Tag: Regulatory Challenges

Nigeria’s FIRS Accuses Binance of Tax Evasion: The Unfolding Legal Battle

The FIRS has accused Binance of a litany of offences, including failure to pay Value-Added Tax (VAT) and Company Income Tax. The situation...

EU bans anonymous crypto payments to hosted wallets

The EU's ban on anonymous crypto payments to hosted wallets is a landmark decision that underscores the challenges of regulating digital currencies. The...

Senators pressure SEC’s Gensler not to approve any more crypto ETFs

Two prominent Democratic senators have voiced their concerns directly to Gary Gensler, urging a halt to the further approval of crypto ETFs. ...

Kraken Lawsuit Spotlights SEC’s Crypto Clampdown

SEC Commissioner Hester Peirce voiced a striking critique of the agency's stern posture toward the crypto community. The SEC's stance faced a...

Nigeria’s Crypto Triumph: Shattering CBN Restrictions Amid Global Crypto Winter

In 2021, the CBN warned banks and financial institutes that facilitating payment for cryptocurrency changes was prohibited. In the first three months of...

US Court Finalizes Binance Case

The U.S. Court ordered the top crypto exchange to pay $2.7 billion and Changpeng Zhao to pay $150 million to the Commodity Futures...

Sam Bankman-Fried trial enters final stages ahead of conclusion

The Sam Bankman-Fried trial reveals the cryptocurrency industry's financial complexities and ethical issues. The prosecution has highlighted deceptive practices and an $8...