2024-4-14 19:57 |
Nigeria’s tax agency filed charges against two Binance execs, who were later detained. But one of them has escaped. Government officials say they found him. origin »
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Crypto exchange Binance, currently facing criminal charges in Nigeria, notably lacked legal representation at its April 4 court hearing in the African nation. Instead, the hearing was only attended by its compliance chief, Tigran Gambaryan, who the Nigerian government has detained since the end of February.
2024-4-4 19:59 | |
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The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla, who is currently on the run, as reported by local media outlet Punch.
2024-4-3 17:55 | |
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Binance has asked the Nigerian government to free one of its two arrested employees after the other reportedly escaped custody late last month.
2024-4-3 16:08 | |
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Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.
2024-4-5 15:29 | |
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Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.
2024-4-3 15:29 | |
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The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights.
2024-3-31 18:01 | |
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Binance’s executives intercepted by Nigerian officials have sued the Nigerian government, saying the local authorities have violated their fundamental rights. Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, have filed a lawsuit against Nigeria‘s national security adviser’s office and the anti-graft…
2024-3-29 10:34 | |
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One of two senior Binance executives in government custody has escaped, local media reported over the weekend.
2024-3-26 11:59 | |
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Notable pro-crypto pressure groups in Kenya and the United States have demanded the release of Binance executives held by the Nigerian government since Feb. 26. Last month, two Binance executives—Tigran Gambaryan and Nadeem Anjarwalla—traveled to Nigeria to address the ongoing issues surrounding the exchange’s operations in the African country.
2024-3-22 15:30 | |
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Nigeria has initiated a bold request to Binance, the world’s leading crypto exchange. The Nigerian government has called upon the exchange to provide comprehensive data on its top 100 users based in the country, alongside a detailed transaction history spanning the last six months.
2024-3-14 00:00 | |
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Negotiations between Binance and Nigeria hit a wall as the government recently requested the exchange to submit local users' data.
2024-3-14 20:36 | |
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The Nigerian government reportedly obtained a court warrant to detain Binance officials for at least twelve days after they insisted they should be taken to their respective countries’ embassies, local media outlet Premium Times reported on Mar.
2024-3-12 17:50 | |
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Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
2024-3-7 15:17 | |
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Binance, the world’s largest cryptocurrency exchange, has suspended all Nigerian naira (NGN) services due to mounting regulatory scrutiny in the country. The decision came as the Nigerian government accused Binance of manipulating foreign exchange rates and demanded significant compensation.
2024-3-6 01:00 | |
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Regulators are being urged to take action against Binance and other exchanges, such as KuCoin and Bybit, in a bid to prevent further manipulation of the Naira.
2024-3-4 04:52 | |
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The Nigerian government has detained two Binance executives. The exchange has been accused of enabling illegal transactions in the country. Binance [BNB] finds itself in potential trouble agThe post Nigeria hits Binance with $10B fine: Is BNB feeling the heat? appeared first on AMBCrypto.
2024-3-2 16:30 | |
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The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance. Local media outlets reported that Bayo Onanuga, the special adviser to the Nigerian president, said the exchange profited from facilitating illegal transactions in the African country while the nation suffered huge losses.
2024-3-3 19:10 | |
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The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
2024-3-1 18:53 | |
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News broke late Wednesday of the Nigerian government blocking access to major cryptocurrency exchanges like Kraken, Binance, and Coinbase, and this came as a shock to many of us (Nigerians). This dramatic move represents the latest escalation in Nigeria’s efforts to shore up the declining naira and curb unregulated cryptocurrency trading.
2024-2-23 00:30 | |
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The Nigerian government has mandated telecom and internet service providers to restrict access to various crypto exchanges, including Binance, Coinbase, and Kraken.
2024-2-23 00:06 | |
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Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.
2024-2-24 20:10 | |
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The Nigerian government is said to be considering blocking Binance and other crypto firms to prevent forex market manipulation and illicit fund movement. Crypto exchange Binance and other digital asset trading platforms are risking being banned in Nigeria, as the…
2024-2-22 12:47 | |
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Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on October 25, 2021, with President Muhammadu Buhari saying Africa’s first Central Bank Digital Currency (CBDC) would “increase remittances, foster cross-border trade, improve financial inclusion and enable the government […] The post eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary appeared first on CryptoSlate.
2022-11-3 18:36 | |
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The National Information Technology Development Agency (NITDA), the Federal Government Agency responsible for the development of the Information Technology sector in Nigeria. Written by Iklima...
2022-10-3 05:40 | |
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The Nigerian government has tapped leading cryptocurrency exchange Binance to help develop a crypto-friendly digital economic zone in the country. Announced on Saturday by the Nigeria Export Processing Zone Authority (NEPZA), the project is targeted at promoting digital entrepreneurship around blockchain technology.
2022-9-5 19:15 | |
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The Nigerian government has entered a three-year Intellectual Property Right (IPR) partnership with Developing Africa Group to launch a country-wide wallet and an IP exchange marketplace. The post Nigeria and Developing Africa Group ink deal to launch a crypto project on Algorand appeared first on CryptoSlate.
2022-5-26 10:30 | |
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The government of Tanzania is looking to launch a central bank digital currency (CBDC) to protect its citizens from cryptocurrency speculators. The post Tanzania Looks to Follow Nigeria in Rolling out Digital Currency appeared first on BeInCrypto.
2022-5-11 16:30 | |
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After Nigeria had instituted a crypto ban for months, the Nigerian Communications Commission (NCC), as well as academics, government officials, and technology enthusiasts, have discussed the advantages of emerging technologies such as Blockchain in boosting the economy.
2022-4-28 04:21 | |
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Nigeria’s top minister wants the government to reconsider its stance on cryptocurrencies. The government official wants the country’s citizens to be able to key into the wave of cryptocurrencies taking over the world.
2021-12-13 21:37 | |
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Cryptocurrency groups in Nigeria are preparing to take on the country's central bank, as both sides dig in over a controversial regulatory decision to limit crypto use and trade in the populous West African nation.
2021-11-25 19:16 | |
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Nigeria has officially launched its CBDC, the eNaira after minor hiccups along the way. The project has been hailed by the country’s government as one that will foster financial inclusion as well as usher in other benefits for the country.
2021-10-27 10:41 | |
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The Nigeria securities regulator has created a dedicated fintech division to study cryptocurrencies. This comes after calls from the government to provide a concrete regulatory framework for crypto-assets.
2021-9-4 19:00 | |
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Nigeria, the most populous black nation, has seen significant growth in Bitcoin adoption. The African country, despite the censorship of cryptocurrency trading by the government, has been one of the leaders in Bitcoin peer-to-peer trading globally.
2021-8-11 18:06 | |
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Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions.
2021-8-7 16:16 | |
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Nigeria’s government is looking to drive blockchain adoption as part of its plans to establish emerging technology centers across the country.
2021-6-24 13:56 | |
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There has been a high level of speculation on the next country that could massively adopt Bitcoin. El Salvador’s new law granting BTC legal tender status has caused excitement, after its approval many politicians and government officials around the globe have shown support for pro-BTC legislation.
2021-6-16 20:52 | |
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Following El Salvador’s decision to grant Bitcoin the status of legal tender, other government officials in the region have hinted at adopting similar measures. Most of the interest seems to have a source in developing countries.
2021-6-14 21:00 | |
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The Government of Nigeria on June 5th announced a ban on the social media platform, Twitter, restricting it from operating in Nigeria through the office of the Minister for Information and Culture. This action reportedly comes after Twitter deleted tweets by the President threatening a repeat of the Nigeria-Biafra 1967 Civil War. The ban has […]
2021-6-7 18:07 | |
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Emefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities.
2021-5-28 12:02 | |
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The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the CBN governor Godwin Emefiele’s response to the allegations is “politically motivated.” […]
2021-4-21 05:30 | |
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This was revealed in Lagos on Nov 24 at the ‘Fintech In Nigeria: State Of Play’ conference organized by The Economist Intelligence Unit and Mastercard. Speaking at the event, Special Adviser on ICT to the Minister, Armstrong Takang stated that the Nigerian government “sees an opportunity” in crypto and blockchain adoption, and will thus create … Continued The post Nigeria’s Finance Ministry to Collaborate With SEC on Crypto Framework appeared first on BeInCrypto.
2020-11-24 23:05 | |
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The Nigerian government continues to devalue its currency, the naira, according to reports from the central bank. The bank offered naira at a recent auction at 380 to the dollar, an increase of over 5%.
2020-7-7 17:13 | |
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A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project.
2020-1-2 23:15 | |
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At present, cryptocurrency is still yet to take its full course in any country on the African continent. With several hinderances from the government and traditional banks, it is nearly impossible for any cryptocurrency, be it Bitcoin or any other altcoin to receive full adaptation from African citizens.
2019-3-7 17:24 | |
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A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading.
2018-11-28 02:10 | |
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The scrappy citizens of Lagos, Nigeria are traders and can-do survivors almost by nature. Their government, however, has mismanaged the nation’s money to such a degree that it’s prone to wild devaluation swings.
2018-6-27 09:40 | |
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The scrappy citizens of Lagos, Nigeria are traders and can-do survivors almost by nature. Their government, however, has mismanaged the nation’s money to such a degree that it’s prone to wild devaluation swings.
2018-6-27 09:40 | |
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KuCoin has been named the only global exchange in the Central Bank of Nigeria’s virtual asset supervisory pilot, showing Nigeria’s push for crypto compliance.
Exchanges must report detailed crypto activity to Nigerian authorities under new identity-based compliance rules effective from January 2026.
The Nigerian Securities and Exchange Commission has issued a renewed warning against Crypto Bridge Exchange. The exchange, also known as ST Technologies International Ltd, Smart Treasure, or Super Technology, has reportedly resumed operations across the country despite lacking regulatory approval.…
Congressman French Hill is bringing Binance executive Tigran Gambaryan as his guest to the State of the Union address. Gambaryan spent eight months in a Nigerian prison on tax evasion and money laundering charges, which were later dropped. Gambaryan, a…
Nigeria’s Federal government has launched another lawsuit against Binance amid a tussle over alleged illegal operations and unpaid taxes.
Nigeria’s Federal Inland Revenue Service (FIRS) has taken legal action against Binance Holdings Limited, demanding over $81 billion in unpaid taxes and penalties. On Nov. 19, local media outlet Nairametrics reported that this claim includes $79.
Ethereum reserves on exchanges have dropped to their lowest level in nearly seven years, signaling a growing trend of long-term holding and self-custody. Data from CryptoQuant shows that only 19 million ETH remain on exchanges, a figure not seen since 2018.