , Silve...
Policy
Mar. 24, 2023
Federal Reserve Says Custodia’s Crypto-Focused Business Model Is ‘Inconsistent’ With Approval
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership. Custodia’s membership application, as...
Policy
Mar. 24, 2023
Former SEC Branch Chief Explains Why U.S. Has Jurisdiction in Do Kwon Case
U.S. law enforcement has jurisdiction over Singapore-based Terraform Labs and its founder Do Kwon because they knowingly marketed their LUNA and terraUSD (UST) coins to U.S. investors, said Lisa Braganca , a former enforcement branch chief at th...
Policy
Mar. 24, 2023
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they would go for in the markets, according to a change prop...
Policy
Mar. 24, 2023
Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP
Terraform Labs founder Do Kwon has been charged with forgery in Montenegro and is due in court later Friday for extradition proceedings, according to a report by AFP . The South Korean national has been on the run following the collapse of stab...
Policy
Mar. 24, 2023
El Salvador President Nayib Bukele to Introduce Bill Eliminating Taxes on Technology Innovations
Nayib Bukele on Thursday night said he will be proposing a bill to El Salvador's congress eliminating all taxes on both software and hardware technology innovations. Next week, I’ll be sending a bill to congress to eliminate all taxes (income, ...
