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Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been o...

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Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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