CBN alleges Binance conducted illegal banking services in Nigeria
Jul 7, 2024
On July 5, the Central Bank of Nigeria (CBN) raised serious allegations against cryptocurrency exchange Binance, claiming it has been conducting banking services without necessary approvals. Olubukola Akinwunmi, head of payment policy and regulation at the CBN, testified in the Federal High Court in Abuja, emphasizing
Binance CEO Accuses Nigerian Government of Mistreatment and Abuse of Power
Mar 16, 2022
In a recent development, Richard Teng, CEO of Binance, has spoken out against what he perceives as mistreatment of his company’s officials by the Nigerian government. The situation escalated after Nigerian authorities detained two Binance executives on allegations of utilizing Binance assets to