The Securities and Exchange Commission (SEC) of Nigeria has declared the activities of Binance in Nigeria illegal.
According to a statement published on its website, any Nigerian trading on Binance Nigeria Limited, a subsidiary of the well-known global cryptocurrency exchange Binance, is doing so at his or her own risk.
SEC noted that the company’s activities are in violation of Nigerian law urging Nigerians to exercise caution when dealing with unregistered and unregulated platforms such as Binance Nigeria.
The statement from SEC reads, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms.
Binance Nigeria Limited is neither registered nor regulated by the Commission & its operations in Nigeria are therefore illegal.
The Federal School of Nursing and Midwifery, Uturu, Abia State (Establishment) Bill, 2024, sponsored by…
The organizers of a children's funfair have been arrested after a stampede at the Islamic…
The determination of President Bola Ahmed Tinubu's administration to address youth unemployment head-on in the…
The Kaduna Police Command reported that on December 16, 2024, three alleged car snatchers and…
According to reports, a stampede during a children's carnival in the state capital of Ibadan…
Indiana, a US state, executed a mentally ill man on Wednesday for the first time…