Cryptocoins News / CoinJournal - 4 months ago
Starting Monday, July 8th, Kucoin will charge a 7.5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory update from the Nigerian SEC. Kucoin exchange took to Twitter (X) to announce that starting Mond...
Bitcoin News / Bitcoin.com - 4 months ago
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating li...
Bitcoin News / Google News Bitcoin - 4 months ago
Nigerian Student Returns 90 Mistakenly Sent Solana Tokens, Rewarded for Honesty – Africa Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 4 months ago
A crypto influencer recently praised a Nigerian student who agreed to return Solana tokens worth several thousand dollars that were mistakenly sent to his crypto wallet. After the influencer revealed the incident, well-wishers in the crypto community...
Bitcoin News / Bitcoin.com - 4 months ago
The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overc...
Cryptocoins News / Finance Magnates - 4 months ago
The Nigerian crypto community faces uncertainty after KuCoin, a prominent global cryptocurrency exchange, announced a new tax policy. Starting July 8, the cryptocurrency exchange will impose a 7.5% value-added tax (VAT) on transaction fees for users...
Bitcoin News / Bitcoin.com - 4 months ago
Nigerian prison officials have reportedly refused to release Tigran Gambaryan’s medical records. A High Court judge has ordered Kuje Detention Centre prison officials to present Gambaryan’s legal representatives with the records by July 5. Yuki Gamba...
by COINS NEWS - 4 months ago
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Bitcoin News / Bitcoin.com - 4 months ago
Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures...
by COINS NEWS - 4 months ago
submitted by /u/el_comand [link] [comments]
Bitcoin News / Bitcoin.com - 4 months ago
In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it as the best performer. The depreciation of the Nig...
Bitcoin News / Bitcoinist - 4 months ago
Nigeria’s once frosty relationship with crypto appears to be entering a cautious thaw. Emomotimi Agama, Director-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments suggesting a shift away from the governmen...
Bitcoin News / Bitcoin.com - 4 months ago
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will contin...
Bitcoin News / Bitcoin.com - 4 months ago
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments....
Bitcoin News / Bitcoinist - 4 months ago
The ongoing legal battle between Nigerian authorities and the crypto exchange Binance has significantly affected the country’s blockchain industry. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) recently expressed its concer...
by COINS NEWS - 4 months ago
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Bitcoin News / Bitcoin.com - 4 months ago
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme...
Bitcoin News / Google News Bitcoin - 4 months ago
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities – Regulation Bitcoin ...& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 4 months ago
A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not...
Bitcoin News / Bitcoin.com - 4 months ago
Two U.S. lawmakers, French Hill and Chrissy Houlahan, have added their voices to calls for the release of jailed Binance executive Tigran Gambaryan. The lawmakers made this call shortly after visiting Gambaryan at Nigeria’s notorious Kuje Prison. Hil...
Bitcoin News / Bitcoinist - 4 months ago
The Nigerian Securities and Exchange Commission (SEC) has launched a new initiative targeted at hastening the registration process of virtual asset service providers (VASP). According to the securities market regulators in the West African nation, t...
Bitcoin News / Bitcoinist - 4 months ago
US lawmakers continue to call for the release of the detained Binance executive Tigran Gambaryan. The ongoing saga between the crypto exchange and the Nigerian authorities intensified when several US Congress members sent a letter urging the Biden ad...
Bitcoin News / Bitcoin.com - 4 months ago
Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the secur...
Bitcoin News / Bitcoin.com - 4 months ago
A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as o...
Cryptocoins News / Finance Magnates - 4 months ago
A Nigerian court has dismissed a fundamental rights enforcement lawsuit filed by Nadeem Anjarwalla, Binance's executive, the local media publication Vanguard reported. This turn of events occurred following Anjarwalla’s escape from lawful custody to...
