In a statement, the regulator emphasized that the lack of a license from the largest crypto exchange makes its activities illegal and ordered Binance Nigeria Limited to “immediately stop attracting Nigerian investors in any form.”
Binance representatives commented on this document. They noted that they are aware of the existence of the ban, but the company specified in the order of the regulator is not associated with the global exchange.
“We are trying to get clarity from the Nigerian SEC and intend to work with the regulator to resolve the issue,” a Binance spokesperson said on Telegram.
Note that the Binance Nigeria Telegram channel has over 64,000 subscribers.
Earlier it was reported that the Nigerian SEC is developing a pilot program for the circulation of tokenized assets pegged to the value of real financial instruments.
Source: Bits
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