The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
Nigeria News
- 1822
The 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.
5989Under 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).
4968Chukwumaeze Dike, a crypto enthusiast and cybersecurity specialist, said he finds the request for the top 100 users surprising and doubts Binance will comply.
1898The relationship between Binance and the Nigerian government has drastically changed in recent months, according to a recent blog post from the crypto exchange.
1528Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.
12229Senior Binance execs Tigran Gambaryan and Nadeem Anjarwalla have been detained at a government property since Feb. 26.
6769According 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.
46213The pioneering African CBDC has few users, but creating credit histories for them will promote financial inclusion.
6810Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
12583The committee’s Chair, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority and take necessary actions.
31523Bayo Onanuga, an adviser to the Nigerian president, said no decision had been made about a fine on the crypto exchange.
9363The removal of the naira by Binance from its P2P market comes amid claims by Nigerian authorities that the platform contributed to its devaluation.
23167Crypto exchanges have been suspected of destabilizing the Nigerian naira fiat, but the country’s top central banker said Binance moved billions from unidentified users in 2023.
4443Flincap co-founder Nathaniel Luz suggests the Nigerian government address licensing issues for local exchanges instead of blaming the crypto ecosystem for forex challenges.
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