To strengthen cybersecurity and combat illicit financial activities, the United States and Nigeria established the Bilateral Liaison Group on Illicit Finance and Cryptocurrency.
This joint initiative aims to strengthen the capacity of both countries to fight cybercrime, with a particular focus on the increasing misuse of cryptocurrencies in illicit transactions.
The US State Department announced this through its website on Wednesday, reaffirming its commitment to working with Nigeria on the critical issues of financial crime and cybersecurity.
The partnership aims to combat malicious cyber operations and digital threats that are increasingly disrupting global economic activity.
“The United States works with partners around the world to counter and respond to malicious cyber operations, cybercrime, and other digital harms while advancing cyberspace and digital technologies that promote economic prosperity. ”
“The United States reaffirms its commitment to a close partnership with Nigeria, and the U.S. Department of Justice continues to work with the Nigerian government to build capacity to pursue cybercrime investigations and prosecutions.” The sentence was read.
The Nigerian government has recently cracked down on the use of cryptocurrencies, arguing that they allow money to flow in from untraceable sources, leading to a weaker naira.
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In August, the Nigerian government froze more than $37 million in cryptocurrencies stored in wallets believed to belong to some organizers of the #EndBadGovernance protests, following an order from the Federal High Court in Abuja. did.
The country is also restricting citizens’ access to cryptocurrency websites and trading platforms following the arrest of a staff member at Binance, the world’s largest cryptocurrency company.
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