The Philippines Security and Exchange Commission (SEC) has directed Apple and Google to remove Binance app from their App stores for users in the country. According to a news report from CoinTelegraph, the SEC had formally requested that Apple and Google to remove applications operated by Binance, the biggest crypto exchange in the world. In […]
The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform, in a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, The criminal proceeding charges, filed at the Federal High Court in Abuja, were announced by the Federal Inland Revenue Service (FIRS) in a statement issued […]
Following its indictment by the Nigerian government on alleged manipulation of the country’s foreign exchange market and subsequent order given to it to discontinue its services in the country, Binance, a leading cryptocurrency trading platform, has advised Nigerians trading on its exchange to withdraw all their NGN assets. Specifically, Binance disclosed that it would no […]
The Federal Government has imposed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis. Mr. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu disclosed this early Friday during an interview with the BBC. According to him, the cryptocurrency trading platform benefitted from […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Federal Government to ban Binance from operations in the country, alleging that the company is partly responsible for the depreciating value of the Naira in the FX market. Binance is a global online FX platform that avails users the opportunity to trade […]
The Nigerian Export Processing Zones Authority (NEPZA) has hinted on its plans to create free zones space to blockchain tech and crypto currency operations in the country. The NEPZA’s Managing Director, Prof. Adesoji Adesugba, made this disclosure when he hosted delegates of two blockchain companies on visit to his office to make submissions on their […]