OKX exchange exiting Nigeria due to regulatory concerns
Though the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months. Go to Source
Nigeria
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Nigeria’s 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. Go to Source
Binance tax evasion verdict set for October
Binance’s lawyer urged the judge to dismiss all charges, just as the charges against the detained executive were previously dropped, arguing that the case lacks substance. Go to Source
US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’
Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July. Go to Source
Nigerian central bank alleges unauthorized transactions by Binance
In a Nigerian court on Friday, July 5, Binance’s illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval. Go to Source
Nigerian blockchain leader advocates AI to save African languages
The use of blockchain and AI for improvement in various areas of society is essential in Africa now more than ever. Go to Source
Binance vs. Nigeria: A timeline of events
As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far. Go to Source
Opera Mini’s crypto wallet MiniPay now offers USDT and USDC
Since launching in September 2023, Opera Mini’s MiniPay app has amassed 3 million users. Go to Source
Binance exec trial will resume July 5 as family reports health problems
Though Nigeria’s tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering. Go to Source
Nigeria urged to adopt crypto regulations inspired by Europe
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity. Go to Source
