🧨Binance will hand over all user data to Nigerian authorities🇳🇬

🧨Binance will hand over all user data to Nigerian authorities🇳🇬

Challenges with cryptocurrency persist. Due to intense disagreements with the regulator, the exchange had to completely remove NGN trading pairs from its list, and now, by court order, it must specifically identify users residing in Nigeria and regularly provide their transaction history.

🔣 Currently, the Economic and Financial Crimes Commission (EFCC) is investigating Binance's activities for alleged money laundering and terrorism financing. Additionally, the value of the naira is also constantly falling due to cryptocurrency exchange manipulations.

🔣 Record levels of naira devaluation were observed at the end of February: the value of NGN fell by 31%].

🔣 According to officials, just in the last year, around 26 billion USD passed through Binance's Nigerian subsidiary.

🔣 Two senior executives from the exchange, Tigran Ghambaryan, Vice President of Global Intelligence and Investigations, and Nadeem Anjarwalla, Director of the Western and Eastern Africa Trading Platform, are still under arrest.

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