News with the tag "Nigerian Crypto"

Despite government crackdowns, Nigerian crypto transactions remain robust, with the SEC aiming to formalize the market and ensure transparency.

As the regulatory environment continues to evolve, other local exchanges will likely follow Quidax’s lead and seek to meet the SEC’s requirements.

A Nigerian court has ordered the freezing of nearly $40 million in crypto funds believed to have been used to support nationwide protests against the government. The ruling, amid heightened tensions over the rising cost of living in Africa’s most populous nation, has sparked concerns over the author...

As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment.

A Nigerian pro-Bitcoin politician and activist revealed he filed a lawsuit against several Nigerian authorities for the restrictions on ownership, use, and trade of BTC, USDT, and other cryptocurrencies in the country. The lawsuit comes after the Nigerian government’s stringent measures to try to co...

The outcome of this case could have significant implications for the future of cryptocurrency in Nigeria.

As the protest continues, whether crypto-specific demands will be integrated into the broader movement’s objectives remains to be seen.

OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money.

The act of goodwill has gone viral on social media, restoring Nigerians’ trust in the crypto community.

Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.