US EditionBinance: Nigeria orders cryptocurrency firm to pay $10bn
- Binance disputes reports of negotiating a $10 billion fine with the Nigerian government and aims to restore services soon.
- Two Binance officials were detained in Nigeria, sparking further investigations into crypto exchanges.
- The Nigerian government accuses Binance of causing economic disruption and plans to impose heavy fines, though no final amount has been determined yet.
12 Articles
12 Articles
The Nigerian government requires nearly 10 billion dollars from Binance, one of the leading cryptocurrency companies in the country. Authorities allege manipulation in exchange rates and price-fixing, actions that have resulted in the devaluation of the Nigerian currency by nearly 70% in recent months. Two Binance executive figures were arrested in Nigeria on... The post Nigeria demands $10 billion from Binance for currency manipulation appeared…
Just-In: Binance Faces $10B Fine Amid Nigeria's Crypto Crackdown
Nigeria has intensified its regulatory measures against Binance, one of the world’s leading cryptocurrency exchange platforms. The Nigerian government has demanded a staggering $10 billion fine from Binance, alleging its involvement in illicit activities within the country’s crypto space as well as linkages to the currency devaluation. As part of its efforts to maintain stability in its local currency amidst increasing crypto transactions, Niger…
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