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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The course will evolve in three stages, according to the government’s disclosed implementation strategy.
2023-11-9 13:39 | |
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Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites.
2023-9-5 12:04 | |
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The action will impact how the government formulates inventive technological solutions for critical national challenges.
2023-8-30 11:41 | |
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The National Information Technology Development Agency (NITDA) of Nigeria is to use blockchain technology to issue National Youth Service Corps (NYSC) certificates to combat forgery. The agency’s director general Yusuf Kashafu disclosed this at a policy dialogue on implementing a national blockchain.
2023-8-10 16:00 | |
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Binance faces increasing regulatory scrutiny as a Nigerian trade union calls for the Federal Government of Nigeria to ban the exchange’s operation within the West African nation. In a Tuesday Interview with the News Agency of Nigeria (NAN), Aminu Gwadabe, President of the Association of Bureaux De Change Operators of Nigeria (ABCON), expressed that the […]
2023-8-10 05:00 | |
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The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian government to prohibit the operations of Binance because it was exacerbating the strain on the Naira, according to local media outlet The Cable.
2023-8-10 00:30 | |
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Nigeria's cryptocurrency landscape has experienced ongoing turmoil, with citizens embracing digital assets while the government remains steadfast in its opposition.
2023-6-2 21:13 | |
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ALSO: Former CoinDesk head of research writes that despite government efforts in such large, emerging countries as Pakistan and Nigeria to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
2023-5-23 03:30 | |
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Formal approval for blockchain technology in Nigeria marks an about-face for the government and it could increase Bitcoin adoption.
2023-5-17 15:00 | |
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The Nigerian communications ministry developed a new national blockchain strategy. The government statement made no mention of cryptocurrency, which the government banned in 2021. As part The post Nigeria approves new policy to build a "blockchain-powered" economy appeared first on AMBCrypto.
2023-5-4 18:00 | |
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The Nigerian government has approved its national blockchain policy. It aims to institutionalize blockchain technology and its components in the nation. Nigeria, the most populous country in Africa, is finally ready to bring regulatory clarity to its blockchain industry and…
2023-5-4 13:17 | |
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The policy announcement makes no mention of crypto, which the government cracked down on in 2021.
2023-5-4 11:02 | |
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The Nigeria Federal Executive Council has approved the National Policy on Blockchain drafted by the Federal Ministry of Communications & Digital Economy, paving the way for the formal use of blockchain technology in the country.
2023-5-4 20:30 | |
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Tinubu will replace outgoing President Muhammadu Buhari, under whose government the country issued the eNaira and banned banks from interacting with crypto firms.
2023-3-1 14:13 | |
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Nigeria’s Central Bank Digital Currency (CBDC) e-Naira is failing because of low adoption rates while the government is trying to drive adoption higher, Bloomberg News reported. The post Less than 0.
2022-12-28 17:45 | |
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The cryptocurrency market and bitcoin popularity in Nigeria have been rising in recent years. Despite the ban on crypto trades by the government in 2021, Nigerians continued to engage in cryptocurrency-related activities.
2022-12-19 14:30 | |
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The Nigerian government has imposed new restrictions on ATM withdrawals in an effort to increase usage of the eNaira.
2022-12-10 17:48 | |
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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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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.
Nigeria is preparing to tax cryptocurrency transactions as part of broader efforts to boost government revenue, according to the country’s Securities and Exchange Commission. A bill outlining the tax framework is under review and is expected to pass this quarter,…