Chairman FIRS extols Digital Currency as the new Gold

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has described the digital space as the new gold in revenue generation in the country. Fowler said this in his opening remarks at the third annual Nigeria Tax Research Network conference which held at the FIRS Training School in Durumi, Abuja. The conference is themed:[...]

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Bitcoin Crashes, Experts scramble for What Next

Bitcoin (BTC) has crashed. No one really knows why but in my model we should be in for “good” news on the China trade war or some such China-related information that is strong for the Chinese currency. Way back before this year’s rally, I stated there is another way of looking at this price action.[...]

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Digital Currency endeavor of China can make Country become strongest World Power, Here’s How

China’s proposed digital currency could trigger global use of the yuan, according to the CEO of American cryptocurrency financial services firm Circle. The People’s Bank of China (PBOC) last month announced that it’s close to launching its own digital currency, saying that the rationale behind the move is to “protect” its foreign exchange sovereignty. China’s[...]

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Federal Government promises digital identification in 5years

The Federal Government has declared its determination to provide a lifelong unique identification for every individual physically residing in Nigeria and Nigerians in the Diaspora within the next five years. How new digital identity ecosystem will facilitate biometric data(Opens in a new browser tab) Director-General of the National Identity Management Commission (NIMC), Engr. Aliyu Aziz,[...]

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JPMorgan creates own Digital Token

JPMorgan has created a digital token, the JPM Coin, that will be used to instantly settle transactions between the bank's wholesale payments business clients, according to CNBC. The bank will begin trials in the coming months, using JPM Coin for a "tiny" fraction of the $6 trillion it moves for corporations every day. While the[...]

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