In a significant policy pivot, Nigeria’s Securities and Exchange Commission (SEC) has declared it is open to stablecoin businesses, but only under a framework of strict regulatory oversight. The announcement, made by SEC Director-General Emomotimi Agama at the Nigeria Stablecoin Summit in Lagos on July 11, 2025, signals a deliberate shift from enforcement-heavy actions toward a model of regulated innovation, aiming to position Nigeria as a digital currency hub in Africa while safeguarding its financial markets.
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1 posts last weekCrypto Adoption Soars in Ukraine, Nigeria, Vietnam: Bybit Report
A new report from crypto exchange Bybit reveals a powerful global trend: cryptocurrency adoption is accelerating most rapidly in nations where traditional financial systems are failing. The 2025 rankings highlight Ukraine, Nigeria, and Vietnam as leaders in necessity-driven growth, with stablecoins emerging as the world’s most widely used digital asset. This shift underscores how crypto has evolved from speculative investment to an essential tool for financial survival and inclusion in challenging economic environments.
about Crypto Adoption Soars in Ukraine, Nigeria, Vietnam: Bybit ReportNigeria’s Top Crypto-to-Cash App: Breet Review
Nigeria stands as one of Africa’s largest cryptocurrency markets with rapidly growing adoption. Breet has emerged as a leading OTC crypto-to-cash application, offering Nigerians seamless conversion of digital assets to Naira. This review explores why Breet has become the preferred choice for local crypto users seeking reliable, fast, and secure transactions in a market hungry for trustworthy crypto infrastructure.
about Nigeria's Top Crypto-to-Cash App: Breet ReviewTaiwan Tightens Chip Export Controls on Huawei, SMIC
Taiwan has added Huawei and SMIC to its Strategic High-Tech Commodities Entity List, requiring government approval for exports to these firms. This decision disrupts China’s semiconductor self-sufficiency efforts and aligns with US sanctions. The restrictions also affect crypto mining, as high-performance ASIC chips—critical for Bitcoin mining—are now harder for Chinese firms to obtain. The geopolitical tensions between Taiwan, China, and the US underscore the strategic importance of semiconductor dominance in both tech and emerging industries like AI and blockchain.
about Taiwan Tightens Chip Export Controls on Huawei, SMICMiddle East Tensions: Historical Conflicts & Nationalism
The text discusses how historical conflicts, like Saddam Hussein’s 1980 attack on Iran, were driven by misjudgments and nationalism, leading to prolonged instability. It draws parallels to current tensions, where alliances and perceptions of power still influence regional dynamics. The Iraq-Iran War serves as a cautionary tale about the consequences of underestimating political resilience in the Middle East.
about Middle East Tensions: Historical Conflicts & NationalismNigeria Adjourns Binance Tax Case to April 30
A court in Abuja has postponed Nigeria’s tax evasion case against Binance to April 30, following legal disputes over service of documents. Binance, incorporated in the Cayman Islands, argues Nigeria’s Federal Inland Revenue Service (FIRS) lacked proper authorization to serve legal papers internationally. The Nigerian government claims Binance’s operations caused economic harm, including Naira devaluation, and seeks $2 billion in back taxes and $79.5 billion in damages. Authorities allege the platform facilitated capital flight via P2P trading during currency volatility. The case is part of Nigeria’s broader crypto crackdown, which previously led to the detention of two Binance executives—one released after bribery allegations, the other escaping custody.
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