cryptocurrency regulation
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Nigeria SEC's Directive: Naira Set to Exit P2P Platforms Amidst Cryptocurrency Manipulation Worries
SEC announces plans to delist Naira from peer-to-peer (P2P) platforms amidst concerns over cryptocurrency manipulation in Nigeria. This move aims to safeguard investors and regulate the digital asset space effectively. In a move to address rising concerns over cryptocurrency manipulation... -
Nigeria Binance Nigeria in Hot Water: Federal Government Files Charges for Tax Evasion
The Federal Government has initiated legal proceedings against Binance, a leading cryptocurrency exchange platform, in a move to enforce tax compliance and bolster fiscal responsibility. Announced by the Federal Inland Revenue Service (FIRS) on Monday, the charges were formally filed at the... -
Nigeria SEC Amendment: Crypto Registration Fees in Nigeria Set to Skyrocket
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... -
Nigeria Nigeria's Crypto Exodus: Binance Ceases Naira Services, Triggers Market Disruption
Binance, one of the world's leading cryptocurrency exchanges, has announced the discontinuation of all services for Nigeria's fiat currency, the naira. The move comes amidst a growing regulatory conflict in the country, signaling a significant shake-up in the cryptocurrency landscape within... -
Nigeria Nigerians Doubtful of Binance CEO's Appearance Before House of Reps
The House of Representatives Committee on Financial Crimes has called upon Richard Teng, the Chief Executive Officer of Binance Holding Limited, to address allegations of terrorism financing and money laundering. The summons, issued by Committee Chairman Ginger Onwusibe, sets a tight deadline... -
Nigeria Binance Fights Back: Accuses Nigerian Government Of Lying About $10 Billion and Rejects any Compensation Claims
Cryptocurrency giant Binance Holdings Ltd has refuted claims of engaging in discussions with the Nigerian government over a potential $10 billion fine. This contradicts an earlier statement by Bayo Onanuga, a media aide to President Bola Tinubu, accusing Binance of illegal activities affecting... -
Nigeria Binance Ban: Government Spokesman Onanuga Warns Nigerians Platform Could Destroy THE ECONOMY
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... -
Nigeria India Seeks to Block Binance and other Cryto Exchange Websites
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...
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