Daily Archives: April 24, 2024, 7:39 am

Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance

The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX and Binance, according to a letter seen by CoinDesk. The letter, addressed to Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFls), Other Financial Institutions (OFIs) and members of the public, also cautioned and reminded…

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Supreme Court SEC Disclosure Ruling Confusing for Courts, Markets

The court’s decision that only “half-truths” are actionable whereas “pure omissions” aren’t means that investors, lawyers, and judges now must analyze Item 303 violations carefully to categorize them. If that supposedly bright-line distinction evades the average reader, the justices provided a quaint analogy: “The difference between a pure omission and a half-truth is the difference between a child not telling…

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Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17

Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges. Gambaryan, an American citizen and former Internal Revenue Service (IRS) special agent, is Binance’s head of financial crime compliance. He and a colleague, Binance’s…

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