Coinatory

Nigerian Court Rejects Binance Exec’s Health Bail Amid Money Laundering Case A Nigerian court has denied the bail application of Binance executive Tigran Gambaryan, who faces charges of money laundering and currency manipulation, despite growing concerns over his deteriorating health. On Friday, October 11, the court dismissed the request for medical bail, according to Bloomberg, but instructed prison authorities to ensure Gambaryan receives hospital treatment. The U.S. executive’s legal team has repeatedly raised ala... cryptocurrency news

Nigeria’s FIRS Pushes for Comprehensive Crypto Regulation Nigeria's Federal Inland Revenue Service (FIRS) is moving to modernize the country's tax system by introducing a comprehensive law aimed at regulating cryptocurrencies. The initiative, driven by FIRS Executive Chairman Zacch Adedeji, was unveiled during a recent engagement with the National Assembly’s Finance Committees. Scheduled for introduction in September, the proposed legislation reflects a broader effort to adapt Nigeria’s tax framework t... cryptonews

Nigeria's Finance Minister Urges SEC to Strengthen Cryptocurrency Regulations Nigeria’s Finance Minister, Wale Edun, has advocated for robust cryptocurrency regulations, emphasizing the need for comprehensive oversight as the country introduces its newly inaugurated Securities and Exchange Commission (SEC) board. Edun's call for action was reported by local media, highlighting the complexities and rapid pace of the cryptocurrency sector. He stressed that stringent oversight is essential to maintain the integrity of Nig... Nigeria's Finance Minister Urges SEC to Strengthen Cryptocurrency Regulations

According to the Coin Dance service, by now Bitcoin has 111 states that legalized to one degree or another. Resource analysts emphasize that Nigeria occupies a special place in the ranking, where bitcoin operations can be carried out, but such transactions do not comply with local legislation. According to the latest data, over the past 24 hours, the total volume of transactions using BTC paired with the Nigerian naira amounted to about 0.03% of the total volume of transactions with the largest digital currency. In Indonesia, bitcoin operations are not formally prohibited, but they are “limited”. In Vietnam, you can legitimately invest in Bitcoin and keep savings in such an asset, but it is prohibited to use the coin as a ... Read more about " Bitcoin can be legally used in over 100 countries " on coinatory.com