A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited, were ordered to transfer just over $95,000 to the federal government as part of a plea bargain agreement. The country’s anti-graft body has also secured a court order to freeze over $325,000 held in the accounts of individuals and businesses suspected of engaging in unauthorized foreign exchange transactions.
Source: Bitcoin
