Nigeria sets up a committee to study Bitcoin penetration
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Commission (NDIC) have set up a committee to investigate the growing trend of bitcoin use, according to the government-owned broadcasting station, the Voice of Nigeria. The news was revealed on Friday by NDIC Managing Director Alhaji Umaru Ibrahim at the 2016 Workshop for Financial Correspondents in Kaduna.
Nigeria’s Central Bank Calls For Digital Currency Regulation To Stop Illicit Trade
The Central Bank of Nigeria also [banned foreign currency deposit](http://www.reuters.com/article/2015/08/06/nigeria-currency-idUSL5N10H2C220150806) earlier this month in an attempt to stop illicit money traffickers in the country.
Stellar Makes Microfinance Push
Stellar, the cryptocurrency created to mirror the ideas behind Ripple but with an intention to make the initial distribution better, is entering the microfinance industry, with a partnership with Oradian, a core microfinance software company.
