BREAKING: FG Slams $10 Billion Fine On Binance Amid Crackdown On The Crypto Exchange

Date: 01-03-2024 4:34 pm (8 months ago) | Author: onuigbo felicia
- at 1-03-2024 04:34 PM (8 months ago)
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The Nigerian government is demanding at least $10 billion as retribution from Binance amid crackdown on the crypto exchange platform in desperate moves to salvage the value of the nation’s local currency.

Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, made this known Friday morning in an interview with the BBC.

Binance profited substantially from its “illegal transactions” in Nigeria while the nation suffered huge losses, Mr Onanuga said during the interview,

Posted: at 1-03-2024 04:34 PM (8 months ago) | Addicted Hero
- nikiniki at 1-03-2024 07:11 PM (8 months ago)
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but binance said it was a lie and that it won't pay any ransom. that means that, binance implied that the nation want to strangulate her biz to squeeze money out of her. Was the current cbn gov not at cbn when binance was flourishing? would binance exch naira for crypto at a rate lower than the prevailing rate? The only thing that I saw is, it is an avenue to slush stolen cash abroad and even at that, it is still the responsibility of the cbn to report high threshold to SFU through the banks binance works wiith.
Posted: at 1-03-2024 07:11 PM (8 months ago) | Gistmaniac
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- fineboy77 at 1-03-2024 07:21 PM (8 months ago)
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Good. Anything to fix the naira.

Posted: at 1-03-2024 07:21 PM (8 months ago) | Addicted Hero
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- kp45 at 1-03-2024 10:13 PM (8 months ago)
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These leaders are dreamer.
Posted: at 1-03-2024 10:13 PM (8 months ago) | Addicted Hero
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- gogoman at 1-03-2024 11:23 PM (8 months ago)
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APEX!!!!!!!!!!!!!!!!!
Posted: at 1-03-2024 11:23 PM (8 months ago) | Grande Master
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- johnrock123 at 21-03-2024 03:39 AM (7 months ago)
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Posted: at 21-03-2024 03:39 AM (7 months ago) | Newbie
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- jugalan at 10-06-2024 01:05 PM (5 months ago)
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The recent actions by the Nigerian government against Binance highlight the ongoing struggle between national authorities and global cryptocurrency platforms. While the demand for $10 billion in retribution reflects the government's efforts to protect the local currency and economy, it also raises important questions about regulatory frameworks and the future of digital currencies in Nigeria. It will be crucial to see how this situation unfolds and what measures will be implemented to ensure a fair and transparent financial environment for all stakeholders.
Posted: at 10-06-2024 01:05 PM (5 months ago) | Newbie
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