A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny Residents Access to Inflation Hedging Tools Nigerian cryptocurrency advocate James Utudor filed a landmark lawsuit […]
Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively, a new trial, citing several legal and evidentiary flaws in the […]
The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders who oppose the proposal. The central bank governor clarified that they are not proposing anything new; instead, the bank aims to enforce existing laws designating the kwacha as the sole legal tender for domestic transactions. Zambia’s Central Bank Seeks Input […]
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming permits, and visiting fees. Previously dollar-denominated payments will now be converted […]
Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload the stake well before the August 11 deadline for reporting […]