Global #nigeria

The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has expressed deep concerns over the Nigerian government's recent crackdown on cryptocurrency platforms.

The Nigerian government's handling of cryptocurrency is generating confusion and discontent among investors. The Senate Committee on Capital Markets in Nigeria has advocated for cryptocurrency regulation to safeguard investors and bolster the domestic economy.

Nigeria's National Information Technology Development Agency (NITDA) has announced the restructuring of the National Blockchain Policy Steering Committee (NBPSC) to review the policies governing the implementation of the country's National Blockchain Policy.

Binance, the world's largest cryptocurrency exchange, is currently entangled in a multifaceted legal dispute with Nigerian authorities, who have leveled accusations of money laundering, tax evasion, and currency speculation against the exchange.

Ginger Onwusibe, Chairman of the House of Representatives Committee on Financial Crimes, strongly denied Binance's recent accusation that Nigerian authorities sought a $140 million bribe.

Nigerian cryptocurrency stakeholders are urging Binance to disclose the identity of the individual who allegedly offered a bribe, asserting that this transparency is crucial for substantiating their claims.