ChainCatcher news, the Nigerian government has filed criminal charges against four individuals and multiple companies, accusing them of illegally conducting cryptocurrency transactions without holding a banking license, including exchanging USDT for Naira.The four defendants are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley, and Chukwuebuka F. Ogumba. They are charged with violating the Banks and Other Financial Institutions Act and the Foreign Exchange Act.This case stems from an investigation by the Economic and Financial Crimes Commission (EFCC) into alleged manipulation of the Naira exchange rate and money laundering through virtual cryptocurrency trading platforms.Previous news, the Economic and Financial Crimes Commission (EFCC) has obtained court approval to freeze over $330,000 (5.486 billion Naira) of suspicious funds deposited in cryptocurrency users' bank accounts.

ChainCatcher news, according to the FCA official website, the Financial Conduct Authority (FCA) of the UK and the Metropolitan Police have arrested two suspects involved in operating illegal cryptocurrency businesses. The two individuals, aged 38 and 44, are accused of trading over £1 billion (approximately $1.3 billion) in crypto assets through their unregistered operations.According to the FCA's statement, the two suspects have been released on bail after questioning. The FCA and the Metropolitan Police conducted searches of relevant offices during the investigation and seized several digital devices from two residential properties in London. The investigation is still ongoing, and the FCA has not disclosed further details.Since January 2021, the UK has required all cryptocurrency asset service providers to register with the FCA to comply with anti-money laundering regulations. However, so far, despite over 300 companies attempting to register, only 44 companies have successfully obtained registration.

ChainCatcher news, regarding the latest developments in the Binance case, CFTC Commissioner Christy Goldsmith Romero stated that there is no "pirate ship" in the U.S. market, and that "contacting U.S. customers is a privilege, not a right." The CFTC plans to continue actively pursuing cryptocurrency trading platforms that violate trading laws and will not tolerate the use of VPNs or other means that may circumvent KYC rules, including merely asking users to prove they are not in the U.S. in a pop-up prompt.Additionally, CFTC Commissioner Caroline D. Pham stated in another statement that the CFTC's jurisdiction knows no borders, and the CFTC will not cease its pursuit of non-U.S. entities.