Cryptocoins News / Blockchain - 1 month ago
Binance must supply Nigerian user data to the EFCC as the Nigerian High Court cites money laundering risks, highlighting crypto's impact on the naira's stability. (Read More)
Bitcoin News / Bitcoin.com - 1 month ago
Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border paymen...
Bitcoin News / Bitcoin.com - 1 month ago
A Nigerian high court has ordered Binance to provide the Economic and Financial Crimes Commission (EFCC) with comprehensive data relating to all Nigerian traders on its platform. The EFCC alleges it has discovered instances of price discovery, confir...
Cryptocoins News / Finance Magnates - 1 month ago
A federal court in Nigeria has ordered Binance to disclose the data or information of all persons on its platform from the country to the Economic and Financial Crimes Commission (EFCC). The interim order by Justice Emeka Nwite came with the ruling o...
Bitcoin News / Bitcoin.com - 1 month ago
The Nigerian fintech startup, Chipper Cash, recently abolished the roles of 20 workers based in the U.S. and U.K. The CEO Ham Serunjogi said this decision aligns with its goal of maintaining high operational efficiency and moves the startup closer to...
Bitcoin News / Bitcoinist - 1 month ago
Nigeria’s Securities and Exchange Commission has proposed to raise the registration fees for virtual asset service providers (VASP) seeking an operational license. This development is accompanied by other changes in the regulations governing th...
Bitcoin News / Bitcoin.com - 1 month ago
The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be subm...
Bitcoin News / Bitcoin.com - 1 month ago
Nigeria is not yet among Binance’s top markets despite being a leading global crypto market. However, the crypto exchange said it recognizes the West African country’s “extraordinary potential,” which is one reason...
Bitcoin News / Bitcoin.com - 1 month ago
Tigran Gambaryan, a former U.S. federal agent, is one of two Binance executives being held without charge by Nigerian authorities. A local court approved the executives’ 14-day detention. Recent media reports suggest that Nigerian officials have requ...
Bitcoin News / Bitcoinist - 1 month ago
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...
Cryptocoins News / Finance Magnates - 1 month ago
Amidst Nigeria's economic struggles, marked by currency
devaluation, a tense confrontation has arisen between the government and the cryptocurrency platform Binance. The situation escalated with the detention of
two senior Binance executives, Nadeem...
Cryptocoins News / CoinJournal - 1 month ago
Nigeria demands Binance user data amid naira speculation.
Binance executives detained in Abuja, diplomatic tensions rise.
International response to detention adds complexity to conflict.
As Nigeria grapples with economic challenges, including curre...
Bitcoin News / Bitcoinist - 1 month ago
Two senior executives from cryptocurrency exchange Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been detained against their will by Nigerian authorities, according to a recent report by Wired.
Families Of Detained Binance Executives Seek An...
Bitcoin News / Bitcoin.com - 1 month ago
The Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of the local currency. The continued volatility of the naira is expected to result in erratic regulation, primarily affecting businesses tha...
Bitcoin News / Bitcoin.com - 1 month ago
Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial innova...
Bitcoin News / Bitcoin.com - 1 month ago
Binance, one of the leading crypto exchanges, has said it will discontinue all Nigerian naira services on March 8. The crypto exchange’s decision to drop trading pairs that feature the naira follows weeks of attacks and an official crackdown o...
Bitcoin News / Bitcoinist - 1 month ago
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 r...
Cryptocoins News / Finance Magnates - 1 month ago
Binance declared today (Tuesday) that it will terminate
all Nigerian naira services amidst an escalating legal battle with the Nigerian
government. The move comes as a blow to users and investors in Nigeria, a
country that has emerged as one of the w...
Bitcoin News / Bitcoin.com - 1 month ago
Nigerian blockchain lobby group has said the government’s decision to block access to crypto trading like Binance, Kraken and Coinbase will not “help Nigeria build the much-needed trust and confidence in the financial system.” The a...
Cryptocoins News / Blockchain - 1 month ago
Binance announces the discontinuation of all services tied to the Nigerian Naira (NGN) as it navigates the evolving regulatory landscape. (Read More)