Nigeria

Gambaryan can now leave Nigeria to seek medical attention

Former IRS agent and Binance executive Tigran Gambaryan will remain imprisoned in Nigeria’s Kuje prison

Plus, Blockworks’ Jason Yanowitz thinks we’ll see some “really fun stablecoin competition for the first time in years”

A new report on stablecoin activity in emerging markets shows their immense popularity in Nigeria

Nic Carter of Castle Island Ventures believes we’re witnessing the first crypto dollarization event

Tigran Gambaryan’s health appears to suffer as Nigerian trial continues

Gambaryan continues to be detained in a Nigerian prison on other charges of money laundering

The courts adjourned the trials against Binance and Tigran Gambaryan until May 22 and May 23

Binance and detained exec Tigran Gambaryan may face three court appearances on May 17 after the most recent adjournment pushed another Nigerian trial back

Binance called the decision to send Tigran Gambaryan to the Kuje correctional facility “outrageous”

Binance is also reportedly facing tax evasion charges from the country

Nigeria and Binance continue to face off, even after Binance pulled support for the naira

After the Nigerian government threatened fines and possible arrests, Binance announced it planned to end support for the naira

Binance told a local media outlet that it hadn’t heard about a $10 billion fine

Binance Nigeria was initially asked to stop soliciting investors back in June

Among the countries polled, Nigerians had the most positive outlook on crypto

Nigeria won’t allow regulated crypto trading just yet, but the local watchdog seems okay with tokenized assets

Nigeria’s eNaira has been called a “dark experiment…with deadly consequences”

Nigeria’s central bank is capping cash withdrawals for individuals to $224 a week

Emerging markets are at the forefront of the CBDC movement because these economies have a unique need for the technology, industry participants say

Binance has restricted the accounts over AML concerns. All non-law enforcement-related cases are expected to be resolved within two weeks