Tag: CBN
Detained Execs, Daring Escapes: How Binance’s $35 Million Battle With Nigeria Unfolded – Decrypt
Binance’s operation in Africa's biggest cryptocurrency market is under intense scrutiny, with Nigerian authorities accusing the crypto giant and a host of other exchanges...
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Nigeria Denies Report Of $10B Binance Fine
Against the earlier report, Bayo Onanuga, an adviser to the Nigerian president, said no decision had been made by Nigeria about a fine on...
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 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 Accusations Of Manipulating Nigerian Naira Following ‘Glitch’ Affecting Peer-to-Peer Traders – CryptoInfoNet
“`htmlSpecial adviser to the President of Nigeria, Bola Tinubu, Bayo Onanuga, criticized Binance for allegedly influencing the Nigerian exchange rate and overstepping the boundaries...
Binance Is Not Responsible for the Steep Decline of the Nigerian Naira, Company Fights Back
In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward...
Advancing Cryptocurrency Regulation in Nigeria: A Critical Necessity
Adedeji Owonibi advocates for Nigerian cryptocurrency regulation to combat financial crimes and ensure the industry's security and scalability, addressing the complexities of tracking illicit...
Nigerian Currency Depreciation: Central Bank Of Nigeria (CBN) Head Reaffirms Commitment to Reviving Confidence in the Economy
Olayemi Cardoso, the Central Bank of Nigeria (CBN) governor reaffirms commitment to reviving confidence in the economy amidst Nigerian currency depreciation.
The...
Kraken Obtains Dutch License, Expands Crypto Services In Europe
Cryptocurrency exchange Kraken has recently obtained a Dutch license to operate its crypto services in the Netherlands and across Europe.
Obtaining the...
Regulatory and Legislative Analysis – January 2024
Regulatory and Legislative Analysis – January 2024February 3, 2024Demetrios TseasRegulatory and Legislative Analysis – GLOBALInterpol releases analysis of the Metaverse’s key challenges threats and...
Nigeria’s Naira Plunges To A New Low As The CBN Governor Reacts
On January 25, the official market witnessed Nigeria’s naira falling to a new low at NGN1,398 per greenback, almost converging with...
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