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Tag: binance nigeria

FG Plans To Implement Strict Regulations For $57 Billion Crypto Businesses In Operation Rescue Naira – CryptoInfoNet

The Federal Government may consider the suspension of the $56.7bn peer-to-peer cryptocurrency market after a crucial meeting between the Securities and Exchange Commission, and...

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Binance CEO Richard Teng asked to appear before Nigerian committee

Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives...

Nigeria Seeks $10 Billion in Damages from Binance

Nigerian government demands $10 billion from Binance, alleging cryptocurrency exchange's activities have adversely affected the Naira and the country's economy. The Nigerian government is...

Nigeria reportedly considers $10 billion Binance fine over illegal transactions and registration

The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance.Local media outlets reported that Bayo Onanuga, the special adviser...

Nigeria Imposes Ban On StableCoin Sales On Crypto Exchanges As Crackdown Continues – CryptoInfoNet

Several crypto companies in Nigeria, including Binance, are discontinuing the purchase of USDT and USDC stablecoins using the Naira, a new report says.“There was...

Binance Faces Regulatory Storm as Executives Detained in Nigeria

Two senior executives at Binance have been detained in Nigeria as the country intensifies efforts to curb speculation on its currency, the Financial Times reported. This...

Nigeria’s SEC Declares Binance’s Operations Illegal, Citing Lack of Registration – Investor Bites

SNEAK PEEK Nigeria’s SEC declares Binance’s operations illegal due to lack of registration and regulation. Binance clarifies no affiliation with Binance Nigeria Ltd amid...

Cryptocurrency Regulatory and Legislative Analysis #11

Cryptocurrency Regulatory and Legislative Analysis #11July 5, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALBasel Committee on Banking Supervision publishes guidelines for cryptoassets treatment The...

Binance sends cease and desist notice to fraudulent Nigerian entity

Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited. On Sunday,...

Prof. Alexander: ‘I’m not sure SEC will succeed against Binance’

Professor Carol Alexander says the U.S. SEC may lose to Binance. She reiterated the need for crypto...

Nigerian SEC Orders Binance to Halt Operations Calling It Illegal

21 mins ago | 2 mins read Exchange News Binance’s activities are “illegal”...

Nigeria regulator halts Binance operations: Report

It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria's securities authority reportedly deemed the exchange illegal, just days after...

Nigeria’s SEC orders Binance Nigeria Limited to stop operations

Nigeria’s SEC said Binance Nigeria Limited is neither registered nor regulated and its operations in Nigeria...

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