:"Nigerian Operator of Illegal Crypto Trading Platform Granted Bail Three Days After Arrest"
CryptoNewsTerminal Staff20 Jul, 2024
:"Nigerian Operator of Illegal Crypto Trading Platform Granted Bail Three Days After Arrest"
Nigerian Operator of Illegal Crypto Trading Platform Granted Bail Three Days After Arrest Linus Williams, the operator of an illegal cryptocurrency trading platform in Nigeria, was granted bail three days after his arrest. Williams was arrested on the 17th on suspicion of running an illegal cryptocurrency trading platform. He was released on bail on the 20th. Williams' arrest is a sign of the increasing scrutiny of cryptocurrency business owners in Nigeria. The Central Bank of Nigeria has warned that cryptocurrency trading is illegal in the country. However, many Nigerians continue to trade cryptocurrency, often using unregulated platforms. Williams' arrest is a reminder that cryptocurrency trading is a risky business in Nigeria. Those who choose to trade cryptocurrency should do so with caution.
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