Fun

Biden pressured to intervene in US citizens detention by Nigeria

News Feed - 2024-03-16 08:03:04

Amaka Nwaokocha12 hours agoBiden pressured to intervene in US citizens detention by NigeriaThe Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.3382 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe administration of United States President Joe Biden is under increasing pressure to promptly aid the release of Tigran Gambaryan, a Binance executive and former U.S. federal agent, and another Binance executive, Nadeem Anjarwalla, who the Nigerian government have detained without passports since Feb. 26, 2024.


The U.S. Chamber of Digital Commerce made its appeal through a blog post on its website on March 15 and is leading the demand for urgent diplomatic action to address what it perceives as a significant injustice.


According to the post, the detention of Gambaryan in such questionable circumstances establishes a troubling precedent, suggesting that any American entrepreneur abroad, especially those in the cryptocurrency industry, could face similar unlawful actions by foreign authorities. The blog post stated:“The unwarranted detention of Tigran Gambaryan is more than a legal issue; it is a matter of national dignity and the protection of American citizens worldwide.”


The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations. Source: United States Chamber of Commerce on X


Nigeria, a beneficiary of over $1 billion of U.S. foreign aid each year, is an ally of the United States. Initial reports about the apprehensions of Gambaryan and Anjarwalla emerged in late February, with the Financial Times covering the detentions without explicitly naming executives.


Related:Nigerian crypto community split over govt’s bid for Binance user data


According to their families, Gambaryan and Anjarwalla — a dual citizen of the United Kingdom and Kenya — arrived in Abuja on Feb. 25. They came to Nigeria in response to an invitation from the government to discuss the ongoing dispute with Binance regarding its allegedly illegal activities there.


The executives purportedly met with Nigerian officials the following day to address the government’s directive for the country’s telecom providers to restrict access to Binance and other cryptocurrency exchanges. Officials attributed the devaluation of Nigeria’s official currency, the naira, and the facilitation of “illicit flows” of funds to crypto exchanges.


However, rather than reaching a consensus, Gambaryan and Anjarwalla were escorted to their hotels shortly after meeting with Nigerian officials. They were instructed to gather their belongings and transported to a “guesthouse” managed by Nigeria’s National Security Agency, according to their families.


The arrests of Gambaryan and Anjarwalla came a few days before Binance officially announced its exit from Nigeria on March 5.


Magazine:Bitcoin hits new highs, SEC delays options decision, and stablecoin bill looms: Hodler’s Digest, March 3-9# Blockchain# Cryptocurrencies# Law# Government# Nigeria# United States# Tokens# Binance# RegulationAdd reactionAdd reactionRead moreNigerian SEC seeks to raise crypto exchange registration feeVanguard’s outgoing CEO sticks to anti-Bitcoin ETF stance, despite inquiriesNeither Joe Biden nor Donald Trump are crypto champions

News Feed

While Ethereum Prices Skyrocket, Ether Gas Fees Surge Fueling Costly Transfers
While Ethereum Prices Skyrocket, Ether Gas Fees Surge Fueling Costly Transfers On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached
JPMorgan Opens a Lounge in the Metaverse After Stating the $1 Trillion Market ‘Will Likely Infiltrate Every Sector’
JPMorgan Opens a Lounge in the Metaverse After Stating the $1 Trillion Market "Will Likely Infiltrate Every Sector" Global Investment bank JPMorgan says, “The metaverse will
Bitcoin․com Announces Strategic Partnership with Poly Network
Bitcoin․com Announces Strategic Partnership with Poly Network press release Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale
Brayden Lindrea3 hours agoHackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiKA total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche.1339 Total views14 Total s
Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets
William Suberg8 hours agoBitcoin price springs 5% to $62K as US jobs data boosts rate cut betsBitcoin bulls welcome some BTC price relief while whales get busy accumulating nearly 50,000 BTC at the local lows.3352 Total
Bitcoin Price Flashes Signal That Has Led To A Surge Every Time
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: ETH, BTC Slightly Lower Ahead of Friday’s US Inflation Report
Bitcoin, Ethereum Technical Analysis: ETH, BTC Slightly Lower Ahead of Friday’s US Inflation Report BTC was fighting to stay above $30,000 on Thursday, as markets prepare for the
Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines
Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines A U.S. listed Chinese sports lottery firm announced that it has entered into a pur
Nigerian Fintech Founder: ‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’
Nigerian Fintech Founder: "African Fintechs Have a Greater Scale Potential Than Other Tech Startups" The African fintech industry has grown rapidly over the past few years and this
Mystery Surrounds DDoS Attacks That Have Downed the Darknet
Mystery Surrounds DDoS Attacks That Have Downed the Darknet If you’ve been struggling to access your favorite darknet market lately, you’re not alone. Ongoing DDoS at
Ethereum Price Breaks Above Massive Triangle – Next Target: $10,000
Este artículo también está disponible en español. Recent price action has seen the Ethereum price breaking above the $4,000 price level again to drive euphoria among cryp
Dogecoin Price Returns To Key Local Peak: Is Another Major Uptrend On The Horizon?
Este artículo también está disponible en español. Dogecoin’s price action in the past 24 hours has been characterized by a struggleto hold above the $0.20 price lev