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NigeriaVsBinance
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DO YOU KNOW?AND IF NOT WHAT TO DO? if you knew about crypto ten years ago?would you have put effort to understand and start investing? i believe investment should be done after you have done research and study thus knowing and implementing are two different things. crypto industry to me i can say ,its a "GEN Z FARMING" if you don't get it possibly is because you are born on developed countries. in AFRICA we just not misunderstood by our families only ,but even governments don't believe in this world of crypto and they are trying to ban it😱😱.a good example is #NigeriaStandsStrong #NigeriaVsBinance WHAT TO DO? knowledge is everything!!!!!!! it is only through mentorship and study that will save us from poverty and free ourselves from 9-5 blood draining jobs,non valuing and mental torture 🤔🤔🤔. WELCOME TO THE REAL FREE WORLD.#Write2Earrn #Write2Earn‬View
DO YOU KNOW?AND IF NOT WHAT TO DO?
if you knew about crypto ten years ago?would you have put effort to understand and start investing?
i believe investment should be done after you have done research and study thus knowing and implementing are two different things.

crypto industry to me i can say ,its a "GEN Z FARMING" if you don't get it possibly is because you are born on developed countries.

in AFRICA we just not misunderstood by our families only ,but even governments don't believe in this world of crypto and they are trying to ban it😱😱.a good example is #NigeriaStandsStrong #NigeriaVsBinance

WHAT TO DO?
knowledge is everything!!!!!!!
it is only through mentorship and study that will save us from poverty and free ourselves from 9-5 blood draining jobs,non valuing and mental torture 🤔🤔🤔. WELCOME TO THE REAL FREE WORLD.#Write2Earrn #Write2Earn‬View
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--
Baissier
Binance In Nigeria An ex-parte motion filed in Nigeria aims to expose internal information of Binance to regulatory scrutiny. A Federal High Court in Abuja has instructed Binance to provide user data to the Economic and Financial Crimes Commission (EFCC) for an investigation into suspected financial crimes. During a court session on March 18, an EFCC operative mentioned that the agency's Special Investigation Team became aware of potential illicit activities and urged Binance to halt certain trading services. Initially, Nigerian authorities sought transaction records for the top 100 local users for up to six months, but later expanded their request to include all Nigerian customers without specifying the extent of trading activities under investigation. Binance's challenges in Nigeria escalated with the revelation of the Abuja High Court order, which came to light about three weeks after the arrest of two Binance executives. Tigran Gambaryan and Nadeem Anjarwalla were detained in Abuja on Feb. 26 following an invitation from regulatory bodies for discussions. Nigeria's central bank governor, Olayemi Cardoso, claimed that over $26 billion in untraceable funds flowed through Binance, allegedly contributing to the rapid decline of the naira since last year, although no specific data was provided to support this assertion. The government also threatened Binance with a $10 billion fine for purportedly enabling foreign exchange manipulation by permitting users to exchange naira for Tether's USDT on a large scale. In response, Binance highlighted its cooperation with Nigerian authorities since June 2020 and urged maintaining relationships with crypto stakeholders who have a history of constructive engagement. These developments follow Binance's settlement of regulatory issues in the U.S., where it agreed to pay $4.3 billion in penalties to the Department of Justice in a plea deal, and its founder, Changpeng Zhao, stepping down as CEO and surrendering his Canadian passport amid ongoing legal proceedings. #binance #NigeriaVsBinance $BNB
Binance In Nigeria

An ex-parte motion filed in Nigeria aims to expose internal information of Binance to regulatory scrutiny. A Federal High Court in Abuja has instructed Binance to provide user data to the Economic and Financial Crimes Commission (EFCC) for an investigation into suspected financial crimes. During a court session on March 18, an EFCC operative mentioned that the agency's Special Investigation Team became aware of potential illicit activities and urged Binance to halt certain trading services. Initially, Nigerian authorities sought transaction records for the top 100 local users for up to six months, but later expanded their request to include all Nigerian customers without specifying the extent of trading activities under investigation.

Binance's challenges in Nigeria escalated with the revelation of the Abuja High Court order, which came to light about three weeks after the arrest of two Binance executives. Tigran Gambaryan and Nadeem Anjarwalla were detained in Abuja on Feb. 26 following an invitation from regulatory bodies for discussions. Nigeria's central bank governor, Olayemi Cardoso, claimed that over $26 billion in untraceable funds flowed through Binance, allegedly contributing to the rapid decline of the naira since last year, although no specific data was provided to support this assertion. The government also threatened Binance with a $10 billion fine for purportedly enabling foreign exchange manipulation by permitting users to exchange naira for Tether's USDT on a large scale. In response, Binance highlighted its cooperation with Nigerian authorities since June 2020 and urged maintaining relationships with crypto stakeholders who have a history of constructive engagement. These developments follow Binance's settlement of regulatory issues in the U.S., where it agreed to pay $4.3 billion in penalties to the Department of Justice in a plea deal, and its founder, Changpeng Zhao, stepping down as CEO and surrendering his Canadian passport amid ongoing legal proceedings.

#binance #NigeriaVsBinance
$BNB
🔥💼 Nigeria and Binance are locked in a fierce battle over the fate of the naira, the country's currency, and its economy. This isn't just a minor disagreement; it's a full-blown brawl with serious implications! 💥🇳🇬 As tensions escalate, two senior Binance executives find themselves in the eye of the storm, their freedom hanging in the balance for over three weeks now. 🌪️👥 Nigeria is demanding a thorough investigation into Binance's operations, seeking data on its top 100 Nigerian users and a comprehensive transaction history spanning six months. 🕵️‍♂️💰 Facing its worst economic crisis in three decades, Nigeria is grappling with soaring inflation and currency devaluation. President Bola Tinubu and his team are scrambling to attract foreign investors back to the country. But cryptocurrency platforms like Binance, offering an alternative to the struggling naira, have become a thorn in the government's side. 📉💡 When Nigerian authorities clamped down on crypto sites and detained Binance executives in Abuja, it was a clear declaration of war. Binance retaliated by removing the naira from its trading options, sending shockwaves through the financial world. 🚫💼 Amidst accusations of currency manipulation and economic destabilization, Binance faces the prospect of a hefty $10 billion fine. But negotiations are far from over, and the outcome remains uncertain. 💰⚖️ Caught in the crossfire are Nadeem Anjarwalla and Tigran Gambaryan, two individuals representing more than just Binance's interests in Africa. Their detention is a strategic move by Nigeria, perhaps aimed at gaining leverage in the broader economic struggle. 🤝🌍 As the saga unfolds, it draws in various players, from concerned family members to international governments, turning it into a diplomatic chess game with global implications. 🌐🕊️ Stay tuned as the drama unfolds, revealing the intricate layers of this high-stakes battle between Nigeria and Binance. 🎭💼 #NigeriaVsBinance #EconomicBattle 🇳🇬💥
🔥💼 Nigeria and Binance are locked in a fierce battle over the fate of the naira, the country's currency, and its economy. This isn't just a minor disagreement; it's a full-blown brawl with serious implications! 💥🇳🇬

As tensions escalate, two senior Binance executives find themselves in the eye of the storm, their freedom hanging in the balance for over three weeks now. 🌪️👥 Nigeria is demanding a thorough investigation into Binance's operations, seeking data on its top 100 Nigerian users and a comprehensive transaction history spanning six months. 🕵️‍♂️💰

Facing its worst economic crisis in three decades, Nigeria is grappling with soaring inflation and currency devaluation. President Bola Tinubu and his team are scrambling to attract foreign investors back to the country. But cryptocurrency platforms like Binance, offering an alternative to the struggling naira, have become a thorn in the government's side. 📉💡

When Nigerian authorities clamped down on crypto sites and detained Binance executives in Abuja, it was a clear declaration of war. Binance retaliated by removing the naira from its trading options, sending shockwaves through the financial world. 🚫💼

Amidst accusations of currency manipulation and economic destabilization, Binance faces the prospect of a hefty $10 billion fine. But negotiations are far from over, and the outcome remains uncertain. 💰⚖️

Caught in the crossfire are Nadeem Anjarwalla and Tigran Gambaryan, two individuals representing more than just Binance's interests in Africa. Their detention is a strategic move by Nigeria, perhaps aimed at gaining leverage in the broader economic struggle. 🤝🌍

As the saga unfolds, it draws in various players, from concerned family members to international governments, turning it into a diplomatic chess game with global implications. 🌐🕊️

Stay tuned as the drama unfolds, revealing the intricate layers of this high-stakes battle between Nigeria and Binance. 🎭💼 #NigeriaVsBinance #EconomicBattle 🇳🇬💥
$BTC #Naira Sees Unexpected Appreciation Despite Binance Standoff The Nigerian naira has defied some expectations, experiencing a recent appreciation against the US dollar on the parallel market. This comes despite ongoing tensions between the Central Bank of Nigeria (CBN) and global cryptocurrency exchange Binance. In recent months, the naira had been on a downward trend, falling from around 1800 naira to the dollar. However, it has shown signs of recovery, reaching as high as 1250 naira to the dollar. This upward movement comes as a surprise to some who anticipated a continued decline due to the CBN's stance on crypto. The CBN, as you know, has maintained a cautious approach to cryptocurrencies, issuing warnings and restricting banks from facilitating crypto transactions. The February 2024 controversy surrounding Binance's limitations on Nigerian users further fueled concerns about capital flight and a potential weakening of the naira. So, what might be driving this unexpected appreciation? Here are some possible explanations: CBN Intervention: The CBN may have implemented measures to address forex market imbalances, such as increased dollar injections or stricter controls on currency speculation. Improved Oil Prices: A rise in global oil prices, a major Nigerian export, could be leading to increased dollar inflows, strengthening the naira. Shifting Crypto Landscape: While access to Binance might be limited, Nigerians may be finding alternative platforms or methods to manage their crypto holdings, potentially reducing the pressure on the naira from this source. It's important to acknowledge that the situation remains fluid. The naira's future performance will depend on various factors, including the CBN's approach to crypto regulation, global economic conditions, and domestic policy decisions. The coming weeks will be crucial to observe how the naira behaves. If the CBN can maintain its current strategy or find a resolution with Binance, and if economic fundamentals remain stable, the naira's appreciation could continue.
$BTC #Naira Sees Unexpected Appreciation Despite Binance Standoff

The Nigerian naira has defied some expectations, experiencing a recent appreciation against the US dollar on the parallel market. This comes despite ongoing tensions between the Central Bank of Nigeria (CBN) and global cryptocurrency exchange Binance.

In recent months, the naira had been on a downward trend, falling from around 1800 naira to the dollar. However, it has shown signs of recovery, reaching as high as 1250 naira to the dollar. This upward movement comes as a surprise to some who anticipated a continued decline due to the CBN's stance on crypto.

The CBN, as you know, has maintained a cautious approach to cryptocurrencies, issuing warnings and restricting banks from facilitating crypto transactions. The February 2024 controversy surrounding Binance's limitations on Nigerian users further fueled concerns about capital flight and a potential weakening of the naira.

So, what might be driving this unexpected appreciation? Here are some possible explanations:

CBN Intervention: The CBN may have implemented measures to address forex market imbalances, such as increased dollar injections or stricter controls on currency speculation.

Improved Oil Prices: A rise in global oil prices, a major Nigerian export, could be leading to increased dollar inflows, strengthening the naira.

Shifting Crypto Landscape: While access to Binance might be limited, Nigerians may be finding alternative platforms or methods to manage their crypto holdings, potentially reducing the pressure on the naira from this source.

It's important to acknowledge that the situation remains fluid. The naira's future performance will depend on various factors, including the CBN's approach to crypto regulation, global economic conditions, and domestic policy decisions.

The coming weeks will be crucial to observe how the naira behaves. If the CBN can maintain its current strategy or find a resolution with Binance, and if economic fundamentals remain stable, the naira's appreciation could continue.
TECHNICAL ANALYSIS ON NAIRA Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time. Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight I think Nigerians should rejoice, me personally I am rejoicing. #HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders
TECHNICAL ANALYSIS ON NAIRA

Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time.
Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight

I think Nigerians should rejoice, me personally I am rejoicing.

#HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders
Nigerian Govt sends Interpol after fleeing Binance Director Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government. The minister said the International Police (Interpol) were currently on Anjarwalla’s trail. Idris was reacting to the Binance executive’s escape from Nigeria. According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest. His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024. In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive. The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport. The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention. Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court. He was scheduled to appear before the court again on 4 April 2024. #NigeriaVsBinance #nigeriaP2P
Nigerian Govt sends Interpol after fleeing Binance Director

Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government.

The minister said the International Police (Interpol) were currently on Anjarwalla’s trail.

Idris was reacting to the Binance executive’s escape from Nigeria.

According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest.

His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024.

In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive.

The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport.

The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention.

Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court.

He was scheduled to appear before the court again on 4 April 2024.

#NigeriaVsBinance #nigeriaP2P
How Binance Manager escaped from Nigeria The office of the National Security Advisers, ONSA, has confirmed the escape of the Binance regional manager for Africa, Nadeem Anjarwalla. DAILY POST reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion. A statement issued by ONSA head of strategic communication, Zakari Mijinyawa, said Anjarwalla fled Nigeria using a smuggled passport”. Mijinyawa said the personnel responsible for the custody of the suspect has been arrested and investigation has begun. “Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport”. “The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” the statement reads. Meanwhile, Binance in reaction to the development said the safety of its Manager remains top priority. The firm stressed that it is working with the Nigerian authorities to resolve the issue. #NigeriaVsBinance #nigeriaP2P
How Binance Manager escaped from Nigeria

The office of the National Security Advisers, ONSA, has confirmed the escape of the Binance regional manager for Africa, Nadeem Anjarwalla.

DAILY POST reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion.

A statement issued by ONSA head of strategic communication, Zakari Mijinyawa, said Anjarwalla fled Nigeria using a smuggled passport”.

Mijinyawa said the personnel responsible for the custody of the suspect has been arrested and investigation has begun.
“Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport”.

“The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” the statement reads.

Meanwhile, Binance in reaction to the development said the safety of its Manager remains top priority.
The firm stressed that it is working with the Nigerian authorities to resolve the issue.

#NigeriaVsBinance #nigeriaP2P
Nigerian President Tinubu Files for Fresh Order on Binance Execs’ Detention A fresh order sought by President Tinubu to continue holding Binance officials, reflecting a strict cryptocurrency stance. $BTC $BNB $XRP 🎎🎎 2 days ago stake Binance News: Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT STORY HIGHLIGHTS The Federal Government of Nigeria seeks to extend the detention of two Binance officials amid a cryptocurrency crackdown. Tigran Gambaryan and Nadeem Anjarwalla have been in custody for two weeks as investigations continue. Nigeria intensifies efforts to regulate the cryptocurrency market, blocking Binance's website for Nigerian users. #NigeriaVsBinance #nigeriaP2P #BTC🔥🔥🔥🔥 #BrokerTradingScam #BlockchainLeaders
Nigerian President Tinubu Files for Fresh Order on Binance Execs’ Detention

A fresh order sought by President Tinubu to continue holding Binance officials, reflecting a strict cryptocurrency stance.

$BTC $BNB $XRP

🎎🎎
2 days ago

stake
Binance News: Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT
STORY HIGHLIGHTS
The Federal Government of Nigeria seeks to extend the detention of two Binance officials amid a cryptocurrency crackdown.
Tigran Gambaryan and Nadeem Anjarwalla have been in custody for two weeks as investigations continue.
Nigeria intensifies efforts to regulate the cryptocurrency market, blocking Binance's website for Nigerian users.
#NigeriaVsBinance #nigeriaP2P #BTC🔥🔥🔥🔥 #BrokerTradingScam #BlockchainLeaders
Nigeria and crypto Crypto regulation: SEC chief to meet foreign, local crypto exchanges, others Monday 4th May 2024 By Adekunle Sulaimon The newly appointed Director General, Securities and Exchange Commission, Dr Emomotimi Agama, will meet with the local and international crypto exchanges on Monday to discuss and seek consensus on the status of crypto in the country. The meeting convened by the Blockchain Industry Coordinating Committee of Nigeria would address relevant issues and chart a progressive course for crypto regulations. According to BICCoN chair, Lucky Uwakwe, who spoke with Cointelegraph on Thursday, the meeting is open to all digital assets exchange operators, wallet providers, other virtual asset service providers (VASPs), and relevant industry associations and bodies to address relevant issues and chart a progressive course for crypto regulations in Nigeria. Uwakwe explained that the virtual meeting is being convened at the invitation of the SEC chief. He noted that Agama aimed to engage with key stakeholders in the blockchain and cryptocurrency ecosystem to address regulatory challenges and opportunities through collaborative dialogue. The associations include the Blockchain Nigeria User Group (BNUG), the Cryptographic Development Initiative in Nigeria (CDIN), the Digital Currency Consortium (DCC) and the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN). Uwakwe expressed hope that the meeting could spark the right kind of change that would favour all crypto stakeholders in Nigeria and internationally. #CryptoWatchMay2024 #write2earn #NigeriaVsBinance #NigeriaCrypto

Nigeria and crypto

Crypto regulation: SEC chief to meet foreign, local crypto exchanges, others Monday
4th May 2024

By Adekunle Sulaimon
The newly appointed Director General, Securities and Exchange Commission, Dr Emomotimi Agama, will meet with the local and international crypto exchanges on Monday to discuss and seek consensus on the status of crypto in the country.
The meeting convened by the Blockchain Industry Coordinating Committee of Nigeria would address relevant issues and chart a progressive course for crypto regulations.
According to BICCoN chair, Lucky Uwakwe, who spoke with Cointelegraph on Thursday, the meeting is open to all digital assets exchange operators, wallet providers, other virtual asset service providers (VASPs), and relevant industry associations and bodies to address relevant issues and chart a progressive course for crypto regulations in Nigeria.
Uwakwe explained that the virtual meeting is being convened at the invitation of the SEC chief.
He noted that Agama aimed to engage with key stakeholders in the blockchain and cryptocurrency ecosystem to address regulatory challenges and opportunities through collaborative dialogue.
The associations include the Blockchain Nigeria User Group (BNUG), the Cryptographic Development Initiative in Nigeria (CDIN), the Digital Currency Consortium (DCC) and the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN).
Uwakwe expressed hope that the meeting could spark the right kind of change that would favour all crypto stakeholders in Nigeria and internationally.
#CryptoWatchMay2024 #write2earn
#NigeriaVsBinance #NigeriaCrypto
📢📢📢Exclusive: Two crypto startups submit licence application to Nigerian SEC (1)✅✅✅📢📢💰 One month after Nigeria’s Central Bank lifted a ban on crypto, startups are now pushing for SEC licence Two crypto startups have applied for licences from Nigeria’s Security Exchange Commission (SEC) after the central bank lifted its 2-year ban on crypto-related bank accounts, a highly-placed source at the exchange told TechCabal, signaling a push by crypto startups to take advantage of a recent u-turn by regulators. Quidax and Luno, two popular crypto exchanges, reportedly began speaking to the SEC in October 2023, a source familiar with the talks told TechCabal. Luno told TechCabal that it does not comment on discussions or potential discussions with regulatory authorities. Quidax declined to comment for this story. Another crypto company reportedly in talks with regulators is Yellow Card. “We have not made any public moves yet, but it is in the process,” said one person with knowledge of the company’s business. Last week, Yellow Card announced a partnership with American crypto exchange platform Coinbase that will allow Nigerians and people in 19 other African countries to use Coinbase’s wallet, purchase stablecoin (USDC), make remittances, save, and do everyday commerce on the platform. Crypto startups are moving quickly While the ban’s lifting eases business for crypto startups, experts doubt it will magically transform the market, which has found ways around the CBN ban to buy, sell, save, and trade crypto. “Nigerians are very price-sensitive. Some of the platforms sell for about 20% more than relatively risky platforms,” a web3 PR consultant who asked not to be named told TechCabal. “Beyond the exorbitant price, these crypto startups operate with a near-saviour complex and think that it is just enough for Nigerians to have access to the blockchain. If these platforms do not significantly become easier to use, people will continue using what they have been using to transact in crypto.” Follow | Like ❤️ | Quote 🔄 | Comment FOLOW ME FOR MORE TIPS 👇👇👇👇👇👇👇👇👇👇 @Proactiveirontee #BullorBear #NigeriaVsBinance #BullorBear $BNB $BTC $SOL

📢📢📢Exclusive: Two crypto startups submit licence application to Nigerian SEC (1)✅✅✅📢📢💰

One month after Nigeria’s Central Bank lifted a ban on crypto, startups are now pushing for SEC licence
Two crypto startups have applied for licences from Nigeria’s Security Exchange Commission (SEC) after the central bank lifted its 2-year ban on crypto-related bank accounts, a highly-placed source at the exchange told TechCabal, signaling a push by crypto startups to take advantage of a recent u-turn by regulators.
Quidax and Luno, two popular crypto exchanges, reportedly began speaking to the SEC in October 2023, a source familiar with the talks told TechCabal.
Luno told TechCabal that it does not comment on discussions or potential discussions with regulatory authorities.
Quidax declined to comment for this story.
Another crypto company reportedly in talks with regulators is Yellow Card. “We have not made any public moves yet, but it is in the process,” said one person with knowledge of the company’s business.
Last week, Yellow Card announced a partnership with American crypto exchange platform Coinbase that will allow Nigerians and people in 19 other African countries to use Coinbase’s wallet, purchase stablecoin (USDC), make remittances, save, and do everyday commerce on the platform.
Crypto startups are moving quickly
While the ban’s lifting eases business for crypto startups, experts doubt it will magically transform the market, which has found ways around the CBN ban to buy, sell, save, and trade crypto.
“Nigerians are very price-sensitive. Some of the platforms sell for about 20% more than relatively risky platforms,” a web3 PR consultant who asked not to be named told TechCabal.
“Beyond the exorbitant price, these crypto startups operate with a near-saviour complex and think that it is just enough for Nigerians to have access to the blockchain. If these platforms do not significantly become easier to use, people will continue using what they have been using to transact in crypto.”
Follow | Like ❤️ | Quote 🔄 | Comment
FOLOW ME FOR MORE TIPS
👇👇👇👇👇👇👇👇👇👇
@pro_digitalss
#BullorBear #NigeriaVsBinance #BullorBear $BNB $BTC $SOL
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Mbeyaconscious
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Nigerian Central Bank Passes the Buck on Crypto Regulation 🏦💼

In a surprising twist, Nigerian Central Bank Governor, Yemi Cardoso, has shifted the spotlight onto the Securities and Exchange Commission regarding cryptocurrency regulation. Cardoso clarified that while it's not within the realm of the central bank's duties, they remain committed to collaborating with law enforcement and regulatory counterparts. This move adds a new layer to the evolving landscape of crypto governance in Nigeria. 🔄🇳🇬

#APT #SHIB #sui #WIF #DOGE
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