The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
Nigeria News
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Nigerian authorities are investigating how the detained executive fled despite not holding any travel documents.
11055Ray Youssef remains optimistic about Nigeria’s chance of maintaining its position in the crypto ecosystem despite recent regulation challenges.
9518In the motion, the lawyer representing the anti-graft agency contended that Binance’s activities in Nigeria contain elements of criminality.
2879The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
3832The 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.
6385Under 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).
5277Chukwumaeze Dike, a crypto enthusiast and cybersecurity specialist, said he finds the request for the top 100 users surprising and doubts Binance will comply.
1969The relationship between Binance and the Nigerian government has drastically changed in recent months, according to a recent blog post from the crypto exchange.
1638Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.
12506Senior Binance execs Tigran Gambaryan and Nadeem Anjarwalla have been detained at a government property since Feb. 26.
7131According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit.
47417The pioneering African CBDC has few users, but creating credit histories for them will promote financial inclusion.
6965Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
12728The committee’s Chair, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority and take necessary actions.
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