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The International Monetary Fund, IMF explained that global crypto trading platforms should be registered or licensed in Nigeria and subject to regulatory requirements.
The Washington-based bank disclosed this in its latest staff report for Nigeria.
The bank warned against the risk of the rapid growth of foreign exchange (FX) trading platforms in Nigeria, which poses new challenges to the country’s financial stability.
The IMF backed Nigerian authorities in their restriction on cryptocurrency platforms in February 2024.
The United Nations General Assembly has enhanced Palestine's rights within the organisation and called for it to be accepted as a member. Palestine has had non-member observer state status since 2012, which allows some rights short of a full member. Membership can only be decided upon by the UN Security Council. The US would veto a bid for full membership in the council, but Friday's vote can be seen as […]
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