Auto Added by WPeMatico

Binance Nigeria Standoff: Crypto Exchange’s Top Executives Summoned by House of Representatives Committee

Top executives from Binance have been summoned to appear before the Nigerian House of Representatives Financial Crimes Committee no later than March 4. Ginger Onwusibe, the committee’s chairperson, has warned…

Continue ReadingBinance Nigeria Standoff: Crypto Exchange’s Top Executives Summoned by House of Representatives Committee

Binance Claims Ignorance of $10 Billion Fine Imposed by Nigerian Government

Binance, a leading cryptocurrency exchange, has denied allegations made by a Nigerian government official that it is facing a $10 billion fine. While Binance maintains its commitment to fostering a…

Continue ReadingBinance Claims Ignorance of $10 Billion Fine Imposed by Nigerian Government

Nigeria Detains Two Binance Executives, Crypto Platform Accused of Exchange Rate Manipulation

Nigerian authorities have reportedly detained two senior executives from Binance who had recently arrived in the country. The Central Bank of Nigeria’s governor stated that in 2023 alone, $26 billion…

Continue ReadingNigeria Detains Two Binance Executives, Crypto Platform Accused of Exchange Rate Manipulation

Crypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement

Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restricted at the request…

Continue ReadingCrypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement