Bitcoin News / Bitcoin.com - 3 months ago
The recently detained Nigerian self-proclaimed cryptocurrency billionaire, Linus Williams, has been released on bail. According to a controversial Instagram celebrity, Verydarkman, the crypto billionaire begged for release but is expected to answer f...
Bitcoin News / Bitcoin.com - 3 months ago
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purcha...
Bitcoin News / Bitcoinist - 3 months ago
OKX, a prominent global cryptocurrency exchange, has decided to discontinue services in Nigeria. This move comes amidst a backdrop of increasing regulatory scrutiny in the country. Starting from August 16, 2024, Nigerian users will no longer be able...
Cryptocoins News / Finance Magnates - 3 months ago
Cryptocurrency exchange OKX is discontinuing its services in Nigeria due to what it termed as changes in local regulations, Cointelegraph reported, citing emails sent to users. This surprise announcement followed months of gradual service reduction,...
Bitcoin News / Bitcoin.com - 3 months ago
On July 16, a Nigerian court issued an arrest warrant for a prison doctor who failed to provide jailed Binance executive Tigran Gambaryan’s medical report as demanded. The court also ordered prison officials to take Gambaryan to a local hospital for...
Bitcoin News / Bitcoin.com - 3 months ago
Okx, a leading cryptocurrency exchange, has announced its decision to discontinue services in Nigeria starting from August 16, 2024. The company cited unfavorable policies by the Nigerian government as the reason for this move. Okx said Nigerian user...
by COINS NEWS - 3 months ago
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Bitcoin News / Bitcoin.com - 4 months ago
The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that only seven African countries have preparedness indices of 0.4 or more. South Africa leads the continent with a score of 0.5, while the Republic of So...
Bitcoin News / Bitcoin.com - 4 months ago
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria...
Cryptocoins News / Finance Magnates - 4 months ago
A Nigerian court has postponed a money laundering trial against Binance and two of its executives, Reuters reported. The judge cited unresolved issues over medical documentation for one of the defendants. The trial, involving allegations of launderin...
Cryptocoins News / CoinJournal - 4 months ago
Victoria, Seychelles, July 16th, 2024, Chainwire In the past week,& Bitget Wallet& topped the finance chart on the Nigerian App Store. According to data from data.ai, Bitget Wallet’s users in Nigeria grew by over 233% in the month of Ju...
Bitcoin News / Bitcoin.com - 4 months ago
Nigerian Justice Emeka Nwite recently set October 11 as the date for ruling in the trial of Binance Holdings Limited, a popular cryptocurrency platform. The platform and its two directors face a four-count tax evasion charge for failing to register w...
Bitcoin News / Google News Bitcoin - 4 months ago
Nigeria’s SEC advised to regulate Bitcoin, Ether as commodities& & Cointelegraph
Bitcoin News / Bitcoin.com - 4 months ago
U.S. lawmakers have submitted a resolution calling on the Nigerian government to immediately release the jailed Binance executive, Tigran Gambaryan. In the resolution submitted to the Committee on Foreign Affairs, the lawmakers urge the United States...
Cryptocoins News / Finance Magnates - 4 months ago
Binance has been scheduled to face tax evasion charges in Nigeria on October 11, Reuters reported. This marks a significant legal battle for the cryptocurrency giant accused of failing to register with Nigeria's Federal Inland Revenue Service for ta...
by COINS NEWS - 4 months ago
"Gambaryan traveled to Nigeria on Feb. 26 for high-level meetings regarding Binance’s compliance issues amid the country’s challenges with increased adoption of crypto via peer-to-peer markets, which indirectly caused a steep devaluation i...
by COINS NEWS - 4 months ago
submitted by /u/wiredmagazine [link] [comments]
by COINS NEWS - 4 months ago
The crypto exchange Binance has been facing regulatory problems in Nigeria for a long time. On July 5, an official of the Central Bank of Nigeria ~reportedly~ testified in court that Binance does not have the necessary licenses and regulatory approva...
by COINS NEWS - 4 months ago
submitted by /u/80UNC3EBACK [link] [comments]
Bitcoin News / Bitcoin.com - 4 months ago
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight...
Bitcoin News / Bitcoin.com - 4 months ago
A Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens’ data. A proponent of a locally developed blockchain argues that such a protocol would likely ensur...
Bitcoin News / Bitcoin.com - 4 months ago
A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Ni...
by COINS NEWS - 4 months ago
submitted by /u/kirtash93 [link] [comments]
Bitcoin News / Bitcoin.com - 4 months ago
According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. Howeve...
Bitcoin News / Bitcoinist - 4 months ago
An official at the Central Bank of Nigeria (CBN) has stated that Binance operated illegally in multiple ways in the West African nation. This development comes amidst the ongoing legal trial of the prominent crypto exchange in Nigeria. Binance Viol...
