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Nigerian Witness Says Binance Users Operate Under False Identities

A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further…

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Nigeria’s Naira Rated Worst-Performing Currency in H1 of 2024; Kenyan Shilling Named Best Performer

In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it…

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US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria

A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the…

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Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive

The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue…

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Nigerian Court Rules Tigran Gambaryan Can Face Tax Evasion Charges on Behalf of Binance

The Binance executive, Tigran Gambaryan, who is currently in jail, has been deemed eligible by a Nigerian court to represent the cryptocurrency exchange in its ongoing tax evasion trial. A…

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Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms

Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading.…

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Nigerian Court Postpones Binance, Tigran Gambaryan Money Laundering Trial to May 17

A Nigerian court recently adjourned the trial of Binance and its executive, Tigran Gambaryan, to May 17. The adjournment came after the cryptocurrency exchange’s attorney stated that he had not…

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Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges

The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter…

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