National Bank of Georgia to Regulate Country’s Crypto Sector

National Bank of Georgia to Regulate Country’s Crypto Sector

The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s […]

Report: Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions

Report: Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions

The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to one of the affected institutions, the central bank is using a certain “advanced ability” to detect crypto transactions. Lenders Unable to Detect Crypto Transactions The Central Bank of […]