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Bitcoin trading in Nigeria has soared to over $1 million a week. This huge trading volume has been verified by independent sources including LocalBitcoins reveals the huge scale of Bitcoin use in the country amid significant development over the last year with various payment processors integrating the cryptocoins into their existing services. Increasing use by importers […]
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The central bank of Nigeria has officially outlawed digital currency as financial institutions especially banks. This comes after a warning by the SEC to the public on precautions to take if dealing with these currencies while reiterating how virtual currencies remain unregulated and should be avoided. Citing reasons such as money laundering being the main […]
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