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Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare

Bitcoin.com
Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare
Africa
Nigeria Rejects Claims Jailed Binance Executive Denied Quality HealthcareA 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 the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […]
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Nigeria rejects claims of poor prison conditions, health for Binance exec

Coin Telegraph
Nigeria rejects claims of poor prison conditions, health for Binance exec
Binance executive

Mohammed Idris, Nigeria’s minister of information and national orientation, emphasized that Gambaryan enjoys full consular support from his home government.

The Nigerian government has denied claims that Binance executive Tigran Gambaryan is in poor prison conditions. A government minister argued that he receives quality medical care and complete consular services, and he emphasized a commitment to lawful trial and judicial integrity.

In a June 21 statement, Mohammed Idris, Nigeria’s minister of information and national orientation, addressed the claims made about poor prison conditions and Gambaryan’s health.

Idris’ statement comes on the heels of a recent post by two United States Members of Congress, Representative French Hill and Representative Chrissy Houlahan, who visited Gambaryan at the Kuje Detention facility on June 19, 2024. The pair posted a video of the visit on X, calling for his release.

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Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review

Bitcoin.com
Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review
Bitcoin mining
Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in ReviewFormer U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the remaining bitcoin in the U.S. to enhance national energy dominance. Vietnam sees increased interest in gold bullion purchases due to favorable prices at state-owned banks. New York Attorney General Letitia James takes legal action against crypto pyramid schemes targeting […]
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Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover

Bitcoin.com
Nigerian Minister: Binance Fails to Pay Taxes on Over Billion Turnover
Africa
Nigerian Minister: Binance Fails to Pay Taxes on Over Billion TurnoverIn 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by his government. Tigran Gambaryan Detained on Allegations of Contributing to Naira Depreciation […]
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US House Officials Urge President Biden to Free Binance Employee Incarcerated in Nigeria: Report

The Daily Hodl
US House Officials Urge President Biden to Free Binance Employee Incarcerated in Nigeria: Report
Binance
US House Officials Urge President Biden to Free Binance Employee Incarcerated in Nigeria: Report

US lawmakers urge the White House to take action and help a Binance employee who has been held captive in Nigeria since February. Binance Head of Financial Crime Compliance Tigran Gambaryan was detained in Nigeria following his arrival for meetings with government officials regarding the exchange’s compliance issues. In March, the Nigerian government filed charges […]

The post US House Officials Urge President Biden to Free Binance Employee Incarcerated in Nigeria: Report appeared first on The Daily Hodl.

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Nigeria’s interest in Bitcoin unfazed by regulatory restrictions

Coin Telegraph
Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
Bitcoin

Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.

Despite President Tinubu’s administration’s crackdown on peer-to-peer (P2P) cryptocurrency trading, which has sparked outrage among many young Nigerians, their enthusiasm for Bitcoin remains unabated.

According to Google Trends statistics, Nigeria, Africa’s largest cryptocurrency market, is currently the country with the highest interest in Bitcoin (BTC), followed closely by El Salvador.

Geographic analysis reveals that Delta state leads the pack in Bitcoin interest, trailed by states like Anambra, Ekiti, Enugu, Ondo, Ebonyi, Bayelsa, Osun, Edo, and Imo. Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.

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Nigeria seeks crypto clarity one year into Tinubu’s tenure

Coin Telegraph
Nigeria seeks crypto clarity one year into Tinubu’s tenure
Banking

Nigeria's young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry.

There has been a mix of hope and concern for Nigeria’s crypto industry. Stakeholders in the sector have stated that President Bola Tinubu’s government’s actions and policies have left the industry without clarity in the past year. 

In his campaign manifesto, Nigerian President Tinubu pledged to legalize crypto and blockchain technology for the country’s banking and finance sector. This decision was approved due to its potential to strengthen Nigeria's fragile economy.

However, the young population in Nigeria now feels more bewildered by the administration's recent actions against the country's crypto industry. In a statement shared with Cointelegraph, Olumide Adesina, an analyst at Quantum Economics, said there is a need for clarity and support to unlock the sector’s potential.

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SEC Approves Spot Ether ETFs, Jim Rickards Predicts $27K Gold Price, and More — Week in Review

Bitcoin.com
SEC Approves Spot Ether ETFs, Jim Rickards Predicts K Gold Price, and More — Week in Review
bitcoin.com
SEC Approves Spot Ether ETFs, Jim Rickards Predicts K Gold Price, and More — Week in ReviewThe U.S. Securities and Exchange Commission (SEC) has approved significant regulatory filings for spot ether ETFs. Economist Jim Rickards predicts that gold prices could surpass $27,000 based on rigorous analysis. Satoshi Nakamoto’s Genesis wallet now holds over 100 BTC after an accidental transfer added 0.10754671 BTC, bringing its total value to approximately $6.75 million. The […]
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Nigeria’s SEC-Crypto License

Bitcoin.com
Nigeria’s SEC-Crypto License
bitcoin.com
Nigeria’s SEC-Crypto LicenseIn May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, […]
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Detained Crypto Executive Can Face Trial as a Binance Representative, Says Nigerian Court: Report

The Daily Hodl
Detained Crypto Executive Can Face Trial as a Binance Representative, Says Nigerian Court: Report
Binance
Detained Crypto Executive Can Face Trial as a Binance Representative, Says Nigerian Court: Report

A Nigerian court is reportedly ruling that a detained Binance executive can face trial as a representative of the crypto exchange platform. According to a new report by Reuters, a Nigerian court ruled that U.S. citizen Tigran Gambaryan – Binance’s chief financial compliance officer – can stand trial on behalf of the world’s largest crypto […]

The post Detained Crypto Executive Can Face Trial as a Binance Representative, Says Nigerian Court: Report appeared first on The Daily Hodl.

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