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Reactions To Nigeria s Cryptocurrency Ban %%page%% %%sep%% %%sitename%% - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Feb 15, 2021 An agreement between financial services company TMX Group and cryptocurrency broker Paycase Financial has resulted in a lawsuit between the two. The Central Bank of Nigeria (CBN) has said that its decision to ban cryptocurrency was necessary to prevent crimes and mitigate risks Several Nigerians have condemned the move and believe the ban has some political undertone beyond those stated reasonings The Senate of Nigeria has summoned the CBN governor to explain the decision to ban cryptocurrency.  In a move that sparked outrage on social media earlier this month, the CBN issued a reminder to regulated financial institutions in the country that a 2017 regulation prohibits them from dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges.

Reactions To Nigeria’s Cryptocurrency Ban – Bitcoin Magazine

BONGALOW LAUNCHES ONLINE MORTGAGE PLATFORM FOR AFRICA

Partner Share this article LAGOS – Dec 1, 2020 –  MyAwayHome, an online marketplace providing diaspora mortgage solutions for African immigrants living in the US and the UK seeking to acquire property in their home country, today announced a major rebranding to reflect the company’s evolution into an all-encompassing, Africa-focused, digital mortgage platform which also includes changing their name to Bongalow is designed in such a way that digitizes the entire mortgage process. The Company matches mortgage applicants with mortgage lenders most suited for them and creates a competitive environment amongst lenders seeking to lure applicants towards doing business with them. The Company’s approach creates a transparent process and ensures mortgage applicants secure the best terms.

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