The U.S government alleges that Onwuemerie Ogor Gift and Kelvin Usifoh generated at least 50BTC (approximately $400,000) from a fraudulent scheme between December 2017 and June 2018.
All you need to know about how African nations are regulating cryptocurrencies. Learn how Nigeria, Namibia, Kenya, South Africa and Zimbabwe is regulating cryptocurrency and blockchain technology.
Blockchain and cryptocurrency experts in Nigeria has continued their call for regulation of the emerging industry. In a recent meeting organized by crypto exchange, Luno, the enthusiasts reflected mostly on what has been a fruitful beginning for the African crypto industry and looked forward to what is needed to enlarge the coast.
Atiku Abubakar, former vice-president of Nigeria, has stated that if he eventually wins the 2019 presidential election he is to create regulations that will make blockchain technology and cryptocurrencies thrive in the African region
Just like many nations around the world, the central government of Nigeria and the country’s premier bank have not enforced any regulation for the new industry.
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