Another week has passed and the Binance-Wazirx controversy continues to progress. Nigeria’s Economic and Financial Crimes Commission (EFCC) claims to have identified the individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs a policy,” and the Nepalese government is preparing to issue its own digital currency. The weekend is here and it’s time for the Bitcoin.com Newsweek in Review.
Binance CEO Warns ‘You Can Disable Wazirx Wallet’ – Advises Investors to Move Funds to Binance
Binance CEO Changpeng Zhao (CZ) has warned that the company “can disable Wazirx wallets on a technical level” and advised those with funds on the Indian crypto exchange to transfer them to Binance. The warning came after numerous tweets by CZ and Wazirx’s founder regarding whether Binance had acquired Wazirx.
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Report Nigeria’s Anti-Graft Agency Identifies Individuals Fueling Naira’s Rapid Fall
Nigeria’s Economic and Financial Crimes Commission (EFCC) recently claimed to have identified individuals and organizations that have accelerated the depreciation of the local currency through the rapid accumulation of the U.S. dollar, according to EFCC Chairman Abdulrasheed Bawa, who said his organization is currently working to identify individuals and organizations in Kano, Lagos, the Port Harcourt, Enugu, and Calabar, and that they are going after foreign currency speculators.
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Shark Tank Star Kevin O’Leary Buys Bitcoin Fall – Says Crypto ‘in dire need of policy’
{47 star Kevin O’Leary, aka Mr. Wonderful, said he bought the dip during the recent cryptocurrency market sell-off. He said, “Right now, crypto itself desperately needs policy. It needs regulation.”
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Nepal Prepares to Issue Digital Currency, Proposes Necessary Amendments
A task force in Nepal that would allow the country’s central bank to issue its own digital currency proposed amendments to the law. The move follows a study that showed such a concept was feasible and recommended specific provisions that would allow regulators to proceed with its implementation.
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