Nigeria
Nigeria Charges Binance With Tax Evasion After Detained Exec Escapes: Reports
One of two senior Binance executives in government custody has escaped, local media reported over the weekend.
BTC Tumbles Below $63K; BVM Brings AI to the Bitcoin Network
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the slip in bitcoin that sent the largest cryptocurrency by market cap below $63,000. Plus, the latest on Bitcoin Virtual Machine's (BVM) release of a platform that allows users to spin up AI models. And, the Binance saga continues in Nigeria.
Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on Its Platform: Report
The interim order comes after an earlier report that Nigeria wanted Binance to give information regarding its top 100 users in the nation and all transaction history spanning the past six months.
Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the government blamed crypto for recent economic woes.
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.
Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users
Nigeria is also demanding all transaction history spanning the past six months from Binance.
El Salvador Bags Major Bitcoin Gains; Hong Kong's Stablecoin Push
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including El Salvador's major gains from the recent bitcoin (BTC) rally. The Central American nation is sitting on $84 million in unrealized profit on the holdings it first started acquiring in September 2021. Plus, the Binance saga continues in Nigeria, and Hong Kong starts a regulatory sandbox for potential stablecoin issuers.
Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports
"We are working collaboratively with Nigerian authorities to bring Nadeem and Tigran back home safely to their families,” a Binance spokesperson told CoinDesk.
AI-Linked Tokens Surge on Nvidia Hype; Nigeria's SEC Cracks Down on Crypto
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the 25% surge in artificial-intelligence tokens over the past 24 hours, according to data tracked by CoinGecko. Plus, Nigeria's SEC updates guidelines for crypto firms in an attempt to stop "criminal activities." And, the latest announcement from Hong Kong’s Central Bank on a wholesale CBDC project.
Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to cash use in the country.