Eko Hot Blog reports that a trained crypto investigator Obinna Iwuno has said traders on cryptocurrency trading website Binance, are not anonymous as they can be traced. Iwuno, who is the President of the Stakeholders in Blockchain Technology Association of Nigeria, made this known while speaking as a guest on Channels Television’s breakfast show, The … Read more
EKO HOT BLOG reports that the House of Representatives Committee on Financial Crimes has summoned the CEO of Binance Holding Limited, Richard Teng, to appear before them over the allegations of money laundering and financing of terrorism. The Chairman of the Committee, Ginger Onwusibe, issued a seven-day ultimatum to Binance Holdings bossto appear before the committee … Read more
EKO HOT BLOG reports that the President Bola Ahmed Tinubu-led Federal Government has denied slamming a $10 billion fine on the cryptocurrency trading platform, Binance, over the free fall of the naira. In an interview with the BBC on Friday, presidential spokesman, Bayo Onanuga, had accused the cryptocurrency platform of aiding those fixing the Nigerian exchange … Read more
Eko Hot Blog reports that the Federal Government has slammed a $10 billion fine on the cryptocurrency trading platform Binance over its role in the free fall of the naira. This was made known by the Special Adviser to the President On Information and Strategy, Bayo Onanuga, in an interview with the BBC on Friday … Read more
Eko Hot Blog reports that the Office of the National Security Adviser (NSA), Nuhu Ribadu, has reportedly detained two senior executives, an American and a British Pakistani, at Binance. The detention comes amid the Nigerian government’s efforts to rein in speculation on the naira by cracking down on cryptocurrency exchanges. Recall that last week, the … Read more
Binance CEO labels Binance Nigeria Limited a scam, issues cease and desist. Securities and Exchange Commission declares Binance Nigeria Limited illegal. President’s administration bans Binance Nigeria Limited, warns investors. EKO HOT BLOG reports that the Chief Executive Officer of Binance, Changpeng Zhao, has stated that Nigeris’s subsidiary of the global cryptocurrency exchange platform is a … Read more
The Nigerian government has been unfriendly towards cryptocurrency trading in the past. It had always warned that crypto assets are risky investments. The government took its most significant step against crypto trading today by banning the largest exchange in the world from operating in Nigeria. Eko Hot Blog reports that Nigeria’s Securities and Exchange Commission … Read more
Binance is the world’s largest crypto trading platform The laws broken include some meant to eradicate money laundering Binance has never properly registered with the government Eko Hot Blog reports that US regulators are seeking to ban Binance, the world’s largest crypto trading platform, alleging that the firm has been operating in the country illegally. … Read more
Binance has completed its 17th annual BNB burn worth $639 Million BNB is the largest cryptocurrency exchange by trading volume and is trading $478, up 2.70% for the day, as of the time of this writing. Ekohotblog reports that leading cryptocurrency exchange Binance has announced that it had completed its 17th annual token burn in … Read more
Binance chief executive Changpeng Zhao said last month he wanted to improve relations with regulators, and said the exchange would seek their approval and establish regional headquarters. Popular Cryptocurrency exchange, Binance has announced on Wednesday the appointment a former US Treasury criminal investigator as its global money laundering reporting officer, part of an attempt by … Read more