Mr Nwabufo urged cryptocurrency and digital asset vendors to comply strictly with the Securities and Exchange Commission’s regulatory framework.
The trick isn’t just reading more, it’s reading better.
If convicted, Anton Peraire-Bueno and James Pepaire-Bueno each face a maximum penalty of 20 years in prison for each count.
Secondly, the Binance CEO explicitly stated that any settlement proposed by the Nigerian government must be “official, recorded in writing, and signed by all relevant parties.”
The suspects allegedly gained access to the account of Afriq Arbitrage Company in October 2022 and diverted all the funds in it.
EMURGO Africa said that the report showed that Nigeria’s position emphasised its role in nurturing innovation in the digital currency sector in West Africa.
The commission directed Binance to “immediately stop soliciting Nigerian investors in any form whatsoever.”
India has three times more crypto users than the U.S., Japan, the UK, and Russia combined.
The embattled crypto executive was arrested in The Bahamas on Monday.
China has closed down at least 105 websites hyping cryptocurrency; 989 social media accounts allegedly misleading people to invest in cryptocurrency.
