Meta’s Appeal Fails in Kenyan Court, Content Moderators Continue Fight
Facebook’s parent company, Meta, has lost a key appeal in Kenya, allowing a lawsuit filed by content moderators to proceed. The Kenyan labor court ruled that Meta could be sued…
UAE Enhances National Crypto Regulation Through Strategic Dubai Partnership
The United Arab Emirates is making significant strides towards a unified regulatory framework for cryptocurrency operations across its territories. This move comes as the Securities And Commodities Authority (SCA), the…
Nigeria’s SEC Intensifies Actions Against Unregulated Cryptocurrency Exchanges
The Securities and Exchange Commission (SEC) of Nigeria is set to enhance enforcement actions against businesses and individuals engaging in cryptocurrency transactions without appropriate regulatory oversight. This announcement, made by…
Investigations Reveal Telegram as a Hub for Extremism and Crime
Telegram founder Pavel Durov was arrested in France last month, accused of failing to cooperate with law enforcement and being complicit in crimes committed through his platform. These crimes include…
Global Downtrend: Over 600 Bitcoin ATMs Decommissioned in Recent Months
In the first two quarters of Q3 2024, the global network of Bitcoin ATMs saw a significant reduction, with more than 600 units going offline. This trend, particularly pronounced in…
Meta Oversight Board Approves “From the River to the Sea” Slogan in Key Ruling
Meta’s Oversight Board has upheld the company’s decision to allow Facebook posts containing the phrase “From the River to the Sea,” concluding that a blanket ban on the slogan would…
Detained Binance Executive Seeks New Bail Amid Health Concerns
The trial of Tigran Gambaryan, a Binance executive currently detained in Nigeria, resumed on September 2, 2024. As the proceedings continue, Gambaryan’s legal team has filed a renewed motion for…
Qatar Unveils Regulatory Framework for Digital Assets
The Qatar Financial Centre (QFC), located in Doha, has launched a comprehensive regulatory regime dedicated to fostering the development and management of digital assets. This initiative is set to provide…
Nigeria Grants First Cryptocurrency Exchange License, Ushering New Regulatory Era
The Nigerian Securities and Exchange Commission (SEC) has awarded Quidax, an Africa-based cryptocurrency exchange, its inaugural provisional operating license. This landmark decision heralds a new phase of formal recognition and…
Nigeria’s SEC Awards First Operational License to Local Crypto Exchange Quidax
The Nigerian Securities and Exchange Commission (SEC) has taken a significant step forward in the regulation of the cryptocurrency sector by issuing its first provisional operating license to Quidax, an…
Scrutiny Intensifies Over Binance’s Seizure of Palestinian Crypto Funds
Binance, a leading global cryptocurrency exchange, is at the center of controversy following allegations that it confiscated cryptocurrency funds from Palestinian users at the request of Israeli authorities. Ray Youssef,…
Health Concerns Escalate for Binance Executive Detained in Nigeria
The family of Tigran Gambaryan, a Binance executive detained in Nigeria for alleged financial crimes, has expressed grave concerns regarding his deteriorating health condition after six months in custody. Gambaryan’s…
Local Crypto Stakeholders Advocate for Compliance-Based Regulation in Nigeria
Local stakeholders in Nigeria’s cryptocurrency sector are pushing for a regulatory framework that emphasizes compliance over criminalization. This shift is championed by Obinna Iwuno, the former president of the Stakeholders…
Meta Blocks WhatsApp Accounts Linked to Iranian Hackers Targeting Biden and Trump Officials
Meta has recently blocked a “small cluster” of WhatsApp accounts connected to Iranian hackers who targeted officials associated with both President Joe Biden and former President Donald Trump. Who Is…
Abu Dhabi Outlines Regulatory Framework for Fiat-Referenced Tokens
In response to increasing interest from stakeholders, Abu Dhabi‘s Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) is taking significant steps to regulate fiat-referenced tokens (FRTs),…
Nigerian SEC Set to Issue Licenses for Cryptocurrency Platforms Amid Market Expansion
The Nigerian Securities and Exchange Commission (SEC) is poised to issue licenses to cryptocurrency exchanges, marking a significant development in the regulatory framework for digital assets within the country. This…
OpenAI Dismantles Iranian Operation for Misusing ChatGPT to Generate Fake News
OpenAI announced on Friday, August 16, that it had identified and dismantled an Iranian influence operation, named Storm-2035, which was using ChatGPT to generate fake news articles and social media…
Nigeria’s Tax Authority Proposes Comprehensive Legislation for Cryptocurrency Regulation
The Federal Inland Revenue Service (FIRS) in Nigeria is set to approach the National Assembly to support a new law aimed at regulating the cryptocurrency sector. This move, announced by…
Lagos State Unveils Plan to Tokenize Real Estate to Increase Revenue
The Lagos state government in Nigeria has embarked on an innovative journey to tokenize real estate using blockchain technology. This initiative aims to enhance transparency, streamline property transactions, and significantly…
Nasdaq Seeks Regulatory Approval to List Options for Spot Ethereum ETFs
Nasdaq has officially approached U.S. regulators with a proposal to allow options trading on spot Ethereum exchange-traded funds (ETFs), according to a regulatory filing dated August 6. This request specifically…