In a significant development for Nigeria’s financial sector, the Securities and Exchange Commission (SEC) has issued its first provisional license for a cryptocurrency exchange. This move marks a critical turning...Read More
In a significant crackdown, the Nigerian government has frozen four cryptocurrency wallets holding over $37 million in Tether’s USDT stablecoin, according to a report from Premium Times. The Economic and...Read More
In a significant move, cryptocurrency exchange OKX has announced its decision to halt operations in Nigeria, citing recent changes in local laws and regulations. This announcement was made in a...Read More
KuCoin, one of the leading cryptocurrency exchanges, has announced a significant regulatory update affecting its users in Nigeria. Starting from July 8, 2024, the platform will begin collecting a Value-Added...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
A Nigerian court has determined that Tigran Gambaryan, Binance’s chief financial compliance officer, can be tried as a representative of the cryptocurrency exchange in a case involving allegations of tax...Read More
