Nigeria
Nigeria Crypto News: SEC to License Exchanges
Nigeria to license crypto exchanges amid a surge in crypto adoption. The government seeks to balance innovation and investor protection. The crypto community welcomes the…
Nigeria Crypto Tax: New Regulations Coming in 2024
The FIRS of Nigeria seeks support from the National Assembly to launch a new crypto regulatory bill. The proposed bill intends to bring enhancements to…
Binance Executive’s Detention in Nigeria: A Case of Extortion or Justice?
US Reps. McCormick and Hill push for Tigran Gambaryan’s extradition. Hill cites Gambaryan’s deteriorating health and urges swift action. Gambaryan’s wife, Yuki, launched a petition…
Nigeria vs. Binance: Court Hearing Highlights Unlicensed Operation, Money Laundering Charges
Nigerian Central Bank accuses Binance of operating as an exchange without license. Binance executive faces money laundering charges but is released due to health concerns.…
Nigeria Drops Binance Tax Charges, Laundering Case Remains
Nigeria drops tax charges against Binance executives. Executives investigated for a $26 billion transfer. Money laundering case against Binance remains active. The Nigerian Federal Inland…
Central Bank of Nigeria’s Crypto Crackdown Intensifies with New Forex Rules
The CBN has imposed new regulations on Bureau de Change (BDC) operators. Capital requirements for BDC operators have been increased. The BDC Operators Union has…
Binance Tax Case in Nigeria Adjourned, Bribery Claims Emerge
Nigerian court postpones tax evasion trial of Binance Binance executives accused of facilitating illicit flows, face laundering charges Binance CEO alleges bribery demands by Nigerian…
Nigeria vs Binance: Lawmaker Denies $140M Bribery Claim
Nigeria’s Financial Crimes Committee Chairman Ginger Onwusibe dismisses Binance’s $140 million bribery claims Onwusibe refutes the claims, calling them false, fabricated, and an attempt to…
CBN Denies Mandating Banks to Freeze Crypto Exchange Accounts
The CBN denied reports stating that it froze accounts related to unlicensed crypto firms. The regulator said that it wasn’t responsible for issuing the circular.…
Nigeria’s Central Bank to Freeze Bybit, KuCoin, OKX, Binance Accounts
CBN instructs banks to identify and freeze accounts involved in crypto transactions. Regulated financial institutions are banned from accepting cryptocurrency payments. The government scrutinizes platforms…
