Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and it’s time for the Bitcoin.com News Week in Review.
Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance
Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning followed numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx.
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Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s Rapid Depreciation
Nigeria’s Economic and Financial Crimes Commission (EFCC) recently claimed it had identified individuals and organizations whose rapid accumulation of U.S. dollars recently accelerated the depreciation of the local currency, a report said. Abdulrasheed Bawa is the chairman of EFCC and claims that his group is currently targeting foreign currency speculators at Kano, Lagos Port Harcourt Enugu and Calabar.
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Shark Tank Star Kevin O’Leary Buys the Bitcoin Dip — Says Crypto ‘Desperately Needs Policy’
Shark Tank star Kevin O’Leary, aka Mr. Fantastic claims he bought the bitcoin dip in the cryptocurrency market’s recent sell-off. He added: “Now crypto itself desperately needs policy. It needs regulation.”
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Nepal Plans to Issue Digital Currency.
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. This is a result of a study that found that the initiative was feasible. The task force recommended specific provisions to allow regulators to implement it.
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What are your thoughts on this week’s stories? Does crypto need regulation as O’Leary insists? Comment below.
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