How Iran plans to use Cryptocurrencies to circumvent US sanctions

The Story so far Iran has been known to consistently struggle with segregation from global payment systems, limitations on its nuclear programme and oil export, due to the United States sanctions over the years. The situation worsened recently after the re-imposed U.S. sanctions forced Iran to engage in traditional banking. SWIFT banned major Iranian banks [...]

Cryptocurrencies: How different Countries regulate them

 Cryptocurrencies  are digital assets designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Terms such as digital currency, and virtual currency are used in place of crypto currency. As the numbers of persons involved in cryptocurrencies [...]

Social Media Tax: Why Nigeria should not Follow the Ugandan Example

The Uganda Government introduced a social media tax targeted at the use of Over The Top services (OTT). OTT provides voice and messaging over the internet. The social media tax came into effect on major social media services including Facebook, Twitter, Skype, Tinder and WhatsApp. Every citizen is required to pay a tax charge of [...]

How Some Countries Tax Bitcoin

Introduction “In this world nothing can be said to be certain, except death and taxes”Benjamin Franklin Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units and verify the transfer of assets. The ‘coin’ carries value which can [...]

Online Dispute Resolution (ODR) in Nigeria: Intricacies, Challenges and Prospects

Online Dispute Resolution (ODR) is a fast rising class of alternative dispute resolution that is taking advantage of the escalation of internet usage and its availability. It is a form of dispute resolution process that caters for dispute resolution via the internet or some virtual form of communication that allows dispute resolution without the presence of both parties in a dispute in the same location.

Why Bitcoin Price is Crashing

Bitcoin     Flashback to 2009 when the Bitcoin was launched by an individual or a group known under the pseudonym “Satoshi Nakamoto”. It was the first cryptocurrency to capture the public imagination. As at May 2018, there were over 17 million bitcoins in circulation with a total market value of $140 billion. Today, the total [...]

Crypto Enthusiasts: KubitX to the Rescue

    “Gee, what’s up? I have 0.4 bitcoin ready for market. Got any interested clients? ” “Eeyahh! I just outsourced same request from a client to another friend since I couldn’t meet up with the demand. So far you agree to my 5% commission, I’ll get you a buyer within a week”   That’s [...]