Binance CEO Given 7 Days To Address Allegations Of Terrorist Financing In Nigeria | Bitcoinist.com

Nigeria has joined the global crackdown on alleged money laundering and terrorist financing within the crypto industry, with the House of Representatives Committee on Financial Crimes summoning Binance chief executive Richard Teng.

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Nigeria Fines Binance $10 Billion For Currency Devaluation

On Friday, Nigeria levied a $10 billion fine against Binance, the leading global crypto exchange, citing allegations that the platform has played a pivotal role in devaluing the Nigerian currency.

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Crypto Giants In Trouble: Binance And Coinbase Grapple With Access Bans Amid Nigeria’s Crypto Crackdown | Bitcoinist.com

To combat financial crimes associated with the digital asset industry, Nigeria has escalated its regulatory scrutiny of major cryptocurrency exchanges, including Binance and Coinbase.

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