KuCoin To Enforce 7.5% VAT On Nigerian Trades Amid Regulatory Changes
Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax (VAT) on trading fees from its Nigerian users on July 8..
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Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigeria’s Blockchain Industry
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence.
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President Tinubu Meets FBI Director To Combat Crime And Terrorism
President Tinubu met with FBI Director Wray to discuss further collaboration between the Nigerian government and the United States. The president urged close.
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How “Fake” Nigerian Central Bank Circular Stoked Crypto Ban Fears
A “fake” circular attributed to the Nigerian central bank had sparked panic amongst crypto faithful in the country. The CBN only helped to.
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Nigerian High Court Ordered Binance To Provide User Data Amidst Allegations Of Criminal Activities
The Nigerian high court has ordered Binance to hand over user data due to allegations of criminal activity. EFCC accuses Binance of money.
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Nigerian Presidential Adviser, Bayo Onanuga, Calls For Measures Against Binance Crypto Exchange
Bayo Onanuga, a special adviser to the Nigerian president, has called for measures against Binance, blaming it for exacerbating the local currency’s depreciation.
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Binance Removed Nigerian Naira From P2P Platform Amid Forex Manipulation Concerns
Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer (P2P) platform. Meanwhile, the Financial.
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The Nigerian government funds AI projects with $290K in grants.
The Nigeria Artificial Intelligence Research Scheme, recently introduced, aims to promote the extensive application of AI to drive economic progress. On Friday, October.
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Over 30,000 Nigerians to Receive Blockchain Education From Governmental Organization
According to reports, the Nigerian government intends to teach more than 30,000 individuals about blockchain technology. The National Information Technology Development Agency (NITDA),.
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Despite the CBN’s ban, Bitcoin P2P trading among Nigerians increased by 16 percent
The Nigerian Central Bank banned banks from assisting cryptocurrency transactions last year, citing the need to safeguard the economy and investors. While many.
