Another week has passed and developments in the Binance-Wazirx controversy continue, the Nigerian Financial and Currency Crimes Commission (EFCC) says it has identified individuals fueling naira depreciation, Shark Tank star , Kevin O’Leary, Says Crypto ‘Desperately Wants Hedging’ and Nepal’s Federal Government Prepares Its Personal Digital Forex for Trouble. The weekend is here, and it’s time for the Bitcoin.com News Week to assess.
Binance CEO Warns “We May Disable Wazirx Wallets” – Advises Traders to Transfer Funds to Binance
Binance CEO Changpeng Zhao (CZ) has warned that his company may “disable Wazirx wallets on a tech scene”, advising anyone with funds on the Indian crypto alternative to transfer them to Binance. The warning followed several tweets from CZ and the founder of Wazirx regarding whether or not Binance would acquire Wazirx.
Report: Nigerian Anti-Graft Physics Pinpoints People Fueling Rapid Naira Depreciation
The Nigerian Financial and Currency Crimes Commission (EFCC) recently claimed to have identified individuals and organizations whose rapid accumulation of US dollars has recently accelerated the depreciation of the local forex, according to a report. According to Abdulrasheed Bawa, the chairman of the EFCC, his group is currently pursuing international forex speculators in Kano, Lagos, Port Harcourt, Enugu and Calabar.
Shark Tank Star Kevin O’Leary Buys Bitcoin Dip – Says Crypto ‘Desperate for Cover’
Shark Tank star Kevin O’Leary aka Mr. Great says he’s been buying the dip throughout the current cryptocurrency market selloff. He added, “Now crypto itself desperately wants cover. He wants regulation.
Nepal prepares to deal with digital foreign money and drafts crucial amendments
A process engine in Nepal has come up with authorized changes that allow the country’s central financial institution to challenge its own digital forex. The transfer comes after a study has indicated that such an initiative is possible and is accompanied by certain provisions which will authorize the regulator to proceed with its realization.
What are your thoughts on this week’s stories? Does Crypto Want Regulation Like O’Leary Says? Tell us in the comments section below.
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