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eNaira and the state of crypto in Nigeria amid a financial cr

24 Feb 23

Nigeria tries to enforce cashless society with CBDC eNaira amidst financial disaster

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Nigeria, Africa’s most populous nation and largest economy, is currently facing a financial crisis that has underscored the importance of cryptocurrencies for its population of over 219 million. Despite the government’s launch of a central bank digital currency (CBDC), the eNaira, citizens have shown little interest and have instead turned to mainstream crypto assets, despite […]

29 Jan 23

South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023

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The Ministry of Justice in South Korea, through a Government Business Report released on Jan. 26, announced the primer of a ‘virtual currency tracking system’ to curb money laundering and recovery of proceeds of crime. Enforcement of the ‘virtual currency tracking system’ The ‘virtual currency tracking system’ will enhance the monitoring of digital transactions, retrieve […]