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A closer look at Bitcoin transactions suggests ordinary Russians are the ones buying more cryptocurrency, hoping to hang onto savings as the ruble’s value plummets.
Evidence shows that Russian crypto transactions have been increasing in both number and value, the scale suggests buyers are ordinary Russians.
P2P trading volume of bitcoin in Nigeria has increased by 15% year-over-year, despite a ban on crypto enforced by the Nigerian Central Bank.
It may be good for the CBN to take another look at the ban Vice President Yemi Osinbajo last Friday joined his voice to that of other stakeholders that have been campaigning against the prohibition of cryptocurrency operations in the country, arguing that “we must act with knowledge and not fear.” in a keynote address at a one-day economic summit in which the Central Bank of Nigeria (CBN) was one of the organisers, Osinbajo tasked both the apex bank and the Security and Exchange Commission (SEC) to provide a robust regulatory regime that addresses genuine concerns about the use of cryptoc...