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CoinDCX Acquires BitOasis to Enter MENA - India’s CoinDCX acquires Dubai’s BitOasis, marking its first step into the MENA region and international expansion. In an effort to expand its presence in the Middle East and North Africa region, CoinDCX, the largest cryptocurrency exchange in India, has acquired BitOasis, a cryptocurrency exchange situated in Dubai. This represents the cryptocurrency exchange’s initial phase in its international expansion plans. CoinDCX previously invested in BitOasis on a strategic level in August of past year. According to a press release issued on July 3, BitOasis, a prominent virtual asset trading platform, has been acquired by the crypto exchange CoinDCX. The brand and […] https://lnkd.in/dQ4YuZbP

HTX crypto exchange receives provisional approval for a license in UAE #HTXexchange #cryptoexchange #approval #UAE #cryptotrading #VARA i #stablecoins HTX Virtual Assets Regulatory Authority [VARA]

Nigeria’s Cryptocurrency P2P market is Predicted to Reach $500 Billion Amidst Regulatory Crackdown In a recent revelation, Nigeria’s Cryptocurrency P2P market is predicted to be worth around billions of dollars amidst Regulatory Crackdown by the government. This was revealed by Ray Youssef, the Chief Executive Officer of Nigeria’s prominent cryptocurrency platform, Noones, who disclosed that peer-to-peer (P2P) transactions in the country alone may amount to approximately $500 billion. Youssef’s revelation comes amidst mounting regulatory pressure on cryptocurrency activities in Nigeria. Read more👇🏼 #nigeriap2p #cryptocurrency #rayyoussef #cbn

Tether to launch dirham-pegged stablecoin in UAE The following move aligns with the UAE’s ambition to become a global crypto hub, supported by progressive regulations and the adoption of cryptocurrency payments in sectors like real estate.

Tether.io's collaboration with Phoenix Group to launch a stablecoin tied to the UAE Dirham (AED) highlights the growing influence of stablecoins in global finance. In our recent article, we explore the critical role of stablecoins like USDT and USDC in the crypto ecosystem. Dive deeper into how they’re reshaping markets. https://bit.ly/3Mdzkth https://lnkd.in/dDbdEqeq #Stablecoins #USDT #Crypto #DeFi #Blockchain #DigitalAssets #UAE

The Nigerian Securities and Exchange Commission (SEC) has granted provisional licenses or “Approval-in-Principle” to two cryptocurrency exchanges — Quidax and Busha — as part of its accelerated regulatory incubation program (ARIP). The ARIP was created in June 2024 to onboard firms which had commenced operations prior to the release of the rules on virtual asset service Providers in May 2022. This means that Quidax and Busha are now part of an ARIP cohort as digital asset exchanges. The cohort also comprises four digital asset offering platforms While Busha runs a digital exchange that allows consumers in Nigeria and other developing nations to trade cryptocurrency for fiat currency, Quidax Technologies Limited operates a cryptocurrency trading platform in Nigeria that uses blockchain technology to list and trade existing crypto tokens. According to a statement released by SEC on Friday, the approvals-in-principle are a precursor to the its award of full registration. It also underscored the companies' legal standing as crypto trading platforms in Nigeria. The Commission further explained that only approved digital exchanges and platforms are legally authorised to carry out the business of crypto trading in any form in Nigeria. Advisors: ALN Nigeria | Aluko & Oyebode for Quidax.

Cryptocurrency Peer-to-Peer Trading Valued at $500 Billion in Nigeria“`html NoOnes, a prominent cryptocurrency platform in Nigeria, led by CEO Ray Youssef, has indicated that the peer-to-peer (P2P) market in the nation might represent a staggering $500 billion industry. During an interview with Techpoint Africa, prompted by looming regulations impacting cryptocurrencies, Youssef mentioned the significance of P2P transactions, saying, “Nigeria’s P2P market could very well be worth up to half a trillion dollars. The reality is, the official figures show about $59 billion per annum circulating through centralized exchanges — those numbers being traceable on the blockchain. That sum is probably a vanishingly small fraction compared to the true... https://lnkd.in/duSE9a36 #billion #cbn #crypto #Cryptocurrency #Nigeria #P2P #Peer_to_Peer #PeerToPeer #Trading #Valued

The Middle East and North Africa region has emerged as the seventh-largest cryptocurrency market as retail and institutional adoption continue to expand MENA secured the seventh position by receiving $338.7 billion in cryptocurrencies between July 2023 and June 2024, as per a Chainalysis report. This represented 7.5% of the global on-chain value. The region is […] #Crypto #market #MENA

#Bitstamp, a well-established cryptocurrency exchange, is set to enter the #Singapore market and compete with other exchanges in the region. #CryptoCommunity #Crypto #Nextincrypto #Bitcoin #Ethereum #Cryptonews #Blockchain #nft #Altcoin #DeFi #CryptoArt https://lnkd.in/gn8nFw7h

Crypto: Peer-to-peer trading is worth $500bn in Nigeria - Cryptocurrency expert: The aftermath of the ban was the discovery by CBN that crypto traders use peer-to-peer trading to manipulate the naira via a pump-and-dump strategy.