Global #nigeria

Binance, the world's largest cryptocurrency exchange, is currently entangled in a multifaceted legal dispute with Nigerian authorities, who have leveled accusations of money laundering, tax evasion, and currency speculation against the exchange.

Ginger Onwusibe, Chairman of the House of Representatives Committee on Financial Crimes, strongly denied Binance's recent accusation that Nigerian authorities sought a $140 million bribe.

Nigerian cryptocurrency stakeholders are urging Binance to disclose the identity of the individual who allegedly offered a bribe, asserting that this transparency is crucial for substantiating their claims.

Nigeria is gearing up to implement new regulations aimed at prohibiting peer-to-peer (P2P) cryptocurrency exchange involving the national currency, the Nigerian naira.

Binance CEO Richard Teng has called for the immediate release of the exchange's executive, Tigran Gambaryan, who has been detained in Nigeria for over 70 days.

The CEO of Patricia, Nigeria's first local cryptocurrency exchange, Fejiro Hanu, has refuted reports that the company is closing, branding them as a clickbait media stunt.

Nigeria is working to improve Know Your Customer (KYC) compliance in both traditional and cryptocurrency investment.

Claims that the Central Bank of Nigeria (CBN) gave local banks orders to freeze customer accounts connected to unlicensed cryptocurrency exchanges have been denied.

In order to investigate possible collaboration opportunities, the United States of America (U.S.A.) and Nigeria are prepared to have talks about the digital economy, cutting-edge technology, and the development of artificial intelligence (AI)

The bail request of Tigran Gambaryan, the CEO of Binance who is now being jailed at the Kuje detention center, was delayed by a Nigerian court. The commissioner for the economy and financial crimes filed an application with Justice Emeka Nwite, the head of the Federal High Court in Abuja, requesting an extension of time to provide a thorough answer to the charges that Gambaryan's attorney had added to his defense.

Predicted data indicates that the interest in the "Bitcoin halving" on Google has increased to an all-time high, more than twice that of the last halving in 2020.

The judge approved Gambaryan's attorney's plea for a postponement so the NSA and EFCC could respond, delaying the hearing for April 8.