Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.
Nigeria
Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ
The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports
Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held against their will for the past two weeks by Nigerian authorities.
Nigeria’s Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
Nigeria’s SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
Nigeria’s government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
Binance Will Discontinue Its Nigerian Naira Services After Government Scrutiny
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
Nigeria Government Demands $10B From Crypto Exchange Binance: BBC
The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
Nigeria Detains Binance Executives as It Investigates the Crypto Exchange: Reports
Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country.
Bitcoin-Focused Payments App Strike Rolls Out Services to Africa
Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.
Coinbase Pushes Back on Reports It’s Blocked in Nigeria
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.