Updated: CBN stifles crypto space with crushing regulation

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Ali Yusuf, a 36-year-old Computer analyst felt he was losing out on the bullish run on the price of Ethereum, the second-largest cryptocurrency. The price had set another all-time high on Thursday, rising to over $1,600 and Yusuf would do anything to get in on the action. But he needed to deposit money in his wallet on the BINANCE exchange. On Friday he commenced a transfer of N20,000 through his bank Stanbic IBTC. But the transaction could not go through as the bank responded by telling him to try another recipient. “I abandoned the transaction after a third try and thought it was a network p…

Regulation and Society adoption

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