Nigeria Sues Binance for $79.5 Billion in Losses, $2 Billion Tax
Nigeria has filed a lawsuit in opposition to cryptocurrency trade Binance, in search of $79.5 billion for alleged financial losses and $2 billion in unpaid taxes. The case, filed on….
Tag: Nigeria
Crypto Taxation Takes Effect in Nigeria: New Regulations Explained
In an effort to accentuate rules over the digital asset market, the Nigerian authorities is introducing crypto taxation. Nigeria’s Securities and Trade Fee (SEC) is spearheading a significant regulatory reform….
Nigeria Unmasks Global Scam, 53 Charged
Nigerian legislation enforcement has uncovered a complicated global crypto scam operation in Lagos throughout a common cybercrime raid. Some of the coordinated actions towards crypto fraud in West Africa this….
Binance CEO Richard Teng Refutes $26B Revenue Claim In Nigeria Lawsuit
Binance CEO Richard Teng has issued a strong response to the Nigerian authorities’s allegations relating to the corporate’s operations within the nation. The continuing authorized battle has seen Binance and….
Nigeria Seizes $37M Crypto In Crackdown Amid Binance Lawsuit
In a dramatic escalation of its ongoing crypto crackdown, Nigeria’s authorities has moved to freeze $37 million price of digital belongings held in digital wallets. This motion marks the tightening….
US Lawmakers Pressure Biden To Secure Binance Exec’s Return From Nigeria
U.S. lawmakers are urging President Joe Biden and prime officers to take quick motion to safe the discharge of Tigran Gambaryan, a Binance government and former federal agent. Moreover, they….
US State Department Assures Support for Detained Binance Employee in Nigeria
The US State Division has confirmed its energetic involvement within the case of Tigran Gambaryan, a Binance government and US citizen detained in Nigeria. Over 70 days have handed since….
Binance Executive Arjarwalla Traced To Kenya as Nigeria Plans Extradition
Fleeing Binance government Nadeem Arjarwalla is reportedly traced to Kenya following his escape from custody. A brand new report from native media outlet Punch says the Nigerian Authorities has traced….
El Salvador, Switzerland, and Nigeria Tops Bitcoin Interests Post-Easter
Bitcoin lovers stay in delight following renewed institutional funding within the cryptocurrency market. The bullish action has led to an upward value motion available in the market chief and an….
Nigeria SEC Plans To Double Capital Requirement For Crypto Exchange Registration
The Securities and Change Fee (SEC) of Nigeria has proposed a major enhance within the minimal paid-up capital requirement for crypto alternate registration. The transfer is aimed toward strengthening oversight….