🚨 Crypto Alert from Nigeria! 🚨

- Two Nigerian crypto firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, have been fined $30,000 for unlicensed USDT to naira transactions.

- The Federal High Court in Abuja, led by Justice Joyce AbdulMalik, also imposed an additional $897 fine on each company.

- This is the third conviction for illegal crypto trading in Nigeria, highlighting the importance of compliance with financial regulations.

💬 What are your thoughts on crypto regulations? Share in the comments!