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Binance exec trial will resume July 5 as family reports health problems
3.7.2024
Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering
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)
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
2.7.2024
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed
Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation
1.7.2024
Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures. The blockchain and crypto industry is still...
ECOWAS urged to adopt crypto rules like Europe’s MiCA
30.6.2024
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity
Nigeria’s Naira Rated Worst-Performing Currency in H1 of 2024; Kenyan Shilling Named Best Performer
30.6.2024
In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it as the best performer. The depreciation of the Nigerian naira was primarily driven by U.S. dollar...
‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
29.6.2024
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks...
Nigerian official advocates blockchain, AI against illicit financial flows
29.6.2024
The financial watchdog chair said that these funds could significantly enhance infrastructure, healthcare, and education across the continent if recovered
Nigeria’s SEC boss says crypto can aid 38M unbanked
28.6.2024
Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home
Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigerian Web3 Industry
28.6.2024
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued...
Nigerian blockchain group calls for fair resolution in Binance case
27.6.2024
BICCoN believes that a balanced approach can help resolve the current challenges, and empower Nigeria to create a supportive environment for the blockchain industry to thrive
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities
23.6.2024
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into...
Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare
22.6.2024
A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such...
US Lawmaker Urges Nigerian Government to Grant Humanitarian Release for Jailed Binance Employee
22.6.2024
Two U.S. lawmakers, French Hill and Chrissy Houlahan, have added their voices to calls for the release of jailed Binance executive Tigran Gambaryan. The lawmakers made this call shortly after visiting Gambaryan at Nigeria’s notorious Kuje Prison. Hill believes that Gambaryan is being wrongfully...
Nigeria rejects claims of Binance exec's poor health in custody
22.6.2024
Mohammed Idris, Nigeria’s Minister of Information and National Orientation emphasized that Gambaryan enjoys full consular support from his home government
Nigerian SEC announces new rules, compliance program for digital assets
21.6.2024
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date
U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release
21.6.2024
The two House members said Tigran Gambaryan is being wrongfully detained and should be freed
Binance exec legal battle escalates amid US-Nigeria tug of war
21.6.2024
Binance executive Tigran Gambaryan’s wife expressed her confusion about why the Nigerian law enforcement agency cannot release her husband based on the Federal Inland Revenue Service rebuttal
Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review
16.6.2024
Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the remaining bitcoin in the U.S. to enhance national energy dominance. Vietnam sees increased interest in gold bullion purchases due to favorable prices at state-owned banks. New York...
Nigeria Drops Tax Evasion Charges Against Binance Executives
15.6.2024
Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s...