Difference between Buying Crypto CFD and Buying Crypto

Cryptocurrencies remain one of the most exciting assets that online traders will ever have. The industry is slightly above a decade old, and there are thousands of crypto-millionaires already. Anyone can get filthy rich through cryptocurrency investments, although it still comes with a host of risks. Volatility is a significant drawback in the crypto world and why many people have remained skeptical about cryptocurrencies for a long time. Most people are afraid of holding crypto coins due to price volatility…

Kyrgyzstan Central Bank Set To Regulate Crypto Exchanges

Asian nation Kyrgyzstan is set to license cryptocurrency exchanges operating within the country. According to authorities, this move is to prevent fraudulent activities as the popularity of Bitcoin grows in the country.  Impending Crypto Regulation Tolbunbek Abdygulov, the Chairman of the National Bank of Kyrgyzstan (NBKR), revealed this development on Friday. According to Abdygulov, the Apex bank wants to regulate crypto exchanges and offer licenses to approved platforms. "We plan to grant a license to cryptocurrency exchange operators to buy…

Nigeria’s Central Bank Bans Banks From Serving Crypto Traders and Exchanges

A few months after news of an upcoming regulatory framework for cryptocurrencies in Nigeria, crypto traders in the country have been faced with shocking news from the Central Bank of Nigeria (CBN). The apex bank has ordered financial institutions in Nigeria to stop offering banking services to crypto exchanges and other related businesses.  In a circular issued by the CBN on Friday, February 5th, 2021, the regulator demanded that all Deposit Money Banks(DMBs), Non-Financial Institutions (NBFIs), and Other Financial Institutions…