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Topic: Can Binance action revitalize Nigeria community? - page 3. (Read 357 times)

legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
Binance, the cryptocurrency exchange has restricted Nigerian users account to ensure users security and to protect the community from fraudulent activities saying is for a good reason.
Want to make sure what you mean is the same with this news https://cryptocurrencybazaar4u.io/2022/01/31/heres-why-binance-froze-the-accounts-of-281-crypto-users-from-nigeria/
If true, it has been explained that it is about complying with AML regulations, and some frozen accounts already re-accessed by their owners.

Can Binance truly protect Nigerian community from fraudulent activities?
If Binance can't protect their Nigerian users from fraudulent activities they will loss much because Nigeria is an African country that has a many crypto user.
sr. member
Activity: 1988
Merit: 275
What kind of restriction are they imposing to Nigerian accounts? I know binance has compulsory KYC so they will know who are their Nigerian users but any additional restriction they are not allowed to do?
And also even if they have strict rules about Nigerian accounts, scammers can always operate outside Binance. So they may lessen the scamming under their platform but outside, they have no control of that.
member
Activity: 61
Merit: 10
Binance, the cryptocurrency exchange has restricted Nigerian users account to ensure users security and to protect the community from fraudulent activities saying is for a good reason. What is ur say about this.
Can this action yeild a better result?
Can Binance truly protect Nigerian community from fraudulent activities?
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