Nigeria still open to crypto business despite rocky past: Report

Share via:


The government of Nigeria is still open to crypto businesses operating in the country despite the ongoing lawsuit against crypto exchange Binance and the high-profile detention of Binance executive Tigran Gambaryan.

Nigerian Information Minister Mohammed Idris told Semafor that many crypto businesses operate inside the country that are not facing litigation or criminal prosecution.

“This is part of the effort to strengthen our laws, not to cripple anybody. We are ensuring that no one comes and operates without regulation,” Idris told the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Nigeria still open to crypto business despite rocky past: Report


The government of Nigeria is still open to crypto businesses operating in the country despite the ongoing lawsuit against crypto exchange Binance and the high-profile detention of Binance executive Tigran Gambaryan.

Nigerian Information Minister Mohammed Idris told Semafor that many crypto businesses operate inside the country that are not facing litigation or criminal prosecution.

“This is part of the effort to strengthen our laws, not to cripple anybody. We are ensuring that no one comes and operates without regulation,” Idris told the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Indian solar financing startup Metafin bags $10m series A

Metafin has quadrupled its project portfolio over the...

Karnataka Minister Asks Officials To Implement HC’s Bike Taxi...

SUMMARY The Karnataka transport minister Ramalinga Reddy wrote in...

How MCP Puts the Good Vibes Into Cloud Native...

For the first time in years, developers are...

Popular

Upcoming Events

US House passes bill to ban sharing of revenge...

The House on Monday overwhelmingly passed bipartisan legislation...

Centre Mulling Regulations To Curb Obscenity On OTT, Social...

SUMMARY The Supreme Court has raised concerns over obscene...

ChatGPT adds shopping help, intensifying Google rivalry

OpenAI announced Monday that ChatGPT is now helping...
GdfFD GFD GFD GFD GFD GFD GFD