Quantcast
Tighter rules make an impact on UK crypto markets
Incubateurs Web3 : lequel choisir ?
Serena lance un fonds de 100 millions d'euros
The crypto ATM business is somehow still booming
Le « made in France », victime à son tour de l’inflation
La start-up française Quandela lève 50 millions d’euros pour fabriquer des ordinateurs quantiques
Emmanuel Macron apporte son soutien à un projet de musée du jeu vidéo lancé par un youtubeur
UK sets out proposals to bring stablecoins into real economy
Why crypto is a poor relation of digital payments
Sam Bankman-Fried: the fallen ‘king of crypto’
Tokenisation : BNP Paribas avance lentement, mais sûrement
Bitcoin: approval of an ETF could boost its price by 74% over one year
"Les cryptomonnaies ne servent à rien” : 10 exemples qui prouvent le contraire
Les cryptomonnaies permettent-elles de financer le terrorisme ?
Binance’s UK marketing push halted by regulator
Alexandre Tsydenkov (NFT Paris) : “Il faut mettre en avant ceux qui font avancer le Web3”
‘FTX was not fine’: How Sam Bankman-Fried’s tweets became central to his trial
Start-ups crypto : une reprise en trompe-l’oeil
Le PDG de Binance aurait refusé de payer 40 millions de dollars à SBF pour créer un exchange crypto en 2019
Bank of France Deputy Governor Views CBDCs as A Catalyst For Cross-border Payments
Le procès de Sam Bankman-Fried, le « Mozart des cryptomonnaies », et de la faillite de FTX s’ouvre à New York
France welcomes U.S. crypto companies looking for legal certainty
Binance CEO: France has proper crypto currency regulations
Blockchain executive: digital currency market in France 'resilient and abundant'
Europe : les grands enjeux qui attendent l’écosystème crypto
Crédit Agricole continue d’avancer sur la tokenisation
Retrait des fonds : le talon d’Achille de Binance
Coinbase to Offer Perpetual Futures to Retail Customers Outside U.S.
Cryptocurrency exchange Binance to exit Russia
Hong Kong fraud probe tests city’s pro-crypto stance | Financial Times

Crypto Council for Innovation CEO: Binance employee 'remains wrongfully detained by the Nigerian government'

Webp ccfitigran
Crypto Council for Innovation CEO Sheila Warren (left) and Binance's Tigran Gambaryan (right) | LinkedIn/sheilawarren, LinkedIn/tigran-gambaryan

Sheila Warren, CEO of the Crypto Council for Innovation, has raised concerns regarding the treatment of Tigran Gambaryan, head of financial crime compliance for Binance and a former U.S. federal investigator, who is currently imprisoned in Nigeria. Warren expressed her concerns in a statement released on October 1.

"Tigran Gambaryan remains wrongfully detained by the Nigerian government," said Warren. "He is also being denied access to urgent medical attention. My heart goes out to Tigran and his family, who are all suffering through this horrifying ordeal."

According to CoinDesk, Nigerian officials had invited Gambaryan to participate in compliance discussions in February. However, he was detained during his visit, and his health has reportedly deteriorated significantly while in prison. He is said to be suffering from malaria and an untreated herniated disc that has impaired his mobility. Congressman Rich McCormick said that he believes Gambaryan is being held "hostage" as a means to "punish" Binance. McCormick further suggested that the U.S. government should leverage its influence over Nigeria to secure Gambaryan's release.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Gambaryan's detention comes amid allegations by the Nigerian government linking cryptocurrency activities to the devaluation of the naira. Economist Steve Hanke from The Johns Hopkins University refuted these claims in comments to Federal Newswire, stating that "the Nigerian government's claim that the collapse of the naira has been caused by crypto speculation is misguided and incorrect." Hanke attributed the naira's decline to a significant increase in money supply growth and rising inflation rates.

Before joining Binance in 2021, Gambaryan served as a special agent for the U.S. Internal Revenue Service (IRS) for ten years. During his tenure at the IRS, he investigated various cases involving national security and financial crimes, including high-profile cyber investigations such as those related to Silk Road and Mt. Gox.

Warren assumed her role as CEO of the Crypto Council for Innovation in February 2022. She also co-hosts the Money Reimagined podcast and serves on the board of the Bermuda Monetary Authority. The Crypto Council for Innovation describes itself as a "global alliance" focused on fostering public-private partnerships and advocating for inclusive regulation within Web3 advancements.

More News

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024

John Patrick Mullin, CEO of MANTRA, said that Larry Fink’s public endorsement of tokenization has accelerated its adoption at both "startup" and "institutional" levels, though less so in "retail" blockchain use.

Nov 16, 2024

Bruce Pon, co-founder and CEO of Ocean Protocol, said that the combination of "AI and blockchain" unlocks significant "potential" for new entrepreneurial opportunities and substantial value creation.

Nov 14, 2024

Irina Heaver, a crypto lawyer at NeosLegal, emphasized the importance of user education in the cryptocurrency sector.

Nov 14, 2024

Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas.

Nov 12, 2024

De Nederlandsche Bank (DNB) has announced a €2,250,000 fine for Bybit Fintech Limited.

Nov 12, 2024