4 / 9 Relevant items tagged with #Nigeria

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Zone launches PoS gateway with instant settlements

[Jun 5, 2024 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, 2024 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, 2024 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, 2024 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, 2024 9:28 AM]

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

[May 28, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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.

Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

[May 17, 2024 6:48 AM] The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan.

Cryptocurrency Exchange Kucoin Suspends P2P Services for Nigerian Naira

[May 16, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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.