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Urgent announcement 📣📣📣 The Governor of the Central Bank of Nigeria has stated that Binance facilitated transactions totaling up to $26 billion over the past year, drawing from undisclosed sources and users. In light of this development, it is crucial for individuals seeking to enhance their understanding and awareness to consider the following points: 1) The potential for money laundering, indicating that billions of unaccounted dollars have been channeled through the system. 2) The risk of tax evasion. 3) The possibility of financing terrorism and facilitating organized crime. I urge all Nigerians to reflect on the implications of these factors and consider their next course of action. It is essential to prioritize discernment and compliance with regulations in all financial activities.

Urgent announcement 📣📣📣

The Governor of the Central Bank of Nigeria has stated that Binance facilitated transactions totaling up to $26 billion over the past year, drawing from undisclosed sources and users.

In light of this development, it is crucial for individuals seeking to enhance their understanding and awareness to consider the following points:

1) The potential for money laundering, indicating that billions of unaccounted dollars have been channeled through the system.

2) The risk of tax evasion.

3) The possibility of financing terrorism and facilitating organized crime.

I urge all Nigerians to reflect on the implications of these factors and consider their next course of action. It is essential to prioritize discernment and compliance with regulations in all financial activities.

Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Δείτε τους Όρους και προϋποθέσεις.
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Binance to Discontinue All Nigerian Naira (NGN) Services Fellow Binancians, Binance will discontinue all Nigerian Naira (NGN) services as per the timeline below. Users are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.  From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate below. Deposits, Withdrawals and Conversions: Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC).  Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC). After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN.  Please note that the conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.  The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page.  If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion. Spot: Binance will delist all existing NGN spot trading pairs (i.e., BTC/NGN and USDT/NGN) at 2024-03-07 03:00 (UTC). All open spot orders with respect to the above trading pairs will automatically be closed when trading ceases in the relevant trading pair. Users should ensure they have not selected “Hide Small Balances” in all of their wallets to view their assets after trading ceases. Convert: Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC). Binance P2P: Binance P2P delisted all NGN trading pairs at 2024-02-28 15:00 (UTC).
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