Nigeria

Highlights: Quidax has discontinued P2P trading amid regulatory pressures in Nigeria’s crypto market. Nigeria’s SEC is imposing stricter capital requirements for crypto service providers. Quidax will shift focus to higher-demand features like instant swaps and order-book trading. Nigerian crypto exchange […]

Highlights: The Nigerian federal government has introduced mandatory crypto transaction reporting systems. The government also plans to tax digital assets as part of efforts to salvage its economy. Crypto wallet handlers must submit either a TIN or an NIN under […]

Highlights: Nigeria SEC backs stablecoin startups within regulatory limits. Startups now operate within the Nigeria SEC’s innovation sandbox. New digital asset rules aim to drive economic innovation. Nigeria has officially announced that it will welcome stablecoin companies to the country, […]

Highlights: Blockchain.com is eyeing Africa expansion by focusing on Nigeria, Ghana, Kenya, and South Africa markets. Nigeria and Ghana lead Africa’s crypto regulatory progress toward formal licensing. In South Africa, the DeFi sector is moving forward rapidly, backed by strong […]

Highlights: Nigeria sues Binance for $81.5 billion over alleged tax evasion and economic losses.  Nigerian authorities claim that Binance has aggravated Nigeria’s currency crisis and violated regulatory policies.  Binance has had more charges of money laundering and unpaid taxes for […]

Highlights: Nigeria’s first compliant stablecoin, cNGN, launched on licensed digital asset exchanges. The stablecoin is pegged 1:1 to the naira and operates across multiple blockchain networks. cNGN aims to improve cross-border payments and digital transactions in Nigeria’s financial sector. Nigeria […]

Highlights: Binance’s BFUSD offers passive rewards for futures traders, with base and boosted APY options. BFUSD can be used as collateral in margin trading while still earning rewards daily. Binance faces legal challenges over alleged money laundering, adding risk for […]

Highlights: The Bilateral Liaison Group enhances US-Nigeria cooperation to tackle crypto crimes and strengthen security. The group’s focus includes training Nigerian law enforcement and improving intelligence sharing. Nigeria’s crypto leadership in Africa drives the need for collaborative regulatory measures and […]

Highlights:  The Nigerian government has dropped the money laundering charges against the Binance executive. In a court hearing, the prosecution stated that Gambaryan is a mere Binance employee. Crypto users hail the decision for his release after months in detention.  […]

Highlights: Tigran Gambaryan’s bail was denied despite his legal team’s claims of urgent medical needs. The US government is advocating for Gambaryan’s release on humanitarian grounds, citing health concerns. Nigerian courts argue that Kuje Prison can manage Gambaryan’s health despite […]

Highlights: Binance CEO Richard Teng calls for Tigran Gambaryan’s release after video reveals inhumane treatment. The surfaced video shows Gambaryan struggling to walk in court, sparking global outrage and demands for his release. Nigerian authorities oppose Gambaryan’s bail despite his deteriorating […]

Highlights: The Nigerian court will announce its ruling on October 11, following a plea of not guilty. Binance faces four counts of tax evasion, including failure to register with Nigeria’s FIRS. Charges against two Binance executives were dropped, but they […]