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

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 (1 year ago) | Addicted Hero

Good. Anything to fix the naira.

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Posted: at 1-03-2024 07:21 PM (1 year ago) | Addicted Hero

APEX!!!!!!!!!!!!!!!!!

Posted: at 1-03-2024 11:23 PM (1 year ago) | Grande Master

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 (11 months ago) | Newbie