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Topic: Nigerian SEC declare Ban on Binance Exchange activities. - page 2. (Read 298 times)

member
Activity: 1103
Merit: 76
But I wonder why only Binance, when other international exchanges are just like Binance.
Other big exchangers are also facing similar restrictions "Huobi, Bybit, and Kucoin"
Just like you said countries are starting to regulate crypto exchangers. They can no-longer be ignored because maybe they found out that they are dealing with fiat currencies which they need a license in order to operate.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
This is not a ban. But it is like a means that Nigeria SEC is using to planning to regulate exchanges. But I wonder why only Binance, when other international exchanges are just like Binance.
sr. member
Activity: 588
Merit: 289
 Binance Exchange is facing another challenge as the Nigerian SEC declared Binance Exchange service activities illegal, claiming that
Quote
Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member of the investing public dealing with the entity is doing so at his/her own risk
The SEC is currently advising Nigerians to avoid making any purchases of crypto assets on the exchange.
What do you think about this?
Are Binance users secure worldwide? Or will these restrictions and the ban on Binance activity spread globally?

This is onr of the effects of leaving our bitcoin on centralized exchanges.

Source: https://gazettengr.com/just-in-sec-bans-binance-operation-in-nigeria-declares-it-illegal-entity/
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