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Yat Siu explains why we shouldn't dismiss NFTs as monkey JPEGs and how blockchain acts as a political system of sorts, fostering a consensus-based democratic process.

Ether prices are set to close the month just over 2% higher, while major NFT indices have gained almost 10%.

The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.

Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.

The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating Bybit, KuCoin, OKX and Binance, according to contents of the letter seen by CoinDesk.

The executives, Tigran Gambaryan and Nadeem Anjarwalla, are still named in a money-laundering case.

A money-laundering trial is still scheduled, with Binance executives Tigran Gambaryan and Nadeem Anjarwalla remaining on that case.

Nigeria's Federal Inland Revenue Service (FIRS) plans to bring a bill for taxing the crypto industry to parliament by September, news outlet Punch Nigeria reported on Saturday.

The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month.

We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said.