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How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of…
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Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’

The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means…
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bank validation numberBitcoin.comCentral Bank of Nigeriacrypto exchangecryptocurrencyFintechFlutterwaveKYCnigeria cryptocurrencyNigeria Stock Exchangeregulationwealth transfer

Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’

The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means…
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"The Big Bitcoin Heist"99-page reportAMLBitcoinBitcoin.comBjörn GodenrathDecentralized ExchangeDeFiDEXFatfFATF guidanceFinancial Action Task ForceKYCNFTregulationRegulatory standardsThe FATFVAvaspVASPs

New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs

On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets….
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