Nigeria Freezes $38M in Crypto
This is a Nigeria news story, published by CoinGape, that relates primarily to Binance news.
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ongoing crypto crackdownCoinGape
•Nigerian authorities freeze $38 million in crypto linked to protests against rising living costs
71% Informative
Nigerian authorities froze $38 million in cryptocurrency linked to protests against rising living costs.
Binance and its executives faced a lawsuit for tax evasion, including failing to register with Nigeria 's tax authorities.
This action marks the tightening of crypto regulation efforts amid the Binance lawsuit.
The latest move is reportedly aimed at disrupting financial support for a recent wave of nationwide protests.
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