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Of course, Nigeria might do well to welcome the crypto industry to the country, which will help jumpstart a financial services industry and contribute to the national coffers. Notably, after Gambaryan and Anjarwalla’s arrest, a Binance spokesperson said that Nigeria was “not yet” one of its top markets, though the country, with a population of […]
The charges, which also name two Binance executives detained by the government, were announced by the Federal Inland Revenue Service (FIRS) and filed at the Federal High Court in Abuja, one outlet reported. The exchange is being charged with four counts of tax evasion, including “non-payment of Value-Added Tax (VAT), Company Income Tax, failure to […]
Former Binance CEO Changpeng Zhao teases educational project. Zhao has emphasized there will be no new tokens. The new project follows Zhao’s resignation amid legal challenges. Former Binance CEO Changpeng Zhao has sparked intrigue within the cryptocurrency community with a cryptic announcement regarding an upcoming educational project. Despite stepping down from his role at Binance, […]
ETHFI, the governance token of liquid restaking protocol Ether.Fi, fell nearly 30% after its market debut. Ether.Fi’s token listed on major exchanges like Binance and OKX. The price of ETHFI, the governance token of liquid restaking protocol Ether.Fi, has declined 30% just hours after its market debut. ETHFI listed on major exchanges, including Binance and […]
The proposed amendments to the rules for crypto issuers, exchanges and custody platforms include increases to all supervision fees. Instead of a 100,000 naira ($64) application fee and a 30 million naira registration fee, the Securities and Exchange Commission (SEC) now wants 300,000 naira with every application and hopes to charge crypto firms a 150 […]
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MYRO price surges post Binance listing. Kangamoon (KANG) project gains traction. $KANG token presale offering investors early entry and growth potential. In a significant development in the cryptocurrency market, MYRO has experienced a significant price surge following in the footsteps of other meme coins like dogwifhat (WIF), PEPE, and Dogecoin (DOGE). At the same time, […]
Nigeria demands Binance user data amid naira speculation. Binance executives detained in Abuja, diplomatic tensions rise. International response to detention adds complexity to conflict. As Nigeria grapples with economic challenges, including currency devaluation, it is pressing Binance for crucial user data amid accusations of currency speculation. The country intensified its crackdown on cryptocurrency activities with […]
According to the FT, Nigeria sees Binance as a crucial link undermining government efforts to stabilize its currency, the naira. Additionally, Nigeria is asking Binance to resolve any outstanding tax liabilities. Binance has removed the naira for trading from its website. Source link
Judges Pierre N. Leval, Denny Chin and Alison J. Nathan applied another court precedent, Morrison v. National Australia Bank, to say that the factors that matter are where the users placed the trades, where they paid for them and where they took on the terms of service – in the case of the plaintiffs in […]