Oladotun Akangbe, the chief marketing officer of Flincap, stated controversies in the Nigerian crypto space are to be expected, considering the country’s growing crypto adoption.
Nigeria News
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According to Uwakwe, the head of Nigeria’s crypto intercommunity working group, investors worry about potential repercussions similar to Binance’s fate when investing in local Web3 companies.
5369The Nigerian government is collaborating with Interpol and Kenyan police to bring Arjarwalla back to Nigeria to face charges leveled against him.
13048Nigeria's currency is collapsing because of financial mismanagement. Now, two Binance employees have been entangled in the government's search for scapegoats.
1313A Nigerian court rejected Tigran Gambaryan’s defense argument and ruled that he acted as Binance’s representative in past trips to Nigeria.
1511Tigran Gambaryan has been detained in Nigeria since March after coming to address concerns about Binance allegedly manipulating the naira.
3017As Nigerian authorities levied more charges against Binance, the exchange issued a statement urging the regulators to let go of its U.S. executive Tigran Gambaryan.
1688Gambaryan’s lawyer requested an adjournment for the NSA and EFCC to respond, which was granted by the judge, who postponed the case to April 8.
14419The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
6801Nigerian authorities are investigating how the detained executive fled despite not holding any travel documents.
11753Ray Youssef remains optimistic about Nigeria’s chance of maintaining its position in the crypto ecosystem despite recent regulation challenges.
9870In the motion, the lawyer representing the anti-graft agency contended that Binance’s activities in Nigeria contain elements of criminality.
2988The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
4166The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
6495Under the updated guidelines, digital asset exchanges and custodians must pay an application fee of 300,000 naira ($186), up from the previous 100,000 naira ($62).
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