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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
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
Telegram Mini Apps
are 'Trojan horse’ for mass blockchain adoption: TON Investments Director
By:Zoltan Vardai
#TONCOIN/USDT
The blockchain-based mini-decentralized applications (dApps) on Telegram, also known as Mini Apps , could be a “Trojan horse” for mass blockchain adoption.Starting this month, Telegram channel owners in over 100 countries can start receiving financial rewards for their work after the ad platform opens for all advertisers.
Channel owners will start receiving 50% of the total advertising revenue generated by Telegram from displaying ads in their channels.
TON launched a $115 million community incentive program on March 20, with $38 million for token mining and user incentives, $22 million for airdrops, $15 million for The League developer ecosystem, and $40 million for liquidity pool boosts.
big project on telegram notcoin listing in 2days contact me to start the journey of success #Write2Earn
are 'Trojan horse’ for mass blockchain adoption: TON Investments Director
By:Zoltan Vardai
#TONCOIN/USDT
The blockchain-based mini-decentralized applications (dApps) on Telegram, also known as Mini Apps , could be a “Trojan horse” for mass blockchain adoption.Starting this month, Telegram channel owners in over 100 countries can start receiving financial rewards for their work after the ad platform opens for all advertisers.
Channel owners will start receiving 50% of the total advertising revenue generated by Telegram from displaying ads in their channels.
TON launched a $115 million community incentive program on March 20, with $38 million for token mining and user incentives, $22 million for airdrops, $15 million for The League developer ecosystem, and $40 million for liquidity pool boosts.
big project on telegram notcoin listing in 2days contact me to start the journey of success #Write2Earn
Binance Executive Sues Nigeria’s NSA Over Detention
Binance executives have filed a lawsuit against the National Security Adviser and the EFCC over prolonged detention.
By David Pokima
33 mins ago
STORY HIGHLIGHTS
Detained Binance executives sued the Nigerian government.
Gambaryan asks the court for a release order amongst others.
The crypto community mounts pressure on the government.
Detained Binance executive Tigran Gambaryan has filed a lawsuit against Nigeria’s National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC).
According to reports for local media outlets, Gambaryan sued the NSA on March 28 for an alleged violation of his fundamental human rights seeking five major reliefs from the court. This comes on the back of the arrest and detention of two Binance executives by the Nigerian government.
Represented by his lawyers in Aluko and Oyebode, he approached a Federal High Court in the nation’s capital seeking relief. Bothering on human rights, his lawyers argued the seizure of his international passport was against his constitutional and personal liberty.
He urged the court to grant a return of his passport and immediate release from custody after over three weeks. Furthermore, he sought an injunction against future detention in similar investigations and a public apology from the NSA and EFCC. Finally, he asked the court for the cost of the action on full indemnity.
Gambaryan Recounts Ordeal
He noted that he is an American citizen who came to Nigeria with his colleague on Feb 26 following an invitation from the NSA and EFCC to discuss developing issues regarding Binance in the county.
The Nigerian government alleged that Binance P2P for the naira had an impact on the country’s local currency. This year, the naira was on a free fall losing significant value. The government also alleged three platform’s use in money laundering activities. In reaction, Binance sent executives to negotiate at the government’s request and delisted the NGN P2P options.
#Write2Earn
Binance executives have filed a lawsuit against the National Security Adviser and the EFCC over prolonged detention.
By David Pokima
33 mins ago
STORY HIGHLIGHTS
Detained Binance executives sued the Nigerian government.
Gambaryan asks the court for a release order amongst others.
The crypto community mounts pressure on the government.
Detained Binance executive Tigran Gambaryan has filed a lawsuit against Nigeria’s National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC).
According to reports for local media outlets, Gambaryan sued the NSA on March 28 for an alleged violation of his fundamental human rights seeking five major reliefs from the court. This comes on the back of the arrest and detention of two Binance executives by the Nigerian government.
Represented by his lawyers in Aluko and Oyebode, he approached a Federal High Court in the nation’s capital seeking relief. Bothering on human rights, his lawyers argued the seizure of his international passport was against his constitutional and personal liberty.
He urged the court to grant a return of his passport and immediate release from custody after over three weeks. Furthermore, he sought an injunction against future detention in similar investigations and a public apology from the NSA and EFCC. Finally, he asked the court for the cost of the action on full indemnity.
Gambaryan Recounts Ordeal
He noted that he is an American citizen who came to Nigeria with his colleague on Feb 26 following an invitation from the NSA and EFCC to discuss developing issues regarding Binance in the county.
The Nigerian government alleged that Binance P2P for the naira had an impact on the country’s local currency. This year, the naira was on a free fall losing significant value. The government also alleged three platform’s use in money laundering activities. In reaction, Binance sent executives to negotiate at the government’s request and delisted the NGN P2P options.
#Write2Earn
NTC orders internet providers to block access to Binance
Published March 26, 2024 10:33 AM
Updated March 26, 2024 03:13 PM
By GMA Integrated News
Internet users in the Philippines will no longer be able to access the website of cryptocurrency firm Binance after the National Telecommunications Commission (NTC) issued an order blocking the company's platform in the country.
In a statement on Tuesday, the NTC said it issued a memorandum on March 25 directing all internet service providers to immediately block access to the website of Binance.
The telecommunications regulator issued the order upon receiving the Securities and Exchange Commission's (SEC) letter-request seeking the NTC's assistance in having Binance's website blocked.
The SEC said that Binance offered an investment and trading platform without the necessary license from the Commission.
OTHER STORIES
In its formal request, the SEC said it was seeking to block Binance "in order to prevent the further proliferation of its illegal activities in the Country, and to protect the investing public from its detrimental effects on our economy."
The SEC has said that Binance has been actively employing promotional campaigns on social media to attract Filipinos to engage in investment and trading activities through its platform.
"Considering the size and volume of Binance's operations, however, the SEC ensured that the investing public would have enough time to exit the platform and reposition their portfolio in favor of authorized investment products and platforms," the SEC said.
The development came after SEC announced that its Commission en Banc approved on March 12 the filing of a formal request with the NTC for assistance in blocking the website and other Binance webpages.
The company currently has an average daily trading volume of $65 billion covering more than 402 cryptocurrencies, with a membership of over 183 million, according to the platform's website.
#Write2Earrn
Published March 26, 2024 10:33 AM
Updated March 26, 2024 03:13 PM
By GMA Integrated News
Internet users in the Philippines will no longer be able to access the website of cryptocurrency firm Binance after the National Telecommunications Commission (NTC) issued an order blocking the company's platform in the country.
In a statement on Tuesday, the NTC said it issued a memorandum on March 25 directing all internet service providers to immediately block access to the website of Binance.
The telecommunications regulator issued the order upon receiving the Securities and Exchange Commission's (SEC) letter-request seeking the NTC's assistance in having Binance's website blocked.
The SEC said that Binance offered an investment and trading platform without the necessary license from the Commission.
OTHER STORIES
In its formal request, the SEC said it was seeking to block Binance "in order to prevent the further proliferation of its illegal activities in the Country, and to protect the investing public from its detrimental effects on our economy."
The SEC has said that Binance has been actively employing promotional campaigns on social media to attract Filipinos to engage in investment and trading activities through its platform.
"Considering the size and volume of Binance's operations, however, the SEC ensured that the investing public would have enough time to exit the platform and reposition their portfolio in favor of authorized investment products and platforms," the SEC said.
The development came after SEC announced that its Commission en Banc approved on March 12 the filing of a formal request with the NTC for assistance in blocking the website and other Binance webpages.
The company currently has an average daily trading volume of $65 billion covering more than 402 cryptocurrencies, with a membership of over 183 million, according to the platform's website.
#Write2Earrn
I see potentials yggusdt bullish
YGGUSDT soar to 10$ when listing since then it was consolidating but now there's a chance to 10$ again #YGGSpot
#Write2Erarn
YGGUSDT soar to 10$ when listing since then it was consolidating but now there's a chance to 10$ again #YGGSpot
#Write2Erarn
