Bitcoin News / Bitcoinist - 3 days ago
The recent controversy surrounding the memecoin Libra (LIBRA) has sparked significant global attention, particularly following revelations about its alleged ties to prominent political figures and “questionable business practices.” According to repor...
Bitcoin News / Bitcoinist - 5 days ago
Nigeria’s governance of digital assets has progressed with the enactment of its taxation policy on digital currency transactions, as reported. The government’s aim is to improve revenue collection and incorporate digital assets into its f...
Bitcoin News / Bitcoin.com - 5 days ago
Nigeria has sued Binance for $81.5 billion for running an unlicensed operation and tax evasion. Nigeria Demands Binance Pay for Economic Harm The Nigerian government has reportedly filed a lawsuit against Binance, seeking $79.5 billion in compensatio...
Bitcoin News / Bitcoin.com - 5 days ago
Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commi...
Cryptocoins News / CoinJournal - 5 days ago
Nigeria’s federal government has sued Binance for a $79.5B penalty. The government demands $2B in back taxes for 2022-2023. Binance is accused of tax evasion and operating without a license. In an unprecedented escalation of legal confrontati...
Cryptocoins News / Finance Magnates - 6 days ago
Nigeria has filed a lawsuit against Binance, seeking $79.5 billion in damages for economic losses and $2 billion in back taxes. The case was revealed in court documents today (Wednesday), the Guardian reported.Authorities blame Binance for worsening...
Cryptocoins News / CryptoNinjas - 6 days ago
Key Takeaways: Nigeria aims to tax crypto transactions to bolster national revenue. The SEC is expanding crypto licensing to monitor and tax exchanges effectively. This move comes amidst ongoing regulatory clashes, including disputes with Binance....
by COINS NEWS - 1 week ago
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by COINS NEWS - 1 week ago
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Bitcoin News / Bitcoin.com - 1 week ago
On Valentine’s day, Tigran Gambaryan reiterated claims that rogue Nigerian lawmakers demanded a $150 million bribe in exchange for dropping the case against the cryptocurrency exchange. Fake Meeting Tigran Gambaryan, head of financial crime com...
by COINS NEWS - 1 week ago
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Bitcoin News / Bitcoinist - 2 weeks ago
Nigerian law enforcement has uncovered a sophisticated global crypto scam operation in Lagos during a general cybercrime raid. One of the most coordinated activities against crypto fraud in West Africa this year, the recent raid resulted in the arres...
Bitcoin News / Bitcoin.com - 2 weeks ago
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Bitcoin News / Bitcoin.com - 2 weeks ago
A coalition of software firms recently launched Nigeria’s first compliant stablecoin, cNGN, which is now included in the Nigerian Securities and Exchange Commission incubation program. Stablecoin to Bring ‘Stability’ to Nigeria&#...
Bitcoin News / Bitcoin.com - 3 weeks ago
Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment ai...
Bitcoin News / Bitcoin.com - 1 month ago
Nigeria is set to launch Africa’s first dedicated artificial intelligence (AI) university, Wini Institution, in Epe, Lagos. This ambitious project aims to equip young Nigerians with cutting-edge AI skills, fostering a thriving tech ecosystem an...
Bitcoin News / Bitcoin.com - 1 month ago
The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchang...
Bitcoin News / Bitcoin.com - 1 month ago
China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aim...
by COINS NEWS - 1 month ago
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by COINS NEWS - 2 months ago
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Bitcoin News / Bitcoin.com - 2 months ago
The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Ye...
Bitcoin News / Bitcoin.com - 2 months ago
The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently...
by COINS NEWS - 2 months ago
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by COINS NEWS - 2 months ago
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Bitcoin News / Bitcoin.com - 2 months ago
The Nigerian Securities and Exchange Commission is exploring the use of blockchain technology to build trust in capital markets. Bridging the Trust Gap The Nigerian Securities and Exchange Commission (SEC) is exploring the use of blockchain technolog...
