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Nigeria delays plans to regulate cryptocurrencies and dealers
By Emele Onu
Friday, February 12, 2021
Nigeria's Securities and Exchange Commission has suspended previously announced plans to regulate cryptocurrencies until those dealing in them are able to open bank accounts in the West African nation.
Last week the Central Bank of Nigeria ordered financial institutions to close accounts dealing in cryptocurrencies, saying the transactions posed risks to the economy, but those measures are now on hold.
... Dispatch continues below ...
Great Bear Provides Detailed New Sections
and Drills Near-Surface High-Grade Gold
at LP Fault: 13.38 g/t over 18.15 Meters
Monday, February 8, 2021
VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, president and CEO of Great Bear, said, "In this release we provide highly detailed individual assay level data from shallow drill holes on one cross section at three different scales. With tighter drilling we have observed the same exceptional gold zone continuity at 25-metre drill spacing, both along strike and vertically, as we previously observed at 100–200 metre spacing.
"By the end of 2021 we are planning to have completed approximately 100 drill sections similar to the one contained in this release, consisting of over 400 drill holes in total. All this drilling is within the same continuous gold zone along more than 4 kilometres of strike length, which remains open to extension in all directions, and is present from bedrock surface.” ...
... For the remainder of the announcement:
"For the purpose of admittance into the SEC regulatory incubation framework, the assessment of all persons and products affected by the CBN circular of Feb. 5, 2021, is hereby put on hold until such persons are able to operate bank accounts within the Nigerian banking system," the Abuja-based SEC said in an emailed statement. ...
... For the remainder of the report:
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