Nigeria’s SEC Proposes New Rule For Virtual Asset Service Providers (VASPs)
Nigeria’s Securities and Exchange Commission (SEC) has announced a new rule that will mandate virtual asset service providers (VASPs) to be incorporated in.
Nigeria’s Securities and Exchange Commission (SEC) has announced a new rule that will mandate virtual asset service providers (VASPs) to be incorporated in.
Against the earlier report, Bayo Onanuga, an adviser to the Nigerian president, said no decision had been made by Nigeria about a fine.
Nigeria demands a $10 billion fine from Binance for causing massive losses by fixing exchange rates. Allegations include that Binance’s actions led to.
Bayo Onanuga, a special adviser to the Nigerian president, has called for measures against Binance, blaming it for exacerbating the local currency’s depreciation.
Nigerian authorities have reportedly detained two senior executives at Binance in a bid to clamp down on naira speculation. According to a recent.
Crypto access issues in Nigeria raise questions about the government’s regulatory intentions. Nathaniel Luz, Flincap’s CEO, suggests the Nigerian government address licensing issues.
Nigeria has taken drastic measures in an attempt to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges.
Binance has set a price cap on the selling price of Tether (USDT) on its peer-to-peer (P2P) platform to ensure compliance with local.
The Central Bank of Nigeria (CBN) has announced new changes in the foreign exchange market, declaring the removal of caps on exchange rates.
On January 25, the official market witnessed Nigeria’s naira falling to a new low at NGN1,398 per greenback, almost converging with the parallel.