The five-time Ballon D’Or winner, Cristiano Ronaldo, became the first footballer to be paid with cryptocurrency when his Italian Serie A side, Juventus gave him 770 Fan Tokens JUV. The Portuguese superstar received the token for his record-breaking goal milestone. Ronaldo surpassed Brazilian legend Pele to become the second-highest goalscorer in history and the highest
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Vice-President Yemi Osinbajo on Friday faulted the decision of the Central Bank of Nigeria to prohibit deposit money banks, non-banking institutions and other financial institutions from facilitating trading and dealings in cryptocurrency. Osinbajo said the monetary authorities should rethink their stand on the issue. According to a statement by his Senior Special Assistant on Media
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The Senate on Thursday, summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, and Director General of the Security and Exchange Commission, Lamido Yuguda, over the decision of the CBN to ban the use of cryptocurrency in the country. The decision was taken following a motion by Senator Istifanus Gyang and Tokunbo Abiru, titled,
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The Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist from transacting in Cryptocurrencies. In a statement on Sunday, Osita Nwanisobi, Acting Director, Corporate Communications, clarified that the CBN circular of February 5, 2021 did not place any new restrictions on cryptocurrencies. He recalled that
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