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Nigeria Welcomes Crypto Firms Despite Binance Lawsuit

  • Nigeria remains open to cryptocurrency firms despite ongoing legal action against Binance and seeks $80 billion in court.
  • Nigeria enforces crypto regulations to combat financial crimes such as tax evasion, money laundering, and terrorism financing.
  • The Nigerian government supports businesses operating in the cryptocurrency industry, but compliance with regulations is mandatory.
  • Recent dismissal of charges against a Binance executive marked a key moment in Nigeria's legal dispute with Binance.

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