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Binance to halt naira services amid ongoing regulatory probe in Nigeria
Binance will halt its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. The cryptocurrency
Binance will halt its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. This development follows recent regulatory actions by the Nigerian government, which imposed restrictions on both local and foreign cryptocurrency exchanges, including Binance. Furthermore, they summoned Binance CEO Richard Teng to provide explanations regarding investigations into alleged involvement in money laundering and terror financing, as reported by local sources.
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