Nigeria is taking strict actions against cryptocurrency trading, with plans to ban peer-to-peer (P2P) crypto trading and declaring it a national security issue. The country is set to introduce new regulations and may delist the Naira from P2P trading platforms. Binance, the largest cryptocurrency exchange, is facing challenges in Nigeria, with its founder receiving a prison sentence in the US for money laundering. Nigerian officials are accused of pressuring Binance for secret crypto settlements, leading to tensions between the government and the exchange.
🚨CRYPTO LEADERS IN NIGERIA DEMAND THAT BINANCE REVEAL IDENTITY OF AGENT THAT TRIED TO BRIBE THE EXCHANGE🚨 - Only this week @Binance CEO, @_RichardTeng, revealed that individuals unknown requested a secret bribe in order to make the exchanges issues in Nigeria “go away”. -… https://t.co/3oFbBcPAG9 https://t.co/P45KH5AvaD
🚨BREAKING: NIGERIAN CRYPTO LEADERS DEMAND THAT @BINANCE REVEAL IDENTITY OF AGENT THAT TRIED TO BRIBE THE EXCHANGE
UPDATE: Binance CEO reveals Nigerian officials suggested settling legal issues with a $150M secret crypto payment. Here are the crucial details…↓ #Nigeria #Binance (By: @ComposableD) https://t.co/xRYVTgFLER
Binance CEO Richard Teng alleged in a blog post that the Nigerian government is holding exchange executive Tigran Gambaryan in "a dangerous prison in order to control Binance." More: https://t.co/1vIH3fZ4wF
Binance Founder Jailed, Execs Detained in Nigeria Amid Crisis Read More: https://t.co/hyZbHYUaMg
After 10 weeks of criminal charges, jailed executives, and now a looming trial, @binance CEO @_RichardTeng has broken his silence with a lengthy blog post on the situation in Nigeria... Here's the report from @DLNewsInfo https://t.co/5Q2zdEoYLh
BINANCE CEO CLAIMS NIGERIAN OFFICIALS HAVE SOUGHT SECRET CRYPTO SETTLEMENTS - Binance CEO Richard Teng claims that unknown Nigerian officials attempted to pressure the cryptocurrency exchange into settling serious allegations with secret crypto payments. - This unsettling… https://t.co/jrjeR8zjo3 https://t.co/ZTtVkNeX9g
Sources and messages: Binance compliance officer Tigran Gambaryan told executives and Nigerian contacts of a $150M crypto bribe request, prior to his arrest (New York Times) https://t.co/VS7K46UovD 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hF695GOJm0
🚨JUST IN: UNKNOWN NIGERIAN OFFICIALS APPROACHED BINANCE EMPLOYEES AND SUGGESTED SETTLING ALLEGATIONS WITH CRYPTO PAYMENTS, BINANCE CEO, RICHARD TENG CLAIMS
UPDATE: The detention of Tigran Gambaryan and Nadeem Anjarwalla after being invited for talks in Nigeria sets "a dangerous new precedent for all companies worldwide," @binance CEO @_RichardTeng wrote. By @amitoj and @sheldonreback. https://t.co/w468mZjpcM
📣 Latest News: Nigerian officials proposed secret crypto settlement, claims Binance CEO #news #cryptonews #crypto
Nigeria sets dangerous precedent by detaining Binance execs, CEO says https://t.co/1vuThsy8IX https://t.co/LREz1TXlu1
📣 Latest News: Nigeria to ban peer-to-peer crypto trading in naira #news #cryptonews #crypto
BREAKING: Binance CEO Richard Teng decries ‘deeply distressing ordeal’ for jailed exec in Nigeria https://t.co/r9vKl4yCrz
Binance CEO Richard Teng says the Nigerian government has made a "dangerous precedent" for all companies worldwide following the detention of the exchange's two employees https://t.co/gDmSaCR2km
The Nigerian authorities, who arrested two Binance executives, said that they will ban the use of its fiat currency Naira for P2P cryptocurrency transactions and will introduce new regulations in the next few days, covering cryptocurrency trading platforms, digital asset…
JUST IN: NIGERIA SEC ANNOUNCED PLANS TO DELIST THE NAIRA FROM ALL PEER-TO-PEER (P2P) CRYPTO TRADING PLATFORMS
.@binance CEO @_RichardTeng reiterated his demand for Nigeria to release "beloved colleague" Tigran Gambaryan, saying the executive's detention sets a "dangerous new precedent." @sheldonreback reports. https://t.co/0LKChsyZrd
ICYMI: Nigeria plans to ban peer-to-peer (P2P) crypto trading, citing national security concerns. This regulatory shift follows the NSA's classification of crypto trading as a threat. Fintech firms like Moniepoint, Paga, and Palmpay face disruption... https://t.co/uuTT9RLF1E
Nigeria Mulls Over Banning #P2P Crypto Transactions; Labels #Crypto Trading as National Security Concern https://t.co/0jEqRHg0w7
Nigeria Considers Banning #P2P #Crypto Transactions; Crypto Trading Labeled a National Security Issue https://t.co/0jEqRHg0w7
Nigeria to Ban P2P Crypto Trading Over Security, SEC Meeting on Monday Read More: https://t.co/kEcktXLMlq
UPDATE: Nigeria set to ban P2P crypto trading, citing national security concerns, according to recent reports. Don’t miss out on the details…↓ #Nigeria (By: @ComposableD) https://t.co/uuTT9RLF1E
NIGERIA SET TO BAN P2P CRYPTO TRADING, DECLARES CRYPTO A NATIONAL SECURITY ISSUE - Nigerian fintech startups, including @moniepointng , Paga, and @palmpay_ng , are poised to block accounts engaging in cryptocurrency transactions, following Nigeria’s National Security Adviser… https://t.co/JMQDWpiH94 https://t.co/TXR3Q8FnWQ
🚨BREAKING: NIGERIA TO BAN PEER-TO-PEER CRYPTO TRADING ~ MONIEPOINT CEO
Binance, the biggest platform for exchanging cryptocurrency, is facing trouble in Nigeria. It comes as a court in the US handed a four-month prison sentence to the founder of Binance, after he pleaded guilty to money laundering. The BBC's @nkechinna explains ⬇️ https://t.co/P6XLrOttH1