Report: Nigerian Crypto Restrictions and Twitter Ban Have 'Crippled Foreign Direct Investment in the Fintech Industry' – Emerging Markets Bitcoin News

Report: Nigerian Crypto Restrictions and Twitter Ban Have 'Crippled Foreign Direct Investment in the Fintech Industry'

A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.”A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced foreign direct investment that goes to the fintech industry.

“The restrictions on cryptocurrency transactions and the outright ban of Twitter in Nigeria have crippled foreign direct investment in the fin‑tech industry and negatively impacted millions of young Nigerians who earn a living from the sector,” the report concluded.However, an excerpt from the report published by Business Insider Africa suggested some Nigerian youths may have found ways to “lawfully bypass these restrictions and continue the business.” This fact is also backed by a Bitcoin.

which stated that peer-to-peer crypto trading in Nigeria had surged shortly after the central bank asked financial institutions to stop facilitating crypto-related transactions.opined that traders were “effectively denying Nigeria the taxes and transaction fees that would otherwise come into the system.”

Come on Nigeria

I'd like to know how many people there use usdt often

🔥Join and Invite friends ➡️ SHIBAINU_EVENT

Its real SHIBAINU_EVENT

Double your $shib 👉🌏 SHIBAINU_EVENT

SHIBA INU perfectly 🌠💯 Free Airdrop SHIB SHIBAINU_EVENT

Blame GodwinIEmefiele for having very poor knowledge of the economy

Limited time offer! SHIBAINU_EVENT

We will continue to trade nd invest in crypto no matter what they try n do. God bless Nigeria

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nigeria upgrades CBDC as crypto restrictions cripple fintech industryFor better or worse, Nigeria appears to be steering away from cryptocurrency. The country's central bank is moving ahead with plans to upgrade the country’s CBDC while maintaining harsh crypto restrictions that cripple the country’s fintech sector.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

Crypto market tumult continues as bitcoin slips below $30,000Bitcoin's price traded below $30,000 late Monday amid continued turbulence in the crypto market.
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »

Bitcoin's price is down over 50% from November all-time highs amid crypto market compressionBitcoin’s price is down over 50% from November all-time highs amid crypto market compression
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High – Market Updates Bitcoin NewsBitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. Ladeiraaaaaaaaaaaaaaaaaaaaaaaaaaaaa Increase the position and buy more than 100 times SHIBA INU perfectly 🌠💯 Free Airdrop SHIB SHIBAINU_EVENT
La source: BTCTN - 🏆 531. / 51 Lire la suite »