The Federal Government has expressed its continued openness to cryptocurrency companies, despite pursuing a lawsuit worth $80bn against Binance, the world’s largest crypto exchange.
The Federal Government filed the lawsuit last month, claiming economic losses linked to Binance’s operations in the country.
The legal action followed an earlier incident in which Nigerian authorities detained one of Binance’s US-based staff members, Tigran Gambaryan, in connection with a money laundering investigation.
Gambaryan was held for eight months before being released, and the charges were later dropped. Binance, which stopped all transactions in Nigeria in March 2024, has denied the allegations.
In an interview with a news platform, Semafor, on Friday, the Minister of Information and National Orientation, Mohammed Idris, emphasised…
