U.S. House Committee Demands Nigeria Release Ailing Binance Executive
Key Insights U.S. House Foreign Affairs Committee passed Resolution 1348 demanding Nigeria immediately release Binance executive Tigran Gambaryan and provide…
Nigeria Takes Legal Action Against Unlicensed USDT-Naira Traders
Key Insights Nigerian government files criminal charges against four crypto dealers and several firms for operating without proper licenses. Defendants…
Nigeria Court Freezes $548 Million In Crypto-Linked Accounts, Targets ByBit and KuCoin
Key Insights Nigeria’s EFCC secures court order to freeze $548,600 in bank accounts linked to crypto users on platforms like…
Nigeria Embraces Crypto Regulation, SEC Plans to License Digital Asset Issuers
Key Insights Nigeria’s SEC plans to start licensing issuers of virtual assets, including cryptocurrencies, as the country sees a surge…
Nigeria’s FIRS Announces Plan to Present Crypto Taxation Bill to Parliament
Key Insights Nigeria’s FIRS plans to present a bill for taxing the cryptocurrency industry to the country’s parliament by September.…
Crypto Exchange OKX to Exit Nigeria Citing Regulatory Changes
Key Insights OKX announces discontinuation of services in Nigeria by August 16, 2024, citing recent changes in local laws and…
Binance Faces October Tax Trial in Nigerian Court as Legal Woes Mount
Key Insights Binance is scheduled to face tax evasion charges in a Nigerian court on October 11, with the company…
KuCoin to Impose 7.5% VAT on Nigerian Users’ Transaction Fees
Key Insights KuCoin announces implementation of 7.5% VAT on transaction fees for Nigerian users starting July 8. The source of…
Nigeria Drops Tax Charges Against Binance Executives, Money Laundering Case Continues
Key Insights Nigerian authorities have dropped tax charges against two Binance executives, leaving the crypto exchange as the sole defendant.…