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Accordind to General Games Inspection, the rules of licensing are being changed in Mozambique. Previously, the interested company needed to go…

Developing story is that Binance, the world’s largest cryptocurrency exchange, is disabling all its Naira services from March 8 amid the company’s regulatory troubles in Nigeria, the company shared in a statement on its app.

Binance is at the center of a crypto crackdown in the West African country, will stop naira deposits after March 5, while withdrawals will end on March 8.
Any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT,” the exchange said in a statement on Tuesday. Binance will also delist all existing NGN spot trading pairs on March 7. The naira will be removed from the list of supported payment options on Binance Pay, the exchange’s payment solution.

The exchange’s decision comes amid Nigeria’s crackdown on the global crypto exchange. Last week, the office of the National Security Adviser (NSA) arrested two of the company’s executives after the pair flew into the country following a ban on the company’s website. Authorities have accused Binance of benefiting from “illegal transactions” and imposed a S 10 billion fine on the company, according to a presidential aide. The crypto exchange has denied knowledge of the fine.
Two weeks ago, Binance placed limits on peer-to -peer transactions trading the USDT/NGN pair. It was the second time in six months that the exchange placed restrictions on trading as the cryptocurrency exchange disabled the ‘sell’ feature and limited Nigerian users’ buy option to a price of ₦1802.

The company’s struggles come after the Central Bank reversed its stance on crypto companies last year. At the time, the move was viewed as a positive posture towards digital currency assets but recent moves by regulators have called that outlook into question.

 For the longest time Africa has been having industry affiliated events being organized in the region by Eventus international, it…

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.In the ever-evolving…

In a landmark move towards addressing the dire water scarcity plaguing the Kako Community in Makueni County, Shabiki.com, has launched…

In a collaborative effort to make a lasting difference, Odibets, in conjunction with the Betting Control & Licence Board (BCLB),…

Sports betting and other forms of gambling are becoming a phenomenon across Africa. Betting over which sports team might win has become…

Samuel Mutama is the new winner in town.

1. What makes you go to London?To keep abreast of the latest trends in the gaming Industry across the globe.Also…