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Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’
31.8.2024
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted...
Quidax Becomes Nigeria’s First SEC Licensed Crypto Exchange
30.8.2024
PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange....
Nigerian Civil Society Groups Praise Crypto Tax Proposal
29.8.2024
A coalition of Nigerian civil society organizations has applauded the plan by Zacch Adedeji, head of the Federal Inland Revenue Service, to include cryptocurrencies in the tax system. The CSOs believe this move will boost confidence in the crypto market and attract foreign investors. The CSOs...
Binance CEO Calls Nigeria’s Detention of Tigran Gambaryan Unjust
28.8.2024
Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly detained in Nigeria for six months. Teng reiterated claims that Gambaryan’s physical and mental health has deteriorated significantly while in detention. The...
Calls to release Binance exec intensify after 6 months in Nigerian detention
27.8.2024
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February
Jailed Binance Exec's Nigeria Case to Be Heard a Month Early
27.8.2024
The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner
Former US Federal Agent Tigran Gambaryan Marks 6 Months in Nigerian Detention
27.8.2024
Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him unable to walk. Additionally, his lawyers said that...
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
26.8.2024
The wife of Tigran Gambaryan, the American Binance employee detained in Nigeria, released a new video statement on Monday pleading for his immediate release from prison
Concerns grow over Binance executive’s health during detention in Nigeria
26.8.2024
Tigran Gambaryan's family raises alarms over his deteriorating health conditions, alleging medical negligence during his six-month detention in Nigeria
Concerns grow over Binance executive’s health during detention in Nigeria
26.8.2024
Tigran Gambaryan's family raises alarms over his deteriorating health conditions, alleging medical negligence during his six-month detention in Nigeria
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....