The regulatory body that approved local cryptocurrency exchanges in Nigeria, enhancing the crypto sector.
Nigeria’s savers have money. YC-backed Rank wants to turn it into wealth.
Rank pools individual savings to create larger capital pools for investment opportunities. 38% of Nigerian adults are now saving formally, according to EFInA's 2023 survey.
UMB Bank Wins Approval to Serve Crypto Businesses in Ghana
UMB becomes the first bank in Ghana to receive joint approval for virtual accounts in the virtual asset sector. The approval allows UMB to open regulated banking channels for crypto and blockchain-linked firms.
Nigeria’s Market Regulator Adds Seven Crypto and Fintech Firms to Its Watch List
The SEC cleared seven fintech firms for provisional entry into its regulatory sandbox, ARIP. The firms include Bitbarter Technologies, Luno Fintech Nigeria, GetEquity, Koinkoin Global Network, Wrapped CBDC, Trovotech, and Blockvault Custodian.
Nigeria Central Bank Announces Pilot Program for Virtual Asset Service Providers
The CBN has launched a pilot program for Virtual Asset Service Providers (VASPs) to regulate digital assets. The pilot program will run for six to nine months and will test the operations of selected VASPs in a controlled environment.
What the National Fintech Regulatory Commission Bill means for innovation
The National Fintech Regulatory Commission Bill proposes a unified body to oversee all fintech activities in Nigeria. The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) currently provide strong regulatory support for fintech growth.
