Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.
Gambaryan has been detained in Nigeria since February 2024 and has suffered numerous chronic health conditions during that time.
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth in the continent.
As governments globally, including Nigeria, navigate the complexities of blockchain adoption, insights from industry leaders like YellowCard provide crucial guidance.
The Nigerian government has launched an annual training program for 1,000 citizens in AI and blockchain to position Nigeria ahead of global economies and foster innovation.
Though the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months.
By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of the digital assets.
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.
As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.
Since launching in September 2023, Opera Mini’s MiniPay app has amassed 3 million users.
Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. According to a July 3 statement, the firm said: “Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (“VAT”) at a rate of 7.5% on transaction fees in each trade […]
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On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed.
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.
Nigeria’s once frosty relationship with crypto appears to be entering a cautious thaw. Emomotimi Agama, Director-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments suggesting a shift away from the government’s hardline stance against digital assets. Related Reading: More Than A Laugh: What’s Driving The Insane Growth Of Memecoins In 2024? This […]
The financial watchdog chair said that if recovered, the funds could significantly enhance infrastructure, healthcare and education across the continent.
Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax evasion charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Instead, the agency will focus solely on the exchange itself. Alexander Onukwe, a Nigerian Journalist for Semafor, citing an e-mailed statement from Gambaryan’s representative, reported: “FIRS to revise charges to serve solely on Binance through its […]
The post Nigeria drops tax evasion charges against Binance execs appeared first on CryptoSlate.
A group of more than 100 former US federal prosecutors has urged the United States government to intensify efforts to secure the release of Binance executive Tigran Gambaryan from Nigerian custody, according to a June 6 letter. Gambaryan, Binance’s head of compliance, and his colleague Nadeem Anjarwalla were detained in Nigeria in February following a […]
The post Former US prosecutors demand action on Binance exec’s detention in Nigeria appeared first on CryptoSlate.
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
A Nigerian High Court has adjourned the money laundering trial against Binance and its executive Tigran Gambaryan to June 20 because of the executive’s health concerns, according to a May 23 statement from the Economic and Financial Crimes Commission (EFCC). The EFCC reported that the defense counsel, led by Mark Mordi, informed the court of […]
The post Nigerian High Court delays Binance executive trial over health concerns appeared first on CryptoSlate.
Gambaryan missed a court appearance on tax evasion charges but attended the money laundering trial on the same day.
A Nigerian High Court has denied bail to Binance executive Tigran Gambaryan, citing concerns that he might flee the country. Gambaryan, who turned 40 today, has been held by the Nigerian government since February. Speaking on his detainment, Noah Perlman, Binance’s chief compliance officer, said: “On this very unhappy birthday, a reminder that Tigran Gambaryan […]
The post Nigerian court denies bail to Binance executive, intensifying crypto industry tensions appeared first on CryptoSlate.
Nigeria’s naira continues its downward spiral despite a tightening noose around cryptocurrency trading. The government, blaming digital assets for the currency’s woes, has launched a multi-pronged attack on the digital asset, forcing major exchanges to retreat and pushing traders towards riskier avenues. Related Reading: Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’ […]
SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.
Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.”
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's lawyer needed more time to look at evidence from Nigeria's Economic and Financial Crimes Commission.
The CBN through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
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.
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.