The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, th...
Tag: Ethiopian
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions – Africa Bitcoin News
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restric...
Ethiopian Crypto Providers Will Now Need To Register With CyberSecurity Agency
Cryptocurrency service providers that are operating in Ethiopia have been instructed to register with the nation’s cybersecurity agency. The cybersecurity agency is called the Information Network Secu...
Ethiopian Crypto Providers to Register With Cybersecurity Agency
Cryptocurrency service providers operating in Ethiopia have been ordered to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), according ...
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions – Regulation Bitcoin News
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency...
Ethiopian Central Bank Warns that Trade With Crypto is Illegal
The National Bank of Ethiopia (NBE) clarified in a recent statement that it is still “illegal” to transact using Bitcoin or other cryptocurrencies. Citizens are encouraged to continue trading using th...