…following recent regulatory developments.In a notice to users on Saturday, the cryptocurrency exchange listed the affected entities and the dates from which transactions involving them would no longer be processed. Binance did not disclose the specific regulatory developments that prompted the restrictions across multi…

…are other currencies' exchange ratesThe CBN also provided the updated currency exchange rates below:CFA: N2.39Yuan/Renminbi: N201.37Danish Krona: N210.21Euro: N1,571.70Yen: N8.54Riyal: N361.59South African Rand: N83.85Swiss Franc: N1,673.58Pounds Sterling: N1,840.10SDR: N1,855.85WAUA: N1,853.65UAE Dirham: N369.64Custom…

…and P2P platforms The guidelines place significant compliance obligations on cryptocurrency exchanges, Virtual Asset Service Providers and P2P marketplace operators. They are required to: deduct withholding tax from taxable transactions; collect stamp duty where applicable; charge and remit VAT on taxable services; rem…

…As these figures fluctuate with stock markets, private business valuations, and currency exchange rates, the rankings are based on publicly available data from sources including Forbes and the Bloomberg Billionaires Index.Members of Dubai's ruling family are excluded because their wealth is not independently verified i…

…Detectives analysed blockchain transactions, financial records, communications, cryptocurrency exchange records and internet service provider data, linking what initially appeared to be separate offences to a coordinated criminal network operating across multiple platforms and jurisdictions. The convicts were identifie…

…volume. The Central Bank had in 2021 directed banks to close accounts linked to cryptocurrency exchanges, a move that effectively pushed trading underground, before reversing course in 2023 and issuing a framework for the regulation of virtual asset service providers. The SEC has also been working to bring digital asse…

…and businesses that obtain foreign currency outside the official trading window. Currency exchange rates in both markets are subject to daily fluctuations driven by several factors, including the availability of foreign exchange, market demand, liquidity levels, and overall economic conditions. Consequently, the rates…

…devices are sold through authorised resellers like iStore, and local prices depend on currency exchange rates, import duties, and reseller margins, in addition to Apple’s own pricing. This means prices in these markets could rise eventually, but the change will likely take time to show up, layered on top of the usual c…