Nigeria

Highlights: Reps. Hill and McCormick urge the U.S. to classify Binance exec Tigran Gambaryan’s detention in Nigeria as a hostage situation. Gambaryan’s health has severely deteriorated in Nigerian custody, diagnosed with pneumonia and malaria. Sixteen Congress members and ex-federal prosecutors […]

Highlights: KuCoin will implement a 7.5% VAT on transaction fees for Nigerian users starting July 8, 2024. The VAT applies to transaction fees, not transaction amounts, affecting users with Nigerian KYC information. This move follows Nigerian government’s increased scrutiny of […]

Nigeria’s cryptocurrency community has supported the adoption of Europe’s Markets in Crypto-Assets Regulation (MiCA), particularly its stablecoin rules. This enthusiasm stems from believing such regulations could safeguard local currencies while prioritizing national interests in crypto projects. Obinna Uzoije, a policy […]

Highlights: On June 19, a Nigerian court dismissed Binance executive Anjarwalla’s fundamental rights enforcement suit against the NSA and EFCC. On February 28, the Nigerian government detained Anjarwalla and Gambarian in a money laundering case. Anjarwalla fled to Kenya on […]

Highlights: Nigeria’s Senate proposes cryptocurrency regulation to stabilize the national economy. Senator Izunaso emphasizes the need for accountability in Nigeria’s growing crypto market. New SEC Director-General Dr. Agama pledges to enhance capital market growth and create jobs. The Senate Committee […]