noah_doe_writer
Sat Jun 08 2024
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5 answers
845
Why was Binance banned?｜Binance, , is facing five-count charges in the High Court. Less than five years after integrating Nigeria's local currency onto its platform, Binance ended its naira services last month following a government crackdown that led to the arrest of two of its executives.accused of manipulating the foreign exchange rate
Why did Binance get banned? Could you explain the reasons behind it? Binance, a major player in the cryptocurrency space, is currently facing multiple charges in the High Court. Less than a decade after integrating Nigeria's local currency onto its trading platform, Binance abruptly terminated its naira services last month. This decision seemingly followed a government crackdown that resulted in the detention of two of its executives. What exactly were the allegations against Binance? It's reported that the company was accused of manipulating the foreign exchange rate. Could you elaborate on the nature of these accusations and the legal implications for Binance?
