Binance Executive’s Wife Refutes Extradition Claim; Thailand Strengthens Cryptocurrency Regulations

In Nigeria, there is an update from Binance and WuX is claiming bragging rights over tokenized treasury bills. You’re watching Coin Desk daily with your host, Jen Sani. An executive caught in Binance’s scuffle with Nigeria has denied reports of his arrest in Kenya and extradition back to Nigeria. Nigerian authorities found the executive in Kenya and were working on bringing him back to the country after he was detained in February on accusations of manipulating the local exchange rate, tax evasion, and money laundering. Coindesk has reached out to Interpol, Kenya’s Foreign Ministry, and Nigeria’s police force for comment.

Crypto exchange WuX is claiming to be the first to offer retail customers exposure to tokenized US Treasury bills with their new product, Real World Assets Vaults. This initiative bridges the gap between traditional financial securities and the world of cryptocurrency tokenization. The product has become popular in response to interest rate increases and the current crypto bull run. Last year, fin block announced plans to offer retail users access to tokenized T bills.

Thailand has decided to block unauthorized crypto platforms to enhance law enforcement efficiency in addressing online crime. The Securities and Exchange Commission of Thailand will give users time to manage their accounts before being unable to use the services. The Thai Sec referenced similar decisions made by countries like India and the Philippines in their announcement. Stay updated with Coin Desk daily on coindesk.com for more news.

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