Tag: cryptocurrency
Securities and Exchange Commission SEC to license crypto, virtual assets providers
By Temitope AinaNigeria’s Securities and Exchange Commission is preparing to introduce licences for providers of virtual assets, including cryptocurrencies, as part of its strategy...
The legal Framework for taxing Cryptocurrencies in Nigeria
This paper by Learned Senior Advocate, Dr Olukayode Ajulo, provides an in-depth examination of the legal status of cryptocurrencies, their validity as legal tender,...
India’s financial Intelligence Unit fines Binance $2.25m for money laundering
By Justice OkamgbaIndia’s Financial Intelligence Unit has imposed a fine of $2.25m (188.2 million rupees) on Binance, the world’s largest cryptocurrency exchange, for operating...
Crypto Regulation: SEC Chief To Meet Foreign, Local Stakeholders
The newly appointed Director General of Securities and Exchange Commission, Dr Emomotimi Agama, will meet with the local and international crypto exchanges on Monday...
CBN’s New Guidelines now allow bank accounts, services for cryptocurrency dealers
By Babajide KomolafeThe Central Bank of Nigeria, CBN, has said that banks and other financial institutions can now provide account opening and other services...
SEC declares Binance operations illegal, warns against crypto assets
By Moses Emorinken, AbujaThe Securities and Exchange Commission (SEC) has declared the activities of Binance in Nigeria illegal.A statement by the Head of Corporate...