Cointime

Download App
iOS & Android

Nigeria wants Binance to provide information on the country’s top 100 users and all transaction history for the past six months

The Financial Times reported that Nigeria is requesting that Binance provide information on the top 100 users in the country and all transaction histories for the past six months. This request comes as Nigeria's detention of Binance's compliance officer and regional manager for Africa enters its third week. Binance's Tigran Gambaryan and Nadeem Anjarwalla were invited by the Nigerian government to arrive in Abuja on February 25 and were forced to be detained in a "hotel" operated by the Nigerian National Security Agency.

Comments

All Comments

Recommended for you

  • The Hong Kong Securities Regulatory Commission’s official website has listed the Bitcoin and Ethereum spot ETFs and stock codes of China Asset Management, Bosera and Harvest.

    Hong Kong Securities and Futures Commission website has listed the Bitcoin and Ethereum spot ETFs of three fund companies, Huaxia, Boshi, and Jiashi, with approval dates all on April 23, 2024. The related funds are not derivative product funds, specifically including:1. Huaxia Bitcoin ETF (BUU163) with share codes of 03042, 09042, and 83042;2. Huaxia Ethereum ETF (BUU164) with share codes of 03046, 09046, and 83046;3. Boshi HashKey Bitcoin ETF (BUU104) with share codes of 03008 and 09008;4. Boshi HashKey Ethereum ETF (BUU105) with share codes of 03009 and 09009;5. Jiashi Bitcoin Spot ETF (BUT244) with share codes of 03439 and 09439;6. Jiashi Ethereum Spot ETF (BUU885) with share codes of 03179 and 09179.
  • Correction: Nigeria’s central bank says “freezing Bybit, KuCoin, OKX, Binance user accounts” is unofficial

    The official X account of the Central Bank of Nigeria (CBN) stated that the announcement "the Central Bank of Nigeria will freeze Bybit, KuCoin, OKX, and Binance user accounts" is not an official release. Previously, according to Cointelegraph, the Central Bank of Nigeria (CBN) issued an instruction requiring all banks and financial institutions to identify individuals or entities trading with cryptocurrency exchanges and ensure that such accounts receive no debit (PND) instructions within six months.
  • Market News: South Africa authorizes 75 companies as cryptocurrency service providers

    According to Jinshi news, South Africa has authorized 75 companies as cryptocurrency service providers.
  • Philippines SEC: Remove Binance App from Google and Apple App Stores

    Philippine Securities and Exchange Commission stated that we have taken action to remove the Binance app from the Google and Apple app stores.
  • HKEX: The uniform margin rate for non-constituent virtual asset spot ETFs will be set at 30%

    The Hong Kong Stock Exchange (HKEX) and Hong Kong Securities Clearing Company Limited issued a notice on the "Margin Rates for Trading Virtual Asset Spot Exchange Traded Funds (ETFs)". It was pointed out that the following risk management arrangements, which refer to the announcement issued on April 17, 2024 (No. ETP/001/24), will take effect on the same day as the launch of the virtual asset spot ETF:
  • Ontario Court of Justice in Canada Sues Binance for Violating Securities Laws

    According to a report by Financefeeds, the Ontario Superior Court of Justice in Canada has filed a class action lawsuit against the Binance cryptocurrency trading platform, accusing it of selling cryptocurrency derivatives to retail investors without registration, in violation of securities laws. The lawsuit seeks damages and the rescission of these trades. It also claims that Binance's business failed to register and file a prospectus in accordance with securities regulations. The court stated in its ruling that the plaintiffs claimed that these sales were illegal and invalid due to a lack of necessary registration.
  • The Hong Kong Securities and Futures Association recommends the establishment of an independent self-regulatory organization for the development of the virtual capital industry

    The Hong Kong Securities and Futures Professional Association has published a letter to the Hong Kong Treasury Department on its official website, suggesting the establishment of an independent self-regulatory organization for the securities industry, futures industry, asset management industry, and virtual asset industry. It pointed out that "in the case of Hong Kong, the Association suggests that the Securities and Futures Commission should still retain the power to regulate market behavior (such as prohibiting insider trading, fraud, and market manipulation), but the power to issue licenses should be split and given solely to a self-regulatory organization composed of the securities industry, futures industry, asset management industry, and virtual asset industry (and broadly defined as licensed intermediaries engaged in regulated activities defined by the Hong Kong Securities and Futures Commission).
  • Thai Authorities to Block "Unauthorized" Crypto Platforms

    Thai authorities have announced plans to block crypto platforms that they deem "unauthorized". The specific entities that are considered unauthorized have not been named, but users have been advised to withdraw their assets quickly. The move is aimed at increasing the efficiency of law enforcement in tackling online crime. The Securities and Exchange Commission has been tasked with submitting information on unauthorized digital asset service providers to the Ministry of Digital Economy and Society to block access to these platforms.
  • Chinese Embassy in Angola: Chinese citizens living in Angola should not engage in cryptocurrency mining

    Chinese Embassy in Angola has reminded Chinese citizens residing in Angola not to engage in cryptocurrency mining, as this activity is now considered a criminal offense. The Chinese Embassy in Angola also urged Chinese citizens to be wary of virtual currency schemes that exploit users' desire for quick wealth and reliable returns.
  • IRS releases draft digital asset tax form

    The US Internal Revenue Service (IRS) has released a draft tax form for reporting digital asset transactions, applicable for tax filings in 2025. The form, known as 1099-DA, is used to report digital asset earnings by brokers. According to the instructions on the recipient form, brokers, including non-custodial wallet providers, are required to report the earnings from digital asset disposals to the IRS. A cryptocurrency tax expert emphasized that the IRS collecting certain data points (such as wallet addresses) "could raise significant privacy and security concerns."