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.
The partnership aims to strengthen economic ties and ensure that AI deployment is safe, secure, transparent, and trustworthy.
Oladotun Akangbe, CMO of Flincap, noted controversies in the Nigerian crypto space are to be expected, considering the country’s growth in crypto use.
According to Uwakwe, the head of Nigeria’s crypto intercommunity working group, investors worry about potential repercussions similar to Binance’s fate when investing in local Web3 companies.
Nigeria's currency is collapsing because of financial mismanagement. Now, two Binance employees have been entangled in the government's search for scapegoats.
Tigran Gambaryan has been detained in Nigeria since March after coming to address concerns about Binance allegedly manipulating the naira.
The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla, who is currently on the run, as reported by local media outlet Punch. Meanwhile, Binance has urged the Nigerian authorities to release its other executive, Tigran Gambaryan, currently within their hold. The firm said: “Binance […]
The post Nigeria and Interpol collaborate to extradite Binance executive amid money laundering charges appeared first on CryptoSlate.
The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights.
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.
The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
Binance confirmed to CryptoSlate that Nadeem Anjarwalla, one of its executives detained by the Nigerian authorities, has escaped custody. A Binance spokesperson said: “We were made aware that Nadeem is no longer in Nigerian custody. Our primary focus remains on the safety of our employees and we are working collaboratively with Nigerian authorities to quickly […]
The post Detained Binance executive escapes from Nigerian custody amid tax evasion charges appeared first on CryptoSlate.
Ray Youssef remains optimistic about Nigeria’s chance of maintaining its position in the crypto ecosystem despite recent regulation challenges.
Nigeria’s Securities and Exchange Commission has proposed to raise the registration fees for virtual asset service providers (VASP) seeking an operational license. This development is accompanied by other changes in the regulations governing the key aspects of the crypto industry in the West African country. Related Reading: Binance Continues Meme Coin Promotion For Shiba Inu, […]
Under the updated guidelines, digital asset exchanges and custodians must pay an application fee of 300,000 naira ($186), up from the previous 100,000 naira ($62).
Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement, the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. Over the past weeks, Binance and the Nigerian authorities have been […]
The post Binance says Nigeria ‘not yet one of its top markets,’ despite high crypto adoption in African country appeared first on CryptoSlate.
The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
The relationship between Binance and the Nigerian government has drastically changed in recent months, according to a recent blog post from the crypto exchange.
Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.
According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit.
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
The pioneering African CBDC has few users, but creating credit histories for them will promote financial inclusion.
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
The removal of the naira by Binance from its P2P market came amid claims by Nigerian authorities that the platform contributed to the devaluation of the naira.
The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.
Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.
Flincap co-founder Nathaniel Luz suggests the Nigerian government address licensing issues for local exchanges instead of blaming the crypto ecosystem for forex challenges.
Local reports state that Bureau De Change (BDC) operators announced the shutdown of operations in Abuja due to the unavailability of dollars.