Binance Ceases Nigerian Naira Services Amid Legal Dispute and Currency Turmoil
Cryptocurrency exchange giant Binance has announced the discontinuation of all services involving the Nigerian naira,…
Government
Hungary Proposes Groundbreaking Legislation Allowing Financial Institutions to Embrace Cryptocurrencies
In a landmark move, Hungary has introduced a draft law that could pave the way…
House Financial Services Committee Advances Resolution to Overturn SEC’s Crypto Custody Rule
The House Financial Services Committee has approved a resolution rejecting the Securities and Exchange Commission’s…
Indonesia’s Crypto Tax Revenue Plummets 62% in 2023 Amid Declining Transaction Volumes
In a turn of events, Indonesia has experienced a substantial 62% decline in its cryptocurrency…
UK Authorities Gain Enhanced Powers to Freeze and Seize Crypto Assets in Crime Crackdown
In a move to combat cryptocurrency-related crime, the United Kingdom government has announced that law…
Bankrupt Crypto Exchange FTX Granted Approval to Sell Anthropic Shares Amid Legal Dispute
U.S. Bankruptcy Judge John Dorsey, in Wilmington, Delaware, has approved the proposal by bankrupt crypto…
Namibia and Kenya Added to FATF’s “Gray List” Amid Scrutiny Over Anti-Financial Crime Measures
In a significant development, both Namibia and Kenya have been added to the “gray list”…
Nigeria Restricts Access to Major Centralized Cryptocurrency Exchanges Amid Currency Instability
In an effort to stabilize its rapidly depreciating national currency, the naira, Nigeria has taken…
White House Identifies Digital Assets and DLT as Critical and Emerging Technologies in National Security Paper
The White House Office of Science and Technology Policy (OSTP) has highlighted digital assets and…
Nigerian Blockchain Expert Advocates Cryptocurrency Regulation for Financial Crime Prevention
Adedeji Owonibi, co-founder of Nigerian blockchain intelligence service provider A&D Forensics, has underscored the necessity…