Friday, September 29, 2023
No Result
View All Result
Blockchain Daily Report
Advertisement
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
Logo
No Result
View All Result
Home Bitcoin

Nigeria Looking To Legalize Bitcoin – Bitcoin Magazine

by Blockchain Daily Report
December 18, 2022
in Bitcoin
Reading Time: 1 min read
A A
0
Nigeria Looking To Legalize Bitcoin – Bitcoin Magazine
Share on FacebookShare on Twitter



An area Nigerian newspaper has reported that Babangida Ibrahim, chairman of the Home of Representatives Committee on Capital Market and Establishments of Nigeria, claimed the nation will quickly go a legislation making the utilization of bitcoin and cryptocurrencies authorized. The invoice would amend the 2007 Investments and Securities Act and would acknowledge bitcoin as authorized capital for funding.

Again in February of 2021, Nigeria successfully banned the utilization of bitcoin with a letter prohibiting regulated monetary companies from “dealing” with cryptocurrencies. In the identical 12 months, Bitcoin Journal reported Nigeria hovering to the most important quantity of bitcoin peer-to-peer buying and selling on the earth, and Chainanalysis experiences confirmed that Nigeria had drastically accelerated bitcoin adoption.

The newspaper report described how Ibrahim pointed to Nigeria being behind with reference to regulation of the trade, saying “Like I mentioned earlier through the second studying, we’d like an environment friendly and vibrant capital market in Nigeria. For us to try this, we’ve got to be updated international practices.”

If the proposed regulation correctly addresses the rising bitcoin utilization inside the nation, it may very well be a serious catalyst for the African continent’s most populated nation.

Bitcoin has had a big presence within the nation regardless of the present ban, together with the development of a Bitcoin village, Nigerian Bitcoiners collaborating in all kinds of improvement, philanthropic work from Bitcoin firms and mining being an lively trade there. 



Source link

Tags: BitcoinLegalizeMagazineNigeria
Share76Tweet47

Related Posts

EU Commits Over $800,000 To Forge Sustainable Asset Standards

EU Commits Over $800,000 To Forge Sustainable Asset Standards

by Blockchain Daily Report
September 29, 2023
0

Crypto is on the forefront of the European Fee’s monetary providers directorate’s proactive efforts to handle the growing environmental considerations...

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

by Blockchain Daily Report
September 29, 2023
0

Tron value is gaining tempo above $0.0850 in opposition to the US Greenback. TRX is outperforming Bitcoin and will rise...

VanEck Announces Plans To Launch Ethereum Futures ETF (EFUT)

VanEck Announces Plans To Launch Ethereum Futures ETF (EFUT)

by Blockchain Daily Report
September 29, 2023
0

Distinguished funding supervisor VanEck has revealed plans to launch an Ethereum Futures exchange-traded fund (ETF). Apparently, this improvement comes just...

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

by Blockchain Daily Report
September 29, 2023
0

Quite a lot of the day-to-day transactions from crypto buyers occur solely internally on the handful of main exchanges, recorded...

Here’s FTX Founder Sam Bankman-Fried’s Trial Schedule

Here’s FTX Founder Sam Bankman-Fried’s Trial Schedule

by Blockchain Daily Report
September 28, 2023
0

Throughout a listening to earlier Thursday, Choose Lewis Kaplan, who's overseeing the trial, requested the prosecution and protection to estimate...

Load More
  • Trending
  • Comments
  • Latest
BitPay + Ramp – Compre Bitcoin com PIX

BitPay + Ramp – Compre Bitcoin com PIX

September 14, 2023
How to Properly Dual Mine KAS + ZIL With the Rigel 1.3.4 Nvidia GPU Miner

How to Properly Dual Mine KAS + ZIL With the Rigel 1.3.4 Nvidia GPU Miner

January 30, 2023
Digital Artists Making Waves in 2023

Digital Artists Making Waves in 2023

September 24, 2023
Arbitrum Goerli Faucet – Get Arbitrum Testnet ETH in 3 Steps

Arbitrum Goerli Faucet – Get Arbitrum Testnet ETH in 3 Steps

February 14, 2023
Sudden Shibburn’s Twitter Account Suspension: What We Know

Sudden Shibburn’s Twitter Account Suspension: What We Know

June 24, 2023
Web3 Wallet Tracker – How to Create a Firebase Web3 Wallet Tracker

Web3 Wallet Tracker – How to Create a Firebase Web3 Wallet Tracker

January 1, 2023
Solana Python API – How to Use the Solana API in Python

Solana Python API – How to Use the Solana API in Python

January 25, 2023
Less than 50,000 blocks remaining

Less than 50,000 blocks remaining

May 16, 2023
EU Commits Over $800,000 To Forge Sustainable Asset Standards

EU Commits Over $800,000 To Forge Sustainable Asset Standards

September 29, 2023
What Historically Happens to Bitcoin During a US Government Shutdown?

What Historically Happens to Bitcoin During a US Government Shutdown?

September 29, 2023
Top Trader Who Nailed 2022 Bitcoin Bottom Says One Blue Chip Altcoin Signaling a ‘Breakout in the Making’

Top Trader Who Nailed 2022 Bitcoin Bottom Says One Blue Chip Altcoin Signaling a ‘Breakout in the Making’

September 29, 2023
OnlyEver’s NFT-Linked Boot Takes Strides at Milan Fashion Week

OnlyEver’s NFT-Linked Boot Takes Strides at Milan Fashion Week

September 29, 2023
TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

September 29, 2023
Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key

Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key

September 29, 2023
Why Web3 should fear quantum computing

Why Web3 should fear quantum computing

September 29, 2023
Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

September 29, 2023
Facebook Twitter Instagram Youtube RSS

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Blockchain Daily Report.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$27,003.001.90%
  • ethereumEthereum(ETH)$1,674.253.13%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$216.441.40%
  • rippleXRP(XRP)$0.547.05%
  • usd-coinUSDC(USDC)$1.000.15%
  • staked-etherLido Staked Ether(STETH)$1,674.113.06%
  • cardanoCardano(ADA)$0.2529312.79%
  • dogecoinDogecoin(DOGE)$0.0620461.90%