Kelsier Ventures, the firm involved in the LIBRA meme coin scandal in Argentina, is reportedly in discussions with Nigerian officials to launch a similar project on the Solana blockchain. This comes after the LIBRA controversy resulted in significant losses for investors. Despite denials of any wrongdoing, Kelsier Ventures has proposed using a $100 million control fund to repurchase and burn LIBRA tokens. However, expanding into Nigeria may be challenging due to the country's history with crypto fraud and its strict regulatory environment. Nigerian authorities have previously restricted banks from processing crypto transactions and increased efforts to combat cybercrime.



Other News from Today