cryptocurrency

Turkey Probes 2nd Crypto Exchange As Market

Turkey Probes 2nd Crypto Exchange As Market Implodes

Turkey on Saturday detained the chief of one of the country’s biggest cryptocurrency firms as it intensified a manhunt for the founder of another exchange who fled to Albania.
This is coming following President Recep Tayyip Erdogan’s government plans to rein in the unregulated digital currency market.
According to reports, the volume of crypto purchases in the nation of 84 million people rose 10-fold between November and March as Turks sought ways to preserve their savings during a steady drop in the value of the lira currency.
Intrsetingly, the market began to unravel when the Istanbul-based Thodex exchange’s founder Faruk
Osinbajo Kicks Against Prohibition Of Cryptocurrency

Osinbajo Kicks Against Prohibition Of Cryptocurrency

Yemi Osinbajo, the Vice President of Nigeria has kicked against the prohibition of digital currency in Nigeria.

Osinbajo who called for the regulation of cryptocurrency in Nigeria said Cryptocurrencies in the coming years will challenge traditional banking in ways that cannot be imagined.

He said although he fully appreciates the strong position of the CBN, SEC and some of the anti-corruption agencies on the possible abuse of cryptocurrencies, he believes that their position should be the subject of further reflection.

Read Also: 2023: Osinbajo Under Pressure To Resign As VP – Bamgbose

He explained that the future of money …

How Cryptocurrency Drives Change For Nigerians

Nigerians make more bitcoin searches than any other country in the world and it can drive monumental changes within Nigeria and across Africa.

If you were told to think of the country with the most bitcoin related Google searches in the last year and also one of the bases of a renowned crypto exchange operating in 40 countries, you would probably picture Switzerland, the UK or maybe China. In fact, the country in question is Nigeria. Locals here make bitcoin searches the most frequently and host high-profile companies like Luno who offer a complete bitcoin experience.

The lure of cryptocurrency