Binance in Nigeria faces immense regulatory backlash 2024
Written by Black Hot Fire Network on March 29, 2024
- The situation involving Binance in Nigeria has turned sour due to several events.
- For a few years, the Binance marketplace seemed to work well enough, but in 2023, the Nigerian government ended the naira’s peg to the US dollar as part of sweeping economic reforms.
- In what is now a testament to the sprained relationship between Binance and Nigeria, the authorities filed tax evasion charges against the cryptocurrency exchange.
Binance Under Regulatory Spotlight
Binance’s journey from a small start-up to one of . . .
