Coin

<ul class="news-points">
 <li>Nigeria’s crypto sector faces turbulence as regulations clash and international exchanges exit due to uncertainty.</li>
 <li>The arrest of Binance’s Tigran Gambaryan highlights growing tensions between U.S. and Nigerian crypto regulation.</li>
 <li>Nigeria’s mixed regulatory approach fuels a shift to unregulated platforms, despite efforts to support blockchain tech.</li>
</ul>
Nigeria, Africa’s largest crypto market south of the Sahara, is <a href="https://www.reuters.com/technology/nigeria-court-rules-binance-executive-can-face-trial-behalf-crypto-exchange-2024-05-17/" target="_blank" rel="noopener noreferrer nofollow">experiencing a dramatic shift</a> in its cryptocurrency landscape. Recent regulatory actions and high-profile cases, such as the arrest of Binance’s Head of Financial Compliance, Tigran Gambaryan, underscore the complexities of navigating <a href="https://coinedition.com/nigeria-vs-binance-court-hearing-highlights-unlicensed-operation-money-laundering-charges/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Nigeria’s crypto sector</a>.
In February 2024, Gambaryan’s arrest, though not directly charged, symbolized the increasing scrutiny of cryptocurrency operations in Nigeria. The case has introduced tension between the U.S. and Nigerian governments, with Gambaryan’s deteriorating health in custody further complicating matters. Despite numerous interventions by U.S. diplomats and lawmakers, the legal and humanitarian aspects of his detainment continue to draw criticism.
The regulatory environment in Nigeria has become in…
The post <a href="https://coinedition.com/crypto-in-nigeria-a-rollercoaster-of-regulation-arrests-and-p2p-boom/" rel="noopener noreferrer nofollow">Crypto in Nigeria: A Rollercoaster of Regulation, Arrests, and P2P Boom</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto in Nigeria: A Rollercoaster of Regulation, Arrests, and P2P Boom

Coin Edition

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