Tag: Nigeria

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Nigerian Police Arrest Crypto Star for Fraud Crackdown

The Nigerian Police Force has escalated its efforts against crimes involving cryptocurrencies by detaining well-known crypto figure Linus Williams, who is popularly known as BLord. The arrest was confirmed by the Force Public Relations Officer, Olumuyiwa Adejobi, through a statement issued on July 17. According to the announcement made on X, BLord was arrested due […]
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Nigerian SEC Issues New Digital Asset Rules and Compliance

The Nigerian securities regulator announced on June 21 that it had updated the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […]
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Nigerian Government Imposes $10 Billion Fine on Binance

The Nigerian government has imposed a substantial fine of $10 billion on Binance as part of its efforts to stabilize the country’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, disclosed this fine in an interview with the BBC, as reported by Premium Times on Friday. According to Onanuga, […]
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Nigeria fined Binance $10 billion while investigating crypto exchanges

The Nigerian government has imposed a substantial fine of $10 billion on Binance as part of its efforts to stabilize the country’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, disclosed this fine in an interview with the BBC, as reported by Premium Times on Friday. According to Onanuga, […]
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