Latest News and Articles about Nigeria
Nigeria’s President Signs Crypto as Securities Law, SEC to Oversee Market
Nigeria’s President Signs Law Classifying Crypto as Securities Nigeria’s President Bola Tinubu has signed the Investments and Securities Act 2024 into law, marking a significant shift in the country’s approach to regulating the cryptocurrency market. This legislation classifies cryptocurrencies as securities, placing them under the oversight of the Nigerian Securities and Exchange Commission (SEC). As […]
Read MoreTigran Gambaryan Honored with Hero Award Amid Nigerian Detention Ordeal
Kidnapped Binance Exec Tigran Gambaryan Receives First Ever Hero Award At DC Blockchain Summit At the DC Blockchain Summit in Washington, D.C., Tigran Gambaryan, a Binance executive, was awarded the industry’s first-ever Hero Award, following his detention in Nigeria since February 2024. Tigran Gambaryan awarded Hero Award at DC Blockchain Summit Detained in Nigeria; faced […]
Read MoreNigeria to Tax Digital Assets by March: SEC Leads Regulatory Crackdown on Crypto Exchanges
Nigeria Moves to Tax Digital Assets Amid Regulatory Crackdown Nigeria is set to tax digital assets by the end of March, spearheaded by the Securities and Exchange Commission (SEC) to integrate these assets into the formal economy. This move is part of a broader regulatory crackdown on offshore exchanges, pushing for a shift towards regulated […]
Read MoreBinance.US Resumes USD Transactions Amid $81.5B Nigeria Lawsuit and U.S. Legal Battles
Binance.US Restarts USD Transactions Amid Global Legal Battles Binance.US has revitalized its USD transaction capabilities, a relief for users after a period of crypto-only operations due to regulatory scrutiny. However, the platform faces significant challenges, including a colossal $81.5 billion lawsuit from Nigeria and ongoing legal battles in the U.S. Binance.US resumes USD transactions Nigeria […]
Read MoreNigeria Sues Binance for $81.5 Billion: Economic Damage and Tax Evasion Claims
Nigeria Sues Binance for $79.5 Billion Over Alleged Economic Damage and Tax Evasion Nigeria has launched a massive $79.5 billion lawsuit against Binance, the world’s largest cryptocurrency exchange, accusing it of causing significant economic damage and evading taxes. This legal action, which also seeks $2 billion in back taxes, marks a critical moment in the […]
Read MoreLIBRA Scandal Fallout: Kelsier Ventures’ Bold Nigerian Expansion on Solana
LIBRA Scandal Brings Nigerian Meme Coin Plans to Light Kelsier Ventures, the company behind the LIBRA meme coin scandal that resulted in a staggering $4 billion loss, is now setting its sights on Nigeria. Despite the controversy, they plan to launch a similar project on the Solana blockchain. However, Nigeria’s stringent regulatory environment poses significant […]
Read MoreBinance CEO Richard Teng Rejects $150M Bribery Claims in Nigeria, Emphasizes Compliance
Binance CEO Richard Teng Denies $150 Million Bribery Allegations in Nigeria Binance CEO Richard Teng has firmly rejected allegations by Nigerian authorities that the exchange paid $150 million in bribes to influence local officials, emphasizing the company’s commitment to compliance and integrity. Allegations of $150 million in bribes to Nigerian officials Binance CEO Richard Teng […]
Read MoreBinance Exec’s 8-Month Ordeal: $150M Crypto Bribe Demand in Nigeria
A Mickey Mouse Operation: Binance Exec Talks About Detention And Alleged $150M Crypto Bribe Tigran Gambaryan, a high-ranking executive at Binance, was detained in Nigeria for eight months following a meeting with officials from the Department of State Services (DSS), Nigeria’s national intelligence agency, and the Economic and Financial Crimes Commission (EFCC), responsible for investigating […]
Read MoreBinance Exec Tigran Gambaryan’s 8-Month Nigerian Ordeal: Detained, Extorted, Released
Binance Executive Tigran Gambaryan’s Ordeal in Nigeria: Detained, Extorted, and Released Dragged to court on crutches, a Binance executive’s cry of frustration echoed around the world: “This is so fuc**d up.” Tigran Gambaryan, a US citizen and key figure at the cryptocurrency exchange Binance, faced over eight months of detention in Nigeria, accused of illegal […]
Read MoreNigeria Busts $3M Global Crypto Scam, 53 Charged Including 29 Chinese
Crypto Fraud Alert: Nigeria Unmasks Global Scam, 53 Charged In a bold move that rocked the world of cryptocurrency, Nigerian authorities have unveiled a global scam operation in Lagos, resulting in the arrest of 53 individuals from various nationalities, including 29 Chinese nationals. The “Eagle Flush Mission” operation exposed a sophisticated network that handled over […]
Read MoreNigeria Launches cNGN: The First Licensed Stablecoin Pegged to the Naira
Nigeria’s Leap into Digital Currency: Introducing the cNGN Stablecoin In Nigeria, where over 30% of the population engages with cryptocurrencies, a new chapter is about to unfold with the launch of the cNGN stablecoin. This move represents a significant stride towards digital finance, backed by the Central Bank of Nigeria (CBN) and the Securities and […]
Read MoreNigeria and Zambia’s Digital ID Push: Unlocking Up to 7% GDP Growth
Nigeria and Zambia Ramp Up Digital Identity to Unlock Economic Potential Nigeria and Zambia are making significant strides in their digital identity initiatives, with support from the World Bank, aiming to harness the power of digitalization for economic growth and service accessibility across Africa. These efforts could transform the lives of millions, but not without […]
Read MoreBinance Executive’s 8-Month Nigeria Detention Fuels Crypto Regulation Debate
Binance Executive’s Eight-Month Ordeal in Nigeria Sparks Crypto Regulation Debate Tigran Gambaryan, a prominent Binance executive and former IRS agent, faces an eight-month detention in Nigeria on charges of tax evasion and money laundering, highlighting the ongoing tension between global crypto operations and national regulatory frameworks. Tigran Gambaryan detained in Nigeria for eight months Accusations […]
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