3 / 8 Relevant items tagged with #Nigeria

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US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’

[Jul 11 3:53 PM] Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July.

Nigerian central bank alleges unauthorized transactions by Binance

[Jul 6 4:51 AM] Binance’s alleged illegal operations were highlighted in court on July 5, with a central bank official testifying on the lack of necessary licenses and regulatory approval.

Nigerian blockchain leader advocates AI to save African languages

[Jul 6 4:09 AM] The use of blockchain and AI for improvement in various areas of society is essential in Africa now more than ever.

Binance vs Nigeria: A timeline of events

[Jul 5 3:32 AM] As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.

Nigerian SEC mandates local offices for crypto firms

[Jul 4 5:35 AM] The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits and monitoring.

Opera Mini’s crypto wallet MiniPay now offers USDT and USDC

[Jul 4 12:14 AM] Since launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.

Binance exec trial will resume July 5 as family reports health problems

[Jul 3 1:22 PM] 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.

Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds

[Jul 2 9:38 AM] On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed.

Nigeria urged to adopt crypto regulations inspired by Europe

[Jun 30 6:43 AM] 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.

Nigerian official advocates blockchain, AI against illicit financial flows

[Jun 29 1:59 AM] The financial watchdog chair said that if recovered, the funds could significantly enhance infrastructure, healthcare and education across the continent.

Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare

[Jun 22 1:23 PM] 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…

Nigeria rejects claims of poor prison conditions, health for Binance exec

[Jun 22 1:29 AM] Mohammed Idris, Nigeria’s minister of information and national orientation, emphasized that Gambaryan enjoys full consular support from his home government.

U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release

[Jun 21 4:30 AM] The two House members said Tigran Gambaryan is being wrongfully detained and should be freed.

Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review

[Jun 16 5:45 AM] 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…

Nigerian officials drop some charges against detained Binance exec

[Jun 14 9:56 AM] The next court dates in Tigran Gambaryan’s case are scheduled for June 19–20, according to a family spokesperson.

Nigeria Drops Tax Charges Against Binance Executives

[Jun 14 5:19 AM] The executives, Tigran Gambaryan and Nadeem Anjarwalla, are still named in a money-laundering case.

Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover

[Jun 11 5:20 AM] In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned…

Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

[Jun 6 7:59 PM] A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its efforts to secure Binance compliance head Tigran Gambaryan’s release from a…

Nigeria defends Binance exec prosecution amid US lawmakers’ criticism

[Jun 6 1:12 AM] The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law.

Zone launches PoS gateway with instant settlements

[Jun 5 3:05 PM] Zone’s layer-1 blockchain is purportedly Africa’s first decentralized, cross border, currency-agnostic payments solution.

Biden Urged to Act as Lawmakers Fear for the Life of Detained Binance Exec in Nigeria

[Jun 5 1:21 AM] Gambaryan and another company exec, Nadeem Anjarwalla, were detained by Nigerian officials after they were invited by the country to resolve a dispute with the crypto exchange

Nigeria’s interest in Bitcoin unfazed by regulatory restrictions

[Jun 2 7:01 AM] Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.

Nigeria seeks crypto clarity one year into Tinubu’s tenure

[Jun 2 3:33 AM] Nigeria's young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry.

The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful

[May 29 9:28 AM]

Binance Executive Jailed in Nigeria is Suspected of Having Malaria, Family Says

[May 28 12:28 PM] Tigran Gambaryan, Binance’s compliance head, who remains jailed in Nigeria, is suspected of having Malaria, a family spokesperson told CoinDesk.

SEC Approves Spot Ether ETFs, Jim Rickards Predicts $27K Gold Price, and More — Week in Review

[May 26 6:30 AM] The U.S. Securities and Exchange Commission (SEC) has approved significant regulatory filings for spot ether ETFs. Economist Jim Rickards predicts that gold prices could surpass $27,000 based on rigorous analysis. Satoshi Nakamoto’s Genesis…

Binance executive collapses during Nigeria trial for money laundering

[May 24 1:20 AM] Gambaryan missed a court appearance on tax evasion charges but attended the money laundering trial on the same day.

Nigerian prison fails to bring Binance exec to court

[May 23 4:50 AM] Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue.

Nigeria’s SEC-Crypto License

[May 20 11:20 PM] In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster…

Binance exec denied bail in Nigeria money laundering trial

[May 17 6:55 AM] Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryan’s questionable attempt to get a new passport, allegedly due to a stolen previous one.