According to a report by the Financial Times, Nigeria is actively seeking information from Binance concerning its top 100 users within the country and their transaction history over the past six months.
Binance has been under increasing pressure in Nigeria, which saw it end all services involving the Naira as the government accuses it of enabling price manipulation.
🇳🇬REGULATION | Binance Discontinues All Naira Services Starting in March 2024
Naira deposits ceased after March 5 2024 with withdrawals stopping on March 8 2024.
Authorities have alleged that Binance benefited from ‘illegal transactions’ to the value of $26 billion.… pic.twitter.com/jKZ90I70ie
— BitKE (@BitcoinKE) March 7, 2024
Prior to that, local authorities detained two Binance officials as soon as they entered Nigeria as part of the investigations process. Tigran Gambaryan, Binance’s Head of Financial-Crime Compliance, and Nadeem Anjarwalla, a U.K. and Kenyan national and Binance’s Regional Manager for Africa, are being held in a guarded house with restrictions, such as how many times they can speak to their families.
🇳🇬‘We Are Working to Bring Nadeem and Tigran Back to their Families,’ Binance Says of Officials Detained in Nigeria 🇳🇬
In an exclusive to BitKE, Binance has revealed updates on the ongoing situation and what is is doing to ensure a swift resolution to the matter.… pic.twitter.com/fRn58Z6rnB
— BitKE (@BitcoinKE) March 13, 2024
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