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CATEGORY: nigerian

Nigerian SEC to issue crypto platform licenses as market size grows: Report
Author: Cointelegraph by Pradipta Mukherjee
United States
Source: Cointelegraph.com News
Aug 21, 2024 12:00

Nigerian SEC to issue crypto platform licenses as market size grows: Report

In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading.

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Nigerian crypto wallets tied to protests evade government freeze efforts
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Aug 16, 2024 12:00

Nigerian crypto wallets tied to protests evade government freeze efforts

The discrepancies between the governments claims and the blockchain data highlight the tense dynamic between digital finance and state authorities.

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Nigerian activist receives local support in legal fight to use crypto
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Aug 11, 2024 12:00

Nigerian activist receives local support in legal fight to use crypto

This lawsuit comes amid the Nigerian governments increasingly hostile stance toward cryptocurrencies.

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Nigerian crypto advocates push for regulatory reforms amid protests
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Aug 02, 2024 12:00

Nigerian crypto advocates push for regulatory reforms amid protests

As the protest continues, whether crypto-specific demands will be integrated into the broader movements objectives remains to be seen.

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Binance vs. Nigeria: A timeline of events
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 06, 2024 12:00

Binance vs. Nigeria: A timeline of events

As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.

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Nigeria plans nationwide AI and blockchain research centers
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 05, 2024 12:00

Nigeria plans nationwide AI and blockchain research centers

The research centers are another step toward Nigeria taking a leadership position in artificial intelligence development in Africa.

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Nigerian SEC mandates local offices for crypto firms
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 05, 2024 12:00

Nigerian SEC mandates local offices for crypto firms

The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits and monitoring.

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KuCoin VAT charge raises concerns among Nigerian crypto community
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 04, 2024 12:00

KuCoin VAT charge raises concerns among Nigerian crypto community

The approving authority behind this taxation remains unclear, whether its the Nigerian government or an agency like the Federal Inland Revenue Service (FIRS).

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Nigerian traders integrity restores trust in crypto
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 04, 2024 12:00

Nigerian traders integrity restores trust in crypto

The act of goodwill has gone viral on social media, restoring Nigerians trust in the crypto community.

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Nigerian crypto star out on bail following police detention
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 21, 2024 12:00

Nigerian crypto star out on bail following police detention

Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the countrys growing cryptocurrency sector.

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OKX's exit From Nigeria sparks criticism from crypto analysts
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 19, 2024 12:00

OKX's exit From Nigeria sparks criticism from crypto analysts

OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigerias currency and laundering money.

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Internet Computer Protocol promotes blockchain engagement in Africa
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 15, 2024 12:00

Internet Computer Protocol promotes blockchain engagement in Africa

ICPs DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector.

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Nigerias SEC advised to regulate Bitcoin, Ether as commodities
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 14, 2024 12:00

Nigerias SEC advised to regulate Bitcoin, Ether as commodities

By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets.

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Nigerias SEC urged to regulate Bitcoin, Ether as commodities
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jul 15, 2024 12:00

Nigerias SEC urged to regulate Bitcoin, Ether as commodities

By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of the digital assets.

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Crypto enthusiasts warn against naira trade ban on exchanges
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jun 09, 2024 12:00

Crypto enthusiasts warn against naira trade ban on exchanges

Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the Nigerian government has turned its focus to platforms providing cryptocurrency services.

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Nigerias SEC boss says crypto can aid 38M unbanked
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jun 29, 2024 12:00

Nigerias SEC boss says crypto can aid 38M unbanked

Emomotimi Agama noted that cryptocurrencies like Bitcoin can considerably lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home.

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Nigerian SEC announces new rules, compliance program for digital assets
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
Jun 22, 2024 12:00

Nigerian SEC announces new rules, compliance program for digital assets

While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date.

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Nigerian High Court dismisses Binance execs suit over detention
Author: Cointelegraph by Derek Andersen
United States
Source: Cointelegraph.com News
Jun 20, 2024 12:00

Nigerian High Court dismisses Binance execs suit over detention

Nadeem Anjarwalla escaped prison and traveled to Kenya, and his colleague will press his rights claims in court next month.

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Nigerian crypto community raises alarm over Davido meme token
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
May 31, 2024 12:00

Nigerian crypto community raises alarm over Davido meme token

Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.

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Nigerian prison fails to bring Binance exec to court
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
May 24, 2024 12:00

Nigerian prison fails to bring Binance exec to court

Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue.

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