Nigerian Court Postpones Binance, Tigran Gambaryan Money Laundering Trial to May 17

May 6, 2024 Bitcoin.com

Africa

A Nigerian court recently adjourned the trial of Binance and its executive, Tigran Gambaryan, to May 17. The adjournment came after the cryptocurrency exchange’s attorney stated that he had not received the necessary documents to prepare a defense. However, Nigerian authorities reportedly provided the attorney with an additional 300-page document containing further evidence during a […]

Crypto Broker Fined Nearly .7M for Illegally Providing Access to Digital Asset Exchanges

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

May 5, 2024 Bitcoin.com

Africa

Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts

May 1, 2024 Bitcoin.com

Africa

The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence

April 16, 2024 Bitcoin.com

Africa

The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19

April 5, 2024 Bitcoin.com

Africa

A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held in the custody of the Economic and Financial Crimes Commission. Tigran Gambaryan Accused of […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Binance: Detained Executive Lacks Decision-Making Authority, Must Be Released

April 4, 2024 Bitcoin.com

Africa

Tigran Gambaryan, the Binance employee detained by Nigerian authorities, is a stringent law enforcement professional with no decision-making authority, according to the crypto exchange. Through his Financial Crime Compliance (FCC) team, Gambaryan has responded to more than 600 information requests from Nigerian authorities. Gambaryan Hired to Assist Binance with Past Compliance Issues Tigran Gambaryan, an […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Nigerian Central Bank Not in Charge of Crypto Regulation, Says Governor

March 28, 2024 Bitcoin.com

Africa

According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and regulators overseeing the Nigerian crypto sector. The Central Bank’s Change of Heart In a surprise announcement, Yemi Cardoso, governor of the […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Detained Binance Executive Escapes Custody in Nigeria, Government to Request Interpol Assistance

March 26, 2024 Bitcoin.com

binance nigeria

A senior executive at Binance, who was detained by Nigerian authorities in late February, has since escaped from custody. The executive Nadeem Anjarwalla is believed to have left the country using a Kenyan passport. The Nigerian government confirmed Anjarwalla’s escape and said it would ask Interpol to issue an international arrest warrant. Binance Executive Departs […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Group Urges US President Joe Biden to Secure Release of ‘Kidnapped’ Former Federal Agent

March 18, 2024 Bitcoin.com

Africa

The Chamber of Digital Commerce, a blockchain and crypto advocacy group, has urged U.S. President Joe Biden to assist in securing the release of a Binance executive “kidnapped” by the Nigerian government. The group warned that the Nigerian government’s arbitrary detention of Tigran Gambaryan might establish a dangerous precedent. Questioning the Arbitrary Detention of Binance […]

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country

March 17, 2024 Bitcoin.com

binance nigeria

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 submitted alongside license applications from prospective crypto exchanges. Proposed Regulations to Foreign Operators Targeting Nigerian Users According to […]

Crypto Nigeria