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Category Nigeria crypto

‘Game Changer’ Crypto Tax Reform: Nigerian Organization Praises FIRS Upcoming Regulatory Overhaul

‘Game Changer’ Crypto Tax Reform: Nigerian Organization Praises FIRS Upcoming Regulatory Overhaul

The Nigerian financial authorities recently announced their plan to overhaul the tax system to add crypto assets. The upcoming proposal, which aims...
Crypto Funds Frozen: Court Halts $38M Allegedly Meant For Nigeria Protests

Crypto Funds Frozen: Court Halts $38M Allegedly Meant For Nigeria Protests

A Nigerian court has ordered the freezing of nearly $40 million in crypto funds believed to have been used to support nationwide protests against t...
Nigeria’s SEC-Crypto License

Nigeria’s SEC-Crypto License

In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including d...
Nigeria Refutes Binance’s Bribery Allegations, Calls Them ‘Diversionary Tactics’

Nigeria Refutes Binance’s Bribery Allegations, Calls Them ‘Diversionary Tactics’

Nigeria has rejected bribery allegations made by Binance, the world’s largest cryptocurrency exchange, labeling them as a “tactic to divert” attent...
Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular

Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular

Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engag...