5 / 9 Relevant items tagged with #Nigeria

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Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17

[Apr 23, 2024 1:33 PM] Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.

Binance Exec's Wife Denies Report of Extradition to Nigeria

[Apr 22, 2024 3:53 AM] Nadeem Anjarwalla, who escaped Nigerian custody in March, could be extradited back to the country within the week, one local media outlet reported citing government sources.

Binance 'Working Collaboratively' With Nigerian Government to Free Detained Executive, Compliance Chief Says

[Apr 10, 2024 9:55 AM] Binance is “working as collaboratively as we can” with the Nigerian government to secure the release of its jailed financial crimes investigations chief, Tigran Gambaryan, the exchange’s chief compliance officer Noah Perlman said Wednesday.

Detained Binance Exec Pleads Not Guilty to Money Laundering Charges in Nigeria: Reports

[Apr 8, 2024 7:43 AM] Tigran Gambaryan was remanded pending trial, reports say.

Nigeria Court Adjourns Hearings for Binance, Execs' Tax Evasion Cases: Reports

[Apr 4, 2024 5:23 AM] The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.

Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm

[Apr 3, 2024 6:29 AM] Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.

1 Billion Bitcoin P2P Traders: NoOnes Sets Sights on Nigeria and Global South

[Apr 2, 2024 9:59 AM] I recently spoke with Ray Youssef, CEO of NoOnes, a peer-to-peer (P2P) bitcoin trading platform with numerous other functionalities, about how NoOnes is empowering its users, what it's doing in response to the Nigerian government’s crackdown on…

NoOnes Helping Nigeria After Binance Exit

[Mar 29, 2024 12:00 PM] Some Nigerians were shocked when crypto exchange Binance announced they would discontinue all services in Nigeria by March 8. Despite facing scrutiny from regulators before the announcement, many people still asked how the biggest exchange in…

Binance Executives File Suit Against Nigeria: Local Media

[Mar 29, 2024 9:01 AM] The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights.

What Binance's Exit From Nigeria Means for P2P Bitcoin

[Mar 27, 2024 1:30 PM] The exchange was forced to leave Nigeria, and I’m sure it will happen to other crypto companies in other countries, Ray Youssef, CEO of NoOnes, writes.

Nigerian Binance Executive Escapes Custody, Deepening Ongoing Feud

[Mar 27, 2024 6:45 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…

Is Nigeria Strong-Arming Binance?

[Mar 25, 2024 2:05 PM] Two mid-levels executives were detained without charge for more than a month, one escaped. Here’s what we know so far about Nigeria's legal battle with Binance.

AMIDST P2P CLAMPDOWN, NIGERIA BITCOINERS EMPOWERS WOMEN WITH BITCOIN EDUCATION

[Mar 25, 2024 12:45 PM] In the wake of ongoing peer-to-peer (P2P) clampdowns in Nigeria, the country's Bitcoin community took a remarkable step towards empowerment by dedicating International Women’s Day to educating and uplifting women through Bitcoin education. On March…

Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports

[Mar 25, 2024 2:59 AM] One of two senior Binance executives in government custody has escaped, local media reported over the weekend.

Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on Its Platform: Report

[Mar 18, 2024 11:35 PM] A Nigerian court has ordered Binance to provide Nigeria's Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform.

Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees

[Mar 18, 2024 4:17 AM] The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.

Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ

[Mar 13, 2024 4:34 PM] The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.

Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users

[Mar 13, 2024 1:50 AM] Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.

Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports

[Mar 12, 2024 12:41 AM] Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held against their will for the past two weeks by Nigerian authorities.

Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption

[Mar 7, 2024 7:19 AM] Adoption of the central bank digital currency pales in comparison to the use of cash in the country.

Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report

[Mar 7, 2024 6:17 AM] Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.

Binance Will Discontinue Its Nigerian Naira Services After Government Scrutiny

[Mar 5, 2024 5:18 AM] Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.

Nigerian Parliamentary Committee Summons Binance CEO Teng: Report

[Mar 4, 2024 8:25 AM] Two executives of the exchange were detained last week on arrival in the country.

The Nigerian Government and Binance: The Way Forward — CMO of Flincap

[Mar 3, 2024 5:30 AM] The promise of the blockchain and cryptocurrency still remains strong. Globally, there continues to be growing interest in the blockchain and peer-to-peer exchanges. We are seeing the institutional adoption of crypto and a rise in interest in…

Nigeria Government Demands $10B From Crypto Exchange Binance: BBC

[Mar 1, 2024 9:53 AM] The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.

Nigeria Detains Binance Executives as It Investigates the Crypto Exchange: Reports

[Feb 29, 2024 10:37 AM] Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country.

Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports

[Feb 28, 2024 7:56 AM] The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.

Bitcoin-Focused Payments App Strike Rolls Out Services to Africa

[Feb 27, 2024 2:45 PM] Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.

Nigeria Blocks Access To Coinbase, Binance and Kraken As Naira Falls To Record Lows

[Feb 22, 2024 12:41 PM] Nigeria has taken drastic measures in to attempt to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges, reported the Financial Times. This move comes as the Nigerian government attempts to…

Coinbase Pushes Back on Reports It's Blocked in Nigeria

[Feb 22, 2024 11:10 AM] Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.