Nigeria

Crypto exchange KuCoin imposes 7.5% VAT on transaction fees for Nigerian users

This follows the suspension of KuCoin’s P2P service for Nigerians in May. The remittance process of the VAT is unclear.

Nigeria’s SEC announces regulatory sandbox for crypto firms

The country’s capital market regulator wants to fast-track the onboarding of crypto providers pending the establishment of digital asset rules.

Nigerian SEC to leverage blockchain for capital markets

Dr. Agama’s latest comments come amidst uncertainties in the Nigerian crypto space. A Binance executive remains in detention in Nigeria.

USDT issuer Tether partners NODO for stablecoin education in Africa

The partnership comes amid an intensifying battle for stablecoin market share in Africa. Last year, stablecoin volume exceeded $30 billion.

Exclusive: Davido received $30K to launch meme coin, influencer claims

Meme coin creator Sahil Arora said he is behind $DAVIDO, the new meme coin promoted by Afrobeat star Davido.

Jailed Binance exec still awaits medical care despite court order

Tigran Gambaryan, who has been detained for three months, has malaria and a throat infection, according to his wife.

Brief: Nigerian lawmakers push for crypto regulation

This comes amidst a topsy-turvy crypto regulatory environment in the West African country, marked by a significant crackdown on P2P trading.