#EmergingMarkets

BRICS Nations Launch Blockchain Currency: Pioneering a New Economic Landscape

Introduction: In a remarkable display of economic innovation, the BRICS nations—Brazil, Russia, India, China, and South Africa—joined by newer members such as Egypt, Ethiopia, Iran, and the United Arab Emirates, made a resounding statement on March 16, 2024. They unveiled an unprecedented initiative: a blockchain-based BRICS currency and payment system. This monumental move signifies a […]

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Nigeria Takes a Leap: From Crypto Crackdown to Cautious Regulation

In what can be described as a seismic shift, the Central Bank of Nigeria (CBN) has reversed its two-year-long ban on cryptocurrency transactions. This policy U-turn, marked by the December 22nd circular titled “Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPs),” reflects a recognition of the global embrace of cryptocurrencies and

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