NAIJA NEWS
The President Bola Tinubu-led administration has slammed a ban on the operations of Binance Nigeria Limited.
Najja News reports that the ban was disclosed in a circular by the Securities and Exchange Commission (the Commission).
The Commission, in the circular sighted by Naija News, stated that Binance Nigeria Limited is neither registered nor regulated, and its operations in Nigeria are, therefore illegal.
The circular reads: “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms.
“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.
