Nigerian Central Bank Plans to Regulate Bitcoin
The use of bitcoin has been on the rise in Africa, prompting some governments and monetary authorities to consider cryptocurrency regulation. In particular, the Central Bank of Nigeria (CBN) is looking to propose a set of rules to protect consumers and investors of digital currencies. Just as in some parts of Asia and South America, a large part of the population in Nigeria is unbanked, leading to the popularity of alternative ways of moving funds around. Earlier this year, South African bitcoin exchange ICE3X has made cryptocurrency trading possible in Nigeria while Singapore-based BitX....
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