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Nalezeno "Nigeria": 808

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

AI Curiosity Explodes: South Africa, Nigeria, and Kenya Embrace the Technology

25.8.2024
During the first half of 2024, Google Search trends revealed a significant rise in interest in artificial intelligence (AI) in South Africa, Nigeria, and Kenya. Interest in AI grew by 150% in Kenya, 130% in Nigeria, and 120% in South Africa compared to the same period in 2023. Kenya ranked fourth...

'Get Him Home': Binance CEO Urges Nigerian Government to Free Detained Exec

21.8.2024
Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February

Nigeria’s SEC Denies Issuing Provisional Crypto Licenses

21.8.2024
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and...

Nigeria’s SEC to License Crypto Issuers Amid Growing Adoption

20.8.2024
The Nigerian Securities and Exchange Commission (SEC) will grant licenses to virtual assets service providers such as cryptos…

Nigeria Plans to Introduce Crypto Licensing Process: Bloomberg

20.8.2024
The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month

Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul

20.8.2024
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS...

Nigeria Planning to Present Law to Tax Crypto by September: Report

19.8.2024
Nigeria's Federal Inland Revenue Service (FIRS) plans to bring a bill for taxing the crypto industry to parliament by September, news outlet Punch Nigeria reported on Saturday

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

Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review

18.8.2024
Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban....

Nigeria’s tax watchdog proposes comprehensive crypto

18.8.2024
The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset

Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order

16.8.2024
The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering...

Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country: Reports

16.8.2024
Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported

Nigeria Blocks Jailed Binance Executive Tigran Gambaryan’s Legal Team

15.8.2024
Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been blocked from visiting him, violating Nigerian...