The Excessive Court docket in Abuja has convicted Official Gredo Restricted for conducting unauthorised USDT-to-Naira transactions with out a banking license, resulting in a forfeiture of N140 million. This case, presided over by Justice Inyang Ekwo and pursued by the Financial and Monetary Crimes Fee (EFCC), highlights Nigeria’s stance on unregulated cryptocurrency actions. Prof. Iwa Salami, Director of the Centre for Fintech on the College of East London, joins us to debate Nigeria’s crypto rules, the implications of this ruling, and whether or not licensing may benefit the business. SUBSCRIBE to our YouTube channel: http://youtube.com/newscentraltvafrica for extra movies
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