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In a recent turn of events, Binance, the world’s largest cryptocurrency exchange, is grappling with significant challenges following the resignation and guilty plea of its founder and CEO, Changpeng Zhao. Within the last twenty-four hours, outflows from Binance, excluding bitcoin, have surpassed $1 billion, according to data from blockchain analysis firm Nansen. A CNBC report […]
Aminu Gwadabe, the President of the Association of Bureaux De Change Operators (BDC) of Nigeria (ABCON), has called on the federal government to halt the operations of the cryptocurrency exchange firm Binance in Nigeria. Gwadabe stressed the critical necessity of this action to strengthen the national currency, the naira. In an interview conducted in Lagos […]
The Securities and Exchange Commission has drawn attention to the website operated by Binance Nigeria Limited. It has been 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 and its operations in Nigeria are therefore illegal. Any member […]
Binance, dubbed the world’s biggest cryptocurrency exchange, will now accept bank transfers from customers in South Africa to ensure that all users can enjoy the services provided more easily. This development means South Africans can now use bank transfers to invest in digital assets like Bitcoin, Ethereum, etc. Customers will benefit greatly from the upgrade, […]
