Nigerian authorities call on government to ban Binance amid Naira crisis

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian government to prohibit the operations of Binance because it was exacerbating the strain on the Naira, according to local media outlet The Cable.

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Binance faces calls for ban by Nigerian Bureau De Change association

Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market.

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Nigerian SEC doubles down on Binance warning despite its recent approval in Dubai

The Nigerian Securities and Exchange Commission (SEC) reiterated its warning that Binance’s operation within the country was illegal, according to a July 28 statement. In its new notice, the regulator specifically mentioned Binance’s official website, stating that: “The Commission again reiterates that the activities of Binance, https://www.

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Binance's Activities Are Illegal in Nigeria, Securities Regulator Says

The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors.

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Binance Issues Cease And Desist To Nigerian Impersonator

Binance CEO Changpeng Zhao has taken to Twitter to deny any association with Binance Nigeria Limited which has been mistaken as part of the exchange. As a result, the exchange has now issued a cease and desist notice to the impersonator(s).

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Binance sends cease and desist notice to fraudulent Nigerian entity

This comes after the Nigerian Securities and Exchange Commission released a circular stating the illegality of Binance Nigeria Limited in the country.

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Binance Hit With Suspension Notice In Nigeria By Market Regulator

In a significant move, Nigeria’s market regulator has issued a directive to suspend the operations of Binance, the largest cryptocurrency exchange globally, within the country. The regulator stated that the exchange’s local unit, which had been attracting Nigerian investors through its website, was operating illegally.

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Binance Nigeria Ordered to Halt 'Illegal' Operations by Securities Watchdog

A spokesperson for Binance, which faces a U.S. SEC allegations that include operating an unregistered exchange, said the Nigerian company is not affiliated with the firm.

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Binance Nigeria Declared Illegal Despite Country’s Blockchain Technology Push

On June 9, the Nigerian SEC declared that Binance was operating illegally in the country as it was neither registered nor regulated by the Commission. The post Binance Nigeria Declared Illegal Despite Country’s Blockchain Technology Push appeared first on BeInCrypto.

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Nigeria in talks with Binance for a Digital City

The Nigerian government has tapped leading cryptocurrency exchange Binance to help develop a crypto-friendly digital economic zone in the country. Announced on Saturday by the Nigeria Export Processing Zone Authority (NEPZA), the project is targeted at promoting digital entrepreneurship around blockchain technology.

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Binance Blocked 281 Nigerian Users

The Binance CEO has announced that they restricted the 281 personal accounts of Nigerian users due to a need for compliance with international money laundering laws. The growth of cryptocurrency crimes has been a significant reason for using and enforcing securities laws.

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Binance заблокировала пользователей из Нигерии

Биткойн-биржа Binance заблокировала 281 аккаунт трейдеров из Нигерии в целях предотвращения отмывания денег и обеспечения безопасности платформы, заявил глава компании Чанпэн Чжао. Binance CEO @cz_binance pens a letter to Nigerian Binancians as he highlights the company's dedication to the community and its next steps.

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Binance заблокировала пользователей из Нигерии

Биткоин-биржа Binance заблокировала 281 аккаунт трейдеров из Нигерии в целях предотвращения отмывания денег и обеспечения безопасности платформы, заявил глава компании Чанпэн Чжао. Binance CEO @cz_binance pens a letter to Nigerian Binancians as he highlights the company's dedication to the community and its next steps.

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Binance Restricts Personal Accounts of 281 Nigerian users

A growing number of reports on social media allege that Binance, the world’s biggest cryptocurrency exchange platform, is aggressively clamping down on the wallets of users in Africa. In some other examples, users allegedly got feedback stating that their accounts may have been a recipient of fraudulent coin payments currently being tracked down, hence the […]

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Binance Launches Express Mode, Adds Nigerian Naira for P2P Trading

Nigeria is the second-largest peer-to-peer (P2P) cryptocurrency market in the world. The country suffered a huge blow on Feb. 5 when its apex bank released a circular issuing a ban on cryptocurrency trading.

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Binance Delists Nigerian Fiat-Crypto Pairs Following Government Crackdown

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Binance P2P Now Supports the Nigerian Naira, Its First African Fiat Currency

In an effort to expand its fiat-to-crypto services, Binance decided to add support on its peer-to-peer (P2P) platform for the Nigerian Naira (NGN). The integration allows Nigerian users to directly buy and sell cryptocurrencies like Bitcoin (BTC), Ether (ETH) and Tether (USDT) using the Binance P2P platform.

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Nigerian Naira Is First African Fiat Currency Supported on Binance P2P

Binance P2P launches support for the Nigerian Naira as its first African currency as part of the ongoing fiat-to-crypto expansion

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Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users

Here's how crypto exchanges are on-boarding unbanked users in Nigeria.

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Africa’s First Stablecoin is based on Nigerian Naira & Built on Binance Chain

The very first stablecoin of Africa is backed by Naira, the fiat currency of Nigeria and it will be built on Binance Chain, the blockchain software system developed by the leading cryptocurrency exchange Binance.

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Binance Adds Nigerian Naira Fiat Trading Pair, Opens Deposits

Binance adds support for the Nigerian Naira

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Crypto Exchange Binance Adds First Fiat Trading Pair, CEO Hints More Will Follow

Binance has added its first fiat currency trading pair. Nigerian users of the platform will now be able to deposit using their local currency, the naira, at the popular crypto trading venue. Previously, users of the platform have only been able to trade cryptocurrency for other cryptocurrency.

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Eyeing African Market, Binance Adds Nigerian Fiat-to-Crypto Gateway

Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs.

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Binance Launches Support for Nigerian Naira in Partnership with Flutterwave

Coinspeaker Binance Launches Support for Nigerian Naira in Partnership with FlutterwaveBinance has announced that Nigerian crypto enthusiasts anywhere in the world, will now have access to crypto trading, with support for the Nigerian Naira.

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Binance Adds Nigerian Naira as First Ever Fiat Trading Pair

Binance listed the first fiat trading pair, and it’s not the US dollar. Starting from today, Nigerian users will be able to buy Bitcoin, Binance Coin (BNB), and Binance’s stablecoin BUSD with Naira.

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Binance lists fiat-to-crypto trading pair with Nigerian Naira

Binance is in the news after Changpeng Zhao, CEO of Binance, revealed that the exchange had listed fiat-to-crypto trading pairs on its platform, trading pairs which involved the Nigerian Naira [NGN].

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