Nigerian SEC declare Ban on Binance Exchange activities. - page 2.

malcovi2

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Quote from: Charles-Tim on June 10, 2023, 06:00:15 AM

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.

Charles-Tim

legendary

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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.

Abu-Naim

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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/

Topic: Nigerian SEC declare Ban on Binance Exchange activities. - page 2. (Read 227 times)