Nigeria
DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the U.S. Department of Justice said that Binance founder Changpeng "CZ" Zhao should spend three years in prison for his guilty plea. Plus, Nigeria’s Central Bank has directed financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX, and Binance. And, Tether has said it will freeze wallets that are using USDT to evade sanctions on oil exports in Venezuela.
Nigeria’s Central Bank Deletes Then Reinstates Tweet Calling Crypto-Related Directive Fake
The Central Bank of Nigeria did not immediately respond to CoinDesk’s request for comment.
Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17
Tigran Gambaryan has been detained in Nigeria since February 26.
Binance Exec's Wife Denies Report of Extradition to Nigeria
Nigerian media outlets have reported, citing government sources, that Nadeem Anjarwalla, who escaped Nigerian custody in March, could be extradited back to the country within the week.
Binance 'Working Collaboratively' With Nigerian Government to Free Detained Executive, Compliance Chief Says
Tigran Gambaryan was detained in February.
Detained Binance Exec Pleads Not Guilty to Money Laundering Charges in Nigeria: Reports
Tigran Gambaryan was remanded pending trial, reports say.
Nigeria Court Adjourns Hearings for Binance, Execs' Tax Evasion Cases: Reports
The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.
Binance Says Compliance Exec Detained in Nigeria Has No Decision-Making Power at Firm
Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges in the country.
Binance Executives File Suit Against Nigeria: Local Media
The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights.
What Binance's Exit From Nigeria Means for P2P Bitcoin
The exchange was forced to leave Nigeria, and I’m sure it will happen to other crypto companies in other countries, Ray Youssef, CEO of NoOnes, writes.
