• Latest
  • Trending
Binance Speaks on Restrictions Of Nigerian Crypto Accounts

Binance Speaks on Restrictions Of Nigerian Crypto Accounts

‘Not Admission of Guilt’— Minister Gives Reason for Resigning Amid Certificate Scandal

‘Not Admission of Guilt’— Minister Gives Reason for Resigning Amid Certificate Scandal

Tinubu Quietly Deletes Post After Nigerians Mock ‘Brillion’ Blunder

Tinubu Declines Assent for Two NASS Bills over Contradictions

What Mahmood Yakubu told Tinubu in his INEC Resignation Letter

What Mahmood Yakubu told Tinubu in his INEC Resignation Letter

Tinubu Honours Mahmood Yakubu with CON as INEC Tenure Ends

Tinubu Honours Mahmood Yakubu with CON as INEC Tenure Ends

JUST IN: Tinubu’s Minister Nnaji Involved in Certificate Scandal

Tinubu’s Minister Uche Nnaji Resigns Amid Certificate Forgery Scandal

CAN Replies Christian Genocide Claims in Nigeria — ‘Killings Have No Pattern’

CAN Replies Christian Genocide Claims in Nigeria — ‘Killings Have No Pattern’

BREAKING:  Acting INEC Chair Assumes Office

BREAKING: Acting INEC Chair Assumes Office

Wednesday, October 8, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Business News
Binance Speaks on Restrictions Of Nigerian Crypto Accounts

Binance Speaks on Restrictions Of Nigerian Crypto Accounts

by iDeemlawful
January 30, 2022
in Business News, Featured
A A
0

Binance Holdings Ltd., one of the world’s biggest crypto exchanges, said it restricted the personal accounts of some Nigerian users to comply with anti-money laundering regulations and ensure the security of the platform for traders.

“Protection mechanisms such as know your customer, anti-money laundering measures, collaboration with law enforcement, and account restrictions are in place to ensure our community remains protected,’ the crypto exchange said in a statement on its website.

“Some 281 Nigerian accounts have been affected by these personal account restrictions, with approximately 38% of these cases restricted at the request of international law enforcement,” it said.

SeeThese

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

Fears as Bitcoin Slips Below $77k

Binance executive Gambaryan Lists 3 Nigerian lawmakers who demanded N225bn ($150m) bribe

Many Nigerians trading on the Binance platform complained recently of inability to initiate or complete transactions.

ADVERTISEMENT

Users from the West African nation have faced challenges trading crypto since the Central Bank of Nigeria last year asked lenders not to transact with cryptocurrency exchanges and ordered digital currency traders to shut down accounts.

Notwithstanding, Nigerians continue to use the virtual currencies to hedge against inflation and naira slide, as well as to remit money.

Individuals in the country hold the world’s highest proportion of such assets per capita, according to a survey by Statista.

Binance has resolved 79 of the account restriction cases and plans to deploy more customer service personnel and risk agents to quicken the resolution process, it said. “All non-law enforcement-related cases will be resolved within two weeks,” it said

Tags: BinanceCryptocurrency
Previous Post

AAU ASUU Condemns SIT Over Alleged Activities, Set For Legal Action

Next Post

UK Reacts To Viral Petitions, Give Reasons Why IELTS is Imposed On Nigerians

Next Read

Tinubu Quietly Deletes Post After Nigerians Mock ‘Brillion’ Blunder
Breaking News

Tinubu Declines Assent for Two NASS Bills over Contradictions

...

Read moreDetails
What Mahmood Yakubu told Tinubu in his INEC Resignation Letter
Breaking News

What Mahmood Yakubu told Tinubu in his INEC Resignation Letter

...

Read moreDetails
CAN Replies Christian Genocide Claims in Nigeria — ‘Killings Have No Pattern’
Breaking News

CAN Replies Christian Genocide Claims in Nigeria — ‘Killings Have No Pattern’

...

Read moreDetails
Relief for Nigerians as Dangote Slashes Cooking Gas Price to ₦760/kg
Business News

Relief for Nigerians as Dangote Slashes Cooking Gas Price to ₦760/kg

...

Read moreDetails
Cooking Gas Hits ₦2,000 Per Kg as NNPC Blames Union Strike
Business News

Cooking Gas Hits ₦2,000 Per Kg as NNPC Blames Union Strike

...

Read moreDetails
APC Chieftain Roots for Dangote–Otti 2027 Presidency, Says It’ll Save Nigeria
Featured

APC Chieftain Roots for Dangote–Otti 2027 Presidency, Says It’ll Save Nigeria

...

Read moreDetails
Refineries: How Dangote Group was chased away from Rivers State
Business News

Dangote Offers Sacked Workers 5-years Salary Without Work

...

Read moreDetails
Four Conditions before Tinubu reinstates Fubara
Featured

BREAKING: Court Throws Out Rivers Emergency Rule Suit Against Tinubu

...

Read moreDetails
Next Post
UK Reacts To Viral Petitions, Give Reasons Why IELTS is Imposed On Nigerians

UK Reacts To Viral Petitions, Give Reasons Why IELTS is Imposed On Nigerians

Apex Bank, CBN Deploy Means To Report Banks With Poor Operations, Customer Supports

Apex Bank, CBN Deploy Means To Report Banks With Poor Operations, Customer Supports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About
  • Advertise
  • Editorial
  • Support

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Copyright © 2019 iDeemlawful.