Nigeria's Minister of Information "Still Open to Virtual Asset Businesses in the Country"
JH Kim
Summary
- Mohammed Idris, Nigeria's Minister of Information, stated that he still maintains an open attitude towards virtual asset businesses in the country.
- He reported that the domestic operation of virtual asset companies is being conducted without lawsuits or criminal charges.
- Nigerian authorities have imposed a fine of $81 billion on Binance for tax violations, stating it is part of efforts to strengthen the law.
Mohammed Idris, Nigeria's Minister of Information, stated in an interview that "many virtual asset (cryptocurrency) companies are operating domestically without lawsuits or criminal charges."
On the 21st (local time), according to virtual asset specialized media Cointelegraph, he emphasized that "(lawsuits are) part of efforts to strengthen Nigerian law, not an attempt to cripple someone."
In February, the Nigerian prosecution imposed a fine of $81 billion on Binance for tax violations.
Previously, Nigerian authorities had accused Binance of operating a trading site without registering as a foreign company and paying taxes, thus violating tax laws.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
