THE DAY FOR $HMSTR IS FINALLY HERE BUT THERES A BIG ISSUE AT HAND FOR UK CITIZENS
Do you know wallet in Telegram will be temporarily restricted for users in the United Kingdom?
Is due to a restructuring that saw Wallet in Telegram join the Open Platform and will be available after the entity registers as a corporate asset provider.
Also, do you know Telegram users in the United States are also restricted from using the Wallet in Telegram app due to financial regulations?
Good News is that Wallet in Telegram users in the UK can withdraw funds to external wallets without fees during this time and will be provided updates regarding accounts.
BINANCE DEMANDS EXECUTIVE RELEASE BEFORE NIGERIAN REGISTRATION
- Binance has made it clear that it will not adhere to Nigeriaâs digital asset regulations until its detained executive, Tigran Gambaryan.
Key Points: - Besides Gambaryanâs release, Binance seeks to resolve ongoing disputes with the Nigerian government. The platform faces allegations of tax evasion, money laundering, and foreign exchange violations.
- Nigeriaâs Accelerated Regulatory Incubation Programme (ARIP) requires virtual asset service providers to open local offices and comply with specific regulatory standards.
- A Binance spokesperson told Nairametrics that while they appreciate Nigeria's progress in digital asset regulations, they are unwilling to proceed with registration until both conditions are met.
âWe are pleased that Nigeria is making progress in the development of its digital assets regime. We hope that someday soon, once Tigran has been freed and our issues are settled, we may seek registration,â the Binance spokesperson reportedly said.
- Binance continues to be popular among Nigerian users, despite restrictions.
The exchange is not currently regulated by the SEC in Nigeria amid ongoing tensions between the company and Nigerian authorities.
Do you think NGN P2P will return to Binance after this dispute has been settled?
Over the last several years, the digital asset sector has grown immensely. The development has seen a host of countries embrace cryptocurrency adoption and the continued growth of the sector.
Yet, that has also required nations to establish their own specified regulatory stance on the asset class.
That process has been a continuous one. Yet, it has been crucial with the rapid growth of the currencies and those adopting them.
Amid that process, the UK government has officially introduced a bill that clarifies cryptocurrency as personal property.
Indeed, the legislation was devised to increase investorâs protection in regard to digital finance options.
What other country will you like this bill to be passed?
IMO: The Federal Republic of Nigeria đłđŹ should follow suit.
In my previous post, I talked about how Kansas Police recover $30k worth of crypto from a Nigeria scammer.
Today, Nigeriaâs Securities and Exchange Commission (SEC) plans to start enforcement actions against businesses and individuals involved in unregulated cryptocurrency transactions.
Emomotimi Agama, the Director-General of Nigeriaâs Securities and Exchange Commission (SEC) said and I quote âWe are certainly going to commence enforcement actions on anyone who wants to operate in this market without the intention of being regulated. For those that do not want to play by the books, we will not allow them to operate within our space.â
According to Agama, the recent approvals of Busha and Quidax in Nigeria were driven by young Nigeriansâ growing interest in digital assets. The official stressed it is essential to provide a clear regulatory framework protecting investors while encouraging innovation.
Do you think #crypto is now here to stay in #Nigeria or itâs a way to get hold of some peopleâs banking details for questioning?
A NIGERIAN STRIKES: *đŁKansas Police Recover Stolen Bitcoin from Nigerian Scammer*
The Attorney General of Kansas has returned Bitcoin to a local resident who fell victim to a Nigerian cryptocurrency scammer. Kansas Attorney General Kris Kobach announced that this is one of the stateâs first successful civil cases against international internet fraudsters.
The victim reported that Nigerian resident Bimbo Toyin Akinyemi had promised high returns on cryptocurrency investments, prompting him to transfer his crypto assets to her.
However, Akinyemi was found guilty of fraud under the Kansas Consumer Protection Act and was ordered to fully compensate the victim and pay a fine. The authorities seized $28,900 in Bitcoin and around $4,000 in other crypto assets from her wallet.
Recently, the U.S. Commodity Futures Trading Commission (CFTC) returned $18 million to investors defrauded by Ikkurty Capital, and last year, the U.S. Department of Justice promised compensation of over $17 million to 800 BitConnect victims.
Stay away from those crypto influencers portraying as crypto traders posting how they made $20k within minute, promising you high returns, this isnât just from Nigerians but other part of the world.
If you must trade with someone, make sure every penny is in your account, controlled by you.
*đŁFour Countries May Crash Bitcoin Price in September*
The governments of the US, China, the UK, and Ukraine might start selling their Bitcoin reserves in September, potentially pushing the price down to $53,000.
The Bitcoin holdings of these countries are estimated at: âą USA: 203,220 BTC âą China: 190,000 BTC âą UK: 61,200 BTC âą Ukraine: 46,350 $BTC
Additionally, MtGox creditors could become another source of selling pressure.
Fears of sell orders, combined with low market liquidity, could drive further volatility in Bitcoinâs price.
#Bitcoin has already dropped by 8% since early August, despite a net inflow of funds into spot Bitcoin ETFs, while global stock and bond indices have risen by 2%.
The Nigerian SEC has issued its first licenses to local crypto exchanges, marking a significant shift in the country's regulatory landscape.
- Busha Digital Limited and Quidax Technologies Limited are the first to receive the green light under Nigeria's Accelerated Regulatory Incubation Program (ARIP).
Despite past tensions, Nigeria's move to license exchanges reflects the country's growing crypto adoption, currently ranked second globally in adoption per population.
đ Bitcoin below $59k was a wake up call that took every traders by surprise.
đ During the night, $BTC dropped below $59k, and $ETH fell below $2.4k. After a brief rebound, the price of #Bitcoin is back to where it was $58,400 at the moment.
In the past 24 hours, positions worth $322 million have been liquidated ($287 million in long positions and $35 million in short positions). đ§
This is really serious, we donât know whatâs next on the line as September seems to be boring as well.
As #Bitcoin finally breaks the resistance, Everyone wants to do two things with their Bitcoin:
đHODL đEarn more
In an ideal world, you could do both at the same time:
Earn $BTC by HODLing BTC, similar to how you can earn more $ETH by HODLing/staking ETH.
BITCOIN on Daily TF, had a flip of the zone and gave a good close. Price had a retest and move higher hits nearly $65,000, and minor retracements can done before moving any up.
1. Start with a daily routine 2. Build your first 2-Tier Alert Technique 3. Prepare entry, exit, and trade management criteria 4. Keep a journal for trade reviews 5. Improve and repeat.
CZ jail Mt Gox Fake recession German sell off Terra Luna Lockdowns Jerome Powell Fake pandemic Grayscale ETF sells Russia Ukraine Israel Middle East Celebrity memecoin rugs 4 years of Joe Biden Sam Bankman-Fried China banning Bitcoin Death of BlockFi and Celsius Who ever wins the election and regardless of wars it doesnât matter.