Nigeria Bars Crypto Exchanges Binance, Coinbase
Nigeria cracks down on crypto exchanges amid manipulation concerns, impacting Binance globally.
Huang BoNigeria cracks down on crypto exchanges amid manipulation concerns, impacting Binance globally.
Huang BoNigeria set to lead African crypto market with youth adoption, tech-savvy population, and thriving startups. Challenges and opportunities ahead as the country targets widespread crypto use, focusing on regulatory clarity and tech investment for sustained leadership.
Huang BoThe central bank highlights global trends emphasising the need for oversight in virtual asset services, including cryptocurrencies and cryptoassets.
AlexThe CBN's decision to revoke its ban on cryptocurrency dealings is a landmark moment, expected to catalyze innovation and confidence in Nigeria’s digital finance sector.
AlexYellow Card plans Nigerian market entry as CBN eases crypto regulations.
SanyaNigeria's Central Bank lifts the ban on bank-facilitated crypto transactions, signaling a significant policy shift and renewed market potential.
KikyoSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXNexo partners with Koinly to simplify crypto tax reporting for users, offering tailored tax forms and integrating with over 100 jurisdictions.
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