The crypto trading platform Binance has been slammed with a $10 billion fine by the Federal Government over allegations of influencing the country’s forex crisis.
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says more than $26 billion was funnelled through the cryptocurrency platform, Binance, in the last four years.
Binance has been facing a lot of regulatory issues all over the world. The largest cryptocurrency exchange by volume of transactions has been under intense scrutiny from central banks and regulatory authorities in several countries.
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