Crypto leaders express concerns over license requirement, Germany seizes $2.17 billion worth of BTC, SEC withdraws case against DEBTBox, Block announces layoffs.

Nigerian crypto leaders express concerns over the N500m license requirement, fearing the SEC’s attempt to stifle local companies.

In another notable development, Germany executes an unprecedented operation, seizing 50,000 Bitcoins valued at $2.17 billion.

Furthermore, the SEC plans to withdraw its case against crypto startup DEBTBox after acknowledging inaccuracies.

Lastly, Block, led by Jack Dorsey, announces layoffs in a bid for leaner operations.

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