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Binance CEO discusses stablecoin regulation and Nigerian detention at Token2049 conference
At the Token2049 conference, Binance CEO Richard Teng discussed some of the key issues in the crypto space, focusing on the regulation of stablecoins and the complex situation of Binance executives detained in Nigeria.
On April 18, Binance CEO Richard Teng delivered the keynote address at a panel discussion on cryptocurrency regulation moderated by Chamber of Digital Commerce CEO Perianne Boring at the Token2049 conference in Dubai.
Perianne Boring (left), Matthew Roszak (center) and Richard Teng (right) | Source: crypto.news Photo taken at the Token2049 event
On April 18, Binance CEO Richard Teng delivered the keynote address at a panel discussion on cryptocurrency regulation moderated by Chamber of Digital Commerce CEO Perianne Boring at the Token2049 conference in Dubai.
Perianne Boring (left), Matthew Roszak (center) and Richard Teng (right) | Source: crypto.news Photo taken at the Token2049 event
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The U.S. House of Representatives urged the U.S. government to take action to rescue its former federal agent and current Binance executive
The U.S. House of Representatives has introduced a resolution calling on the U.S. government to take immediate action to secure the release of Tigran Gambaryan, a former federal agent and current Binance employee who has been detained in Nigeria since February.
The resolution, filed July 11 by Reps. Rich McCormick and French Hill, D-Calif., highlights Gambaryan’s contributions in recovering more than $4 billion in illicit funds during his tenure as a federal agent.
Review of the incident
On February 26, Tigran Gambaryan visited Nigeria to participate in a high-level meeting. The meeting focused on the compliance issues of Binance in Nigeria. At that time, Nigeria is currently facing a challenge that the widespread adoption of cryptocurrencies through peer-to-peer markets has had an impact on the local fiat currency, which is believed to be an indirect cause of the sharp depreciation of the naira.
The resolution, filed July 11 by Reps. Rich McCormick and French Hill, D-Calif., highlights Gambaryan’s contributions in recovering more than $4 billion in illicit funds during his tenure as a federal agent.
Review of the incident
On February 26, Tigran Gambaryan visited Nigeria to participate in a high-level meeting. The meeting focused on the compliance issues of Binance in Nigeria. At that time, Nigeria is currently facing a challenge that the widespread adoption of cryptocurrencies through peer-to-peer markets has had an impact on the local fiat currency, which is believed to be an indirect cause of the sharp depreciation of the naira.
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Kenyan and US crypto groups unite to demand release of Binance executive detained in Nigeria
The Nigerian government is currently seeking to extend the Binance executive’s detention for another two weeks.
Since February 26, major pro-cryptocurrency pressure groups in Kenya and the United States have demanded the release of a Binance executive detained by the Nigerian government.
Last month, two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, traveled to Nigeria to address ongoing issues with the exchange’s operations in the African country.
However, instead of engaging in constructive dialogue with them, the Nigerian government detained them without confiscating their passports.
'State-sponsored kidnapping'
Since February 26, major pro-cryptocurrency pressure groups in Kenya and the United States have demanded the release of a Binance executive detained by the Nigerian government.
Last month, two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, traveled to Nigeria to address ongoing issues with the exchange’s operations in the African country.
However, instead of engaging in constructive dialogue with them, the Nigerian government detained them without confiscating their passports.
'State-sponsored kidnapping'
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