4 / 8 Relevant items tagged with #Nigeria

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Cryptocurrency Exchange Kucoin Suspends P2P Services for Nigerian Naira

[May 16 12:25 PM] Kucoin, a global cryptocurrency exchange platform, announced on May 15 that it has temporarily suspended its peer-to-peer (P2P) services for the Nigerian naira, as well as the Fast Buy service via naira cards. The crypto exchange stated that during…

Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains

[May 12 2:45 PM] The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to…

Nigeria’s foreign investment at risk due to Binance bribery allegations

[May 12 2:22 AM] SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.

Nigerian stakeholders demand Binance reveal identity of bribery official

[May 8 6:13 AM] SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.

Nigerian officials proposed secret crypto settlement, claims Binance CEO

[May 7 3:33 AM] Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.

Nigeria to ban peer-to-peer crypto trading in naira

[May 7 3:20 AM] Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.”

Binance CEO Teng Says Nigeria Must Release Gambaryan, Detention Sets 'Dangerous New Precedent'

[May 7 2:28 AM] The executive's detention sets a "a dangerous new precedent," Teng wrote in a blog post.

Crypto exchanges to meet Nigerian SEC chief for regulatory talks

[May 3 3:47 AM] The meeting is anticipated to ignite positive changes that benefit all crypto stakeholders in Nigeria and on the international scene.

Nigerian fintechs crack down on crypto, users face account blocks

[May 3 2:43 AM] The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.

Nigerian court postpones money laundering trial of Binance and execs

[May 2 9:46 AM] A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.

Binance Nigeria Money Laundering Trial Delayed to May 17, Gambaryan Family Spokesperson

[May 2 6:25 AM] Binance's lawyer needed more time to look at evidence, outlets reported.

Extradition papers ready for Binance’s Anjarwalla, says INTERPOL Africa

[May 1 4:44 AM] The Interpol official did not confirm that Anjarwalla is currently held in Kenya but noted that the fleeing crypto executive was last seen in the country.

Nigeria restricts fintech onboarding to stop KYC-evading crypto investors

[May 1 2:00 AM] Nigerian fintech firms OPay, Kuda Bank, Moniepoint and PalmPay were directed to pause the creation of new accounts amid an ongoing audit of their KYC processes.

Nigeria puts faith in new crypto-friendly regulator

[Apr 25 3:06 AM] Nigeria’s president appointed the new SEC Chair to regulate the capital market, bolster investor confidence, and advance economic development.

Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges

[Apr 24 12:32 PM] The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and…

Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance

[Apr 24 3:26 AM] The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating Bybit, KuCoin, OKX and Binance, according to contents of the letter seen by CoinDesk.

Nigeria’s central bank forced to deny claims of crypto account freeze

[Apr 24 2:54 AM] The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.

Binance exec will remain in Nigerian custody until May 17 bail hearing: Report

[Apr 23 3:36 PM] The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.

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

[Apr 23 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 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 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 7:43 AM] Tigran Gambaryan was remanded pending trial, reports say.

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

[Apr 4 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 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 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 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 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 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 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 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.