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CRYPTO REGULATION

The President of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), Mr. Obinna Iwuno, has said that Nigeria has set the pace for crypto regulation in Africa with the recent licensing of Quidax and Busha crypto exchanges by the country’s Securities and Exchange Commission (SEC). 
KuCoin's 7.5% VAT on Nigerian crypto transactions, effective July 8, 2024, ignites backlash amid calls for cohesive regulatory policies.
US Authorities Has Clamped Down On 7 Crypto Entities in the Space of Two Years over compliance and crime related activities.
The European Union has approved the world's first comprehensive regulation on cryptocurrencies, known as the Markets in Crypto Assets (MiCA) Act.
Here is a compilation of this week’s notable happenings in the Nigeria macro-economic space, markets, regulators as well as other world economies.