Title: Binance Discontinues Nigerian Naira (NGN) Services: Transition to usdt, Removal of Trading Pairs, and Payment Options In the dynamic world of cryptocurrency trading, Binance, one of the leading global exchanges, has recently declared its intent to discontinue all services associated with the Nigerian naira (NGN) currency in the Nigerian cryptocurrency market. This decision follows…
The Nigerian House of Representatives Summons Richard Teng, Binance CEO, Over Allegations of Money Laundering and Terrorism Financing In a move that could potentially shake up the crypto world, Nigeria’s House of Representatives, specifically its Financial Crimes Committee, has summoned Richard Teng, the CEO of Binance, to appear before them by March 4, 2024. The…
Recently, there have been rumors circulating regarding a potential $10 billion fine imposed on the global cryptocurrency exchange Binance by the Nigerian government. However, these allegations have been refuted by Bayo Onanuga, the Special Adviser to the Nigerian President on Information and Strategy. In a statement clarifying the situation, Onanuga denied having confirmed any decision…
Nigeria’s Government Demands $10 Billion from Binance Amid Allegations of Economic Sabotage and Illegal Exchange Rate Manipulation The Nigerian government has issued a staggering demand for $10 billion in penalties from Binance, the world’s leading cryptocurrency exchange, due to accusations of significant financial losses incurred by manipulating exchange rates and causing a drastic depreciation of…
Binance, the renowned cryptocurrency exchange, has recently announced an exciting new addition to its trading platform – $PORTAL. This news comes as a testament to Binance’s unwavering commitment to expanding and enriching its offerings for users. Introducing $PORTAL: A New Trading Frontier The inclusion of $PORTAL marks a significant milestone for both Binance and the…
Unprecedented Influx of Untraceable Funds: A Challenge to Nigeria’s Financial Integrity Amidst a Foreign Exchange Crisis A Growing Concern: Untraceable Funds in Nigeria’s Financial Landscape In a recent development that has raised eyebrows within the financial community of Nigeria, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has expressed concerns over the…
Title: Binance’s Tangled Web with Nigeria: Arrest of Executives and the Ongoing Investigation Nigeria’s stance against cryptocurrency trading and exchanges has taken an intriguing turn following the recent arrest of two top executives from Binance, the world’s leading cryptocurrency exchange, in the country. The Nigerian authorities’ decisive move came shortly after their announcement to ban…
Binance, a leading global cryptocurrency exchange, has announced an innovative initiative to onboard high-volume traditional asset traders into its VIP program. This groundbreaking move represents a crucial step towards bringing the worlds of cryptocurrency and traditional finance closer together. Binance’s Pioneering Approach In a first-of-its-kind announcement on February 28, Binance revealed that new users who…
