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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
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...
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 state plans to tokenize real estate, boost revenue
14.8.2024
The tokenization of real estate in Lagos State has the potential to transform the property market, making it more accessible to a wider range of investors
OKX to Halt Operations in Nigeria Due to New Laws
12.8.2024
OKX crypto exchange will stop providing its services in Nigeria on August 16, 2024. This decision was made…
Binance Exec Tigran Gambaryan Denied Care in Nigerian Detention
12.8.2024
Tigran Gambaryan, a Binance executive, is also said to have been denied access to a lawyer and health…
Tigran Gambaryan's health worsens, surgery now required
12.8.2024
Gambaryan has been detained in Nigeria since February 2024 and has suffered numerous chronic health conditions during that time
Gambaryan Family Says Binance Executive Is Being Denied Access to Lawyers, Health Is Deteriorating
12.8.2024
American Binance executive Tigran Gambaryan, who is detained in Nigeria, is being "denied adequate access to his legal team and his health is deteriorating rapidly," his family said in an emailed statement