Nigeria
Binance Executive Walks Free as Nigeria Drops Money Laundering Charges
Nigeria withdrew money laundering charges against Binance's Tigran Gambaryan after U.S. diplomatic pressure and legal agreements. Tigran Gambaryan was released following unsuccessful bail attempts due…
Nigerians Turn to Bitcoin as Naira Collapses
Naira's decline drives Nigerians to Bitcoin to protect their wealth. High taxes, borrowing costs, and capital flight increase Nigeria's economic challenges. Bitcoin’s value and decentralization…
Binance Executive’s Bail Denied a Second Time in Nigeria
Nigerian court denies Binance exec’s bail, citing abuse of process. EFCC challenges claims about Tigran Gambaryan’s health, and says Nigerian hospitals can treat him. Gambaryan…
Stablecoins Propel Nigeria to 2nd Place in Crypto Adoption
Nigeria ranks second globally in crypto adoption, driven by inflation hedging and business payments. Stablecoins account for 43% of Sub-Saharan Africa’s total crypto transaction volume.…
Behind Bars in Nigeria: The Story of a Binance Executive’s Ordeal
Binance CEO asserts that the exchange is working relentlessly to release Gambaryan from Nigerian custody. Richard Teng states that Gambaryan is treated unfairly and unjustly…
Nigerian SEC to Crack Down on Unregulated Crypto Exchanges
Nigeria SEC is focused on protecting investors participating in the crypto sector. The SEC recently gave in-principle approvals to two crypto exchanges. The agency will…
Binance Exec’s Detention Prolonged, Bail Ruling Postponed
Nigerian court delays Gambaryan's bail as legal disputes and health concerns persist. Gambaryan's detention raises tensions with U.S. lawmakers urging Biden's intervention. Binance claims Nigerian…
Binance vs Nigeria: CEO Disputes Claims, Highlights Naira’s Fall
Binance CEO rejects the Nigerian government’s allegations against the exchange. Richard Teng criticizes Nigeria’s lack of concern for Gambaryan despite his severe health conditions. Teng…
Binance’s Nigeria Nightmare: Fast-Tracked Trial, Ailing Exec
The Nigerian court has preponed the hearing of Binance and its two executives. The hearing was originally scheduled for October 11 but now reset for…
Nigeria to Tax Crypto Transactions, Binance Under Scrutiny
Nigeria's FIRS targets crypto transactions with a new taxation framework in 2023. Binance faces scrutiny in Nigeria for alleged $20B untaxed turnover and tax violations.…
