binance

The Economic and Financial Crimes Commission (EFCC) is set to arraign Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, on Thursday, on charges related to money laundering. Gambaryan serves as Binance's head of financial crime compliance, while Anjarwalla is the company's regional...

Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offenses, has reportedly escaped from lawful custody. According to sources familiar with the matter, the 38-year-old British-Kenyan citizen fled on March 22 from the Abuja guest house where...

The Federal High Court in Abuja has granted an interim order requiring Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with detailed information on Nigerian users trading on its platform. Justice Emeka Nwite issued the order following an ex parte motion...

Nigeria's Securities and Exchange Commission (SEC) has proposed significant amendments to the regulations governing platforms offering cryptocurrency services. The suggested changes include a substantial increase in the registration fee for crypto exchanges from 30 million naira ($18,620) to...

In the latest twist to the ongoing saga involving cryptocurrency exchange platform Binance, the Federal Government has made a move to prolong the detention of two of its officials, Tigran Gambaryan and Nadeem Anjarwalla. The duo, consisting of a U.S. citizen and a British-Kenyan national, has...

The Nigerian government, led by influential figure Bola Tinubu, has insisted that Binance, the world's largest cryptocurrency platform, disclose the identities and transaction details of its top 100 Nigerian users. This demand, according to reports by the Financial Times, is at the epicenter of...

Relatives of two top Binance executives detained in Nigeria have spoken out, shedding light on the ongoing legal turmoil surrounding the cryptocurrency exchange platform. The detained officials, identified as 39-year-old Tigran Gambaryan and 37-year-old Nadeem Anjarwalla, were reportedly in...

Bitcoin soared to a new all-time high of $69,200 on Tuesday, driven by a surge in value since US regulators greenlit spot Bitcoin exchange-traded funds (ETFs) in January. The approval by industry giants like Fidelity and BlackRock led to an influx of more than $7.5 billion into the newly...

Cryptocurrency giant Binance is ensnared in a mounting crisis in Nigeria as the nation's parliament deliberates issuing an arrest warrant for the company's executives. During a Monday investigative hearing, the House of Representatives Committee on Financial Crimes issued the threat after...

Boss Mustapha Z. shared his sentiments on the recent actions of National Security Adviser Malam Nuhu Ribadu against Binance executives on X app. Mustapha applauded the bold move, highlighting Binance's alleged involvement in terrorism funding, money laundering, tax evasion, currency speculation...

The Nigerian government has imposed a colossal $10 billion fine on Binance, a prominent cryptocurrency trading platform, citing its alleged role in exacerbating the country's ongoing foreign exchange crisis. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu...

The Office of the National Security Adviser is set to extend its investigation into cryptocurrency operations by summoning executives from various platforms in Nigeria. This development follows the recent detention of two senior Binance executives, revealed by the Financial Times. Sources...

Amidst growing concerns over the impact of cryptocurrency trading on Nigeria's economy, Presidential spokesman Bayo Onanuga has issued a stern warning against the popular exchange platform Binance, alleging its potential to dismantle the country's financial stability. Speaking on a televised...

Following weeks of speculation, the Financial Times has confirmed the arrest of two high-ranking Binance executives in Nigeria. The arrests occurred after the Nigerian government implemented a ban on the cryptocurrency exchange's website, leading to heightened tensions in the country's crypto...

Nigerian government has taken measures to block online platforms, including Binance, OctaFX, Coinbase, and others. The decision aims to curb what the government perceives as continuous manipulation of the forex market and illicit movement of funds. Reports suggest that the Nigerian...

In an unexpected turn of events, Binance, the world's largest cryptocurrency trading platform, has confirmed its collaboration with President Bola Tinubu's administration to block Nigerians from engaging in dollar-naira trade on its platform. The announcement, made in a commitment to P2P users...

The Financial Intelligence Unit (FIU) under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency and virtual digital assets platforms, including major players like Binance and Kucoin, for non-compliance with anti-money laundering laws. The FIU, responsible for...

Image Credit: Mehrdad Esfahani/SNN Portuguese football sensation Cristiano Ronaldo is entangled in a class-action lawsuit in the United States, accused of causing financial losses to investors who followed his promotion of Binance, the world's largest cryptocurrency exchange. The plaintiffs...