Digital Currencies Get Support From Nigerian Presidential Hopeful

Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space. Digital Currencies Create Opportunities for the Youth One of Nigeria’s presidential aspirants, Bukola Saraki, was recently quoted saying he supports digital currencies and that he does not think they will wreck the economy. The presidential hopeful nevertheless suggested that there must be....

The party of the Nigerian presidential hopeful Asiwaju Bola Tinubu has promised to set up an advisory committee to review regulations that govern blockchain and virtual asset services if it wins in the upcoming elections. The All Progressives Congress also said it “will work with the Central Bank and the financial sector to carefully review and better optimise the exchange rate regime.” A ‘Business-Friendly Regulatory Framework’ In its recently unveiled manifesto, Nigerian presidential aspirant Asiwaju Bola Tinubu’s party — the All Progressives Congress (APC) — said....

A Nigerian presidential election candidate, Peter Obi, has said the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said if elected, his government will create an enabling environment for other startups to similarly thrive and succeed. Two-Tier Exchange Rate Regime Attacked A candidate in Nigeria’s upcoming presidential elections, Peter Obi, has said the local currency’s official exchange....

US presidential candidate Rick Perry has stated he supports "regulatory breathing room" for digital currencies such as bitcoin. The comments came during a new interview with The New York Observer that found Perry elaborating on issues that could form the core of his fiscal policy. In the interview, Perry roundly denounced perceived issues in the financial system, stating: "Wall Street should not be left off the hook for their bad behavior ... instead of them being punished, it was the average American who paid the tremendous price. The fact of the matter is, to be quite frank: we got....

The head of a major far-right political party in France has called for ending the use of bitcoin and other digital currencies in the European country. In a note published last last month, Marine Le Pen, leader of the National Front and its expected candidate in the 2017 French presidential election, accused world leaders of seeking to create a world with no cash and positioned bitcoin as an effort fueled by Wall Street power brokers. Le Pen wrote: "The powerful business lobby Wall Street banks (JP Morgan, Goldman Sachs) relayed by the World Economic Forum in Davos in 2016, sold two....