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Stakeholders urge Nigeria to adopt compliance-focused crypto regulation
25.8.2024
While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes
Nigeria’s SEC issues first license to local crypto exchange
19.8.2024
As the regulatory environment continues to evolve, other local exchanges will likely follow Quidax’s lead and seek to meet the SEC’s requirements
Nigerian crypto wallets tied to protests evade government freeze efforts
15.8.2024
The discrepancies between the government’s claims and the blockchain data highlight a tense dynamic between digital finance and state authorities
Nigerian crypto community supports activist’s fight for rights
10.8.2024
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment
Nigerian activist battles for Bitcoin rights in major legal challenge
9.8.2024
The outcome of this case could have significant implications for the future of cryptocurrency in Nigeria
Nigerian crypto advocates push for regulatory reforms amid protests
1.8.2024
As the protest continues, whether crypto-specific demands will be integrated into the broader movement’s objectives remains to be seen
Nigerian crypto advocates push for regulatory reforms amid protests
1.8.2024
As the protest continues, whether crypto-specific demands will be integrated into the broader movement’s objectives remains to be seen
Nigerian crypto star out on bail following police detention
20.7.2024
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector
Nigerian crypto star out on bail following police detention
20.7.2024
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector
OKX's exit From Nigeria sparks criticism from crypto analysts
18.7.2024
OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money
KuCoin VAT charge raises concerns among Nigerian crypto community
3.7.2024
The approving authority behind this taxation remains unclear, whether it's the Nigerian government or an agency like the Federal Inland Revenue Service (FIRS)
Nigerian trader’s integrity restores trust in crypto
3.7.2024
The act of goodwill has gone viral on social media, restoring Nigerians’ trust in the crypto community
Nigerian crypto community raises alarm over Davido meme token
30.5.2024
Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny
Nigeria’s SEC-Crypto License
21.5.2024
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter...
Nigerian stakeholders demand Binance reveal identity of bribe agent
8.5.2024
SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing
Coinbase CEO Says No Access Block in Nigeria, Platform Operating Normally
24.2.2024
Coinbase CEO Brian Armstrong has dismissed reports of his cryptocurrency exchange being blocked by Nigerian authorities. He emphasized that Coinbase products are fully operational in Nigeria without any interruptions. “We have not received any outreach or communication from officials...
Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
17.1.2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering...
Nigerian Crypto Exchange Describes Deposit Suspension as ‘Industry-Standard Precautionary Measure’
19.12.2023
The Nigerian cryptocurrency exchange platform Bitmama recently said it has temporarily suspended deposits due to “ongoing third-party maintenance.” Bitmama said that while earlier media reports about its suspension of deposits are correct, they nevertheless “lack context,”...
Nigerian Crypto Firm Bitmama to Pay $1 Million for Startup That Raised $3 Million in February
8.12.2023
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $1 million. Reports of Payday’s acquisition come almost a year after the startup raised $3 million in a funding round. Bitmama’s Pivot From Crypto The Nigerian crypto platform...
Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders
24.10.2023
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June this year. A prominent Nigerian crypto enthusiast...