The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […]
Recent data reveals that so-called ‘sleeping bitcoin’ wallets, established from 2010 to 2017, transacted about 659.14 bitcoins, valued at approximately $ 28.26 million, during the initial fortnight of this year. A significant portion of this activity originated from wallets created in 2017, with 167.3812 bitcoins being moved from that period. Old ‘Sleeping Bitcoin’ Wallets …