1 / 8 Relevant items tagged with #Nigeria

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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies

[today 2:30 AM] New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable…

Binance exec’s mother pleads with US gov’t to secure his release

[yesterday 9:00 PM] Detained in Nigeria for more than six months and with reported deteriorating health, Tigran Gambaryan likely won’t return to court until Oct. 9.

REGULATING BITCOIN AND CRYPTO IN NIGERIA: CROSSROADS BETWEEN CAPITAL CONTROL AND FINANCIAL FREEDOM

[Sep 17 4:21 PM] The ascent of Bitcoin and digital assets has sparked a classic battle, with governments acting as vigilant hawks, trying to control a technology that is as nimble and elusive as a gazelle darting across the savanna of decentralization. In Nigeria…

US diplomats pressure Nigeria to release detained Binance exec

[Sep 12 6:31 PM] Tigran Gambaryan, a United States citizen and former Internal Revenue Service agent, has been detained in Nigeria since February 2024.

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

[Sep 12 2:30 AM] India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto…

India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis

[Sep 11 12:00 PM] India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis' annual report released Wednesday.

Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports

[Sep 10 10:16 AM] We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said.

Nigeria’s SEC to crack down on unregulated crypto exchanges

[Sep 9 9:01 AM] Nigeria’s SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.

US, Nigeria Convene AI Conference to Promote Inclusive Tech Adoption

[Sep 8 10:46 PM] The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges…

Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General

[Sep 6 12:30 AM] Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a…

Nigerian judge pushes Binance exec’s bail hearing to Oct. 9

[Sep 4 6:26 PM] Detained in Nigeria for more than six months and with reported health problems, Tigran Gambaryan awaits a judge’s decision following another bail application.

Nigeria’s Crypto Thaw: Not What It Seems

[Sep 4 4:32 PM] The Nigerian government’s long-running hostility towards the crypto industry seems to be abating. Or is it? Noelle Acheson looks at how the recent licensing of two crypto exchanges in Nigeria may not represent the shift we’re hoping for.

Nigerian Court Postpones Decision on Gambaryan Bail Application

[Sep 4 2:47 PM] The next bail hearing has been scheduled for Oct. 9.

Binance CEO calls Gambaryan’s treatment ‘inhuman’ as disturbing new video emerges

[Sep 3 9:04 AM] Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.

‘Why Are You Doing This To Me?’: Detained Binance Exec Begs Prison Guard for Help in New Court Footage

[Sep 3 2:49 AM] “I’m not okay, this is f*cked up,” Gambaryan said in the video, as he clutched the guard’s wrist for support. When the guard stepped away, leaving Gambaryan with only a single crutch to lean on, Gambaryan turned to a small crowd of onlookers and�

Detained Binance exec posts new bail motion citing worsening health

[Sep 2 5:10 PM] In June, Nigeria’s Federal Inland Revenue Service dropped charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla.

Binance exec’s trial brought forward despite no access to legal counsel 

[Sep 2 9:31 AM] Amid multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its naira currency.

Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity

[Aug 31 9:30 PM] A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will…

Calls to release Binance exec intensify after 6 months in Nigerian detention

[Aug 27 4:27 PM] 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

[Aug 27 10:30 AM] 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

[Aug 27 5:30 AM] 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…

‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release

[Aug 26 5:50 PM] 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.

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

[Aug 21 8:26 PM] Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February.

Nigeria Plans to Introduce Crypto Licensing Process: Bloomberg

[Aug 20 3:04 PM] The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month.

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

[Aug 19 12:19 PM] 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.

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

[Aug 18 12:30 PM] 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…

Nigeria’s tax watchdog proposes comprehensive crypto

[Aug 18 11:19 AM] The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset.

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

[Aug 16 12:23 PM] Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.

Nigerian crypto wallets tied to protests evade government freeze efforts

[Aug 15 7:25 AM] The discrepancies between the government’s claims and the blockchain data highlight the tense dynamic between digital finance and state authorities.

Tigran Gambaryan’s health worsens, surgery now required

[Aug 12 3:37 PM] Gambaryan has been detained in Nigeria since February 2024 and has suffered numerous chronic health conditions during that time.