The Nigerian government has taken legal action against Binance, the world’s largest cryptocurrency exchange by trade volume, seeking a staggering $81.5 billion in damages and back taxes. This move marks...Read More

The Securities and Exchange Commission (SEC) of Nigeria has indicated that not all cryptocurrency companies seeking registration will meet the necessary requirements for approval. Dr. Emotimi Agama, SEC’s Director-General, conveyed...Read More

The Nigerian Securities and Exchange Commission (SEC) has introduced a proposed regulation targeting cryptocurrency influencers who promote fraudulent crypto projects. Under the new rule, all cryptocurrency platforms and Virtual Asset...Read More

According to nairametrics report, Nigeria’s Economic and Financial Crimes Commission (EFCC) has obtained a Federal High Court order to freeze N548.6 million held in bank accounts linked to suspected crypto...Read More

The Nigeria’s Securities and Exchange Commission (SEC) has announced its intention to begin enforcement actions against individuals and business entities, including cryptocurrency exchanges, that operate outside its regulatory framework according...Read More

The Federal Government of Nigeria has dismissed allegations by United States lawmakers concerning the health and prison conditions of Tigran Gambaryan, a Binance executive detained in Nigeria. Gambaryan is currently...Read More

The Nigerian Securities and Exchange Commission (SEC) has announced a new initiative to expedite the registration process for Virtual Assets Service Providers (VASP) within the country. This program, unveiled on...Read More

The International Monetary Fund (IMF) has recently issued recommendations for the regulation of global crypto trading platforms operating in Nigeria. The swift rise of foreign exchange (FX) trading platforms in...Read More

According to recent reports, the Federal High Court has discharged Tigran Gambaryan, a 39-year-old American, and Nadeem Anjarwalla from the tax evasion case involving the cryptocurrency exchange giant, Binance. The...Read More

Nigeria’s crypto industry stands at a critical juncture, experiencing a blend of hope and concern as it navigates the policies and actions of President Bola Tinubu’s administration. In the past...Read More