An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard
NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or risk falling behind.Greetings President Muhammadu Buhari, The hope of Nigeria lies within this generation. I am proudly a Nigerian descendant living in America and am a proponent of Bitcoin. I write to urge the Nigerian government to pursue economic independence and financial sovereignty by pursuing a national Bitcoin standard. Soon every nation will be faced with this decision, but those who seize the present moment proactively as we have just witnessed in El Salvador, will enjoy....
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The Binance CEO has announced that they restricted the 281 personal accounts of Nigerian users due to a need for compliance with international money laundering laws. The growth of cryptocurrency crimes has been a significant reason for using and enforcing securities laws. Changpeng Zhao, the CEO of Binance, wrote an open letter on Saturday addressing […]
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them.
The Law Does Not Stipulate Who Regulates Cryptos
In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance on cryptocurrencies, a minister in the Nigerian government has called for the regulation of cryptocurrencies.
Rather than clamp down on companies that facilitate crypto transactions, the minister, Clem Agba, argues that forward-thinking regulation would prove more beneficial for....
A Nigerian court has rescheduled the hearing of a tax evasion lawsuit against Binance and some of its executives to May 17. This adjournment represents the latest development in the ongoing regulatory saga between various agencies of the Nigerian government and the Malta-based cryptocurrency exchange. Related Reading: Impending Extradition? Nigerian Authorities Trace Fleeing Binance Exec […]
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restricted at the request of international law enforcement.”
281 Nigerian Accounts Restricted by Binance, CEO Says 79 Cases Have Been Resolved
Cryptocurrency exchange Binance has sent a letter to its Nigerian users. In the letter, Binance CEO Changpeng Zhao (CZ) apologized for the inconvenience caused by delays in resolving customer support requests.
Noting....
The United States government through the FBI recently helped to run a training exercise whose goal is to enhance the capacity of Nigerian cryptocurrency crime investigators, the U.S. Mission Nigeria (USMN) has said. The exercise saw over 50 Nigerian investigators and prosecutors participate. Understanding the Trends In its August 25 tweet, the USMN reveals that the training exercise was held in conjunction with the International Computer Hacking & IP Attorney Advisers (ICHIP) of Addis & Abuja. The mission also explained what the investigators learned from the exercise. “Trainers....