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The Biggest Lies That You Have Been Told About Money That Keep You Poor😅😅

There are several common misconceptions and lies about money that can keep people in a cycle of poverty. Here are a few examples:

1. "You need a lot of money to make money": This is a common misconception that often discourages people from pursuing financial opportunities. The truth is that with the right knowledge, determination, and smart financial decisions, it is possible to grow wealth from even a modest starting point.

2. "Debt is a normal part of life": Many people are told that debt, such as credit card debt or student loans, is just a normal part of life. While some forms of debt may be necessary, excessive debt can be a major obstacle to building wealth and financial stability.

3. "Investing is only for the wealthy": Some people are led to believe that investing in stocks, real estate, Cryptocurrencies or other assets is something only the rich can do. In reality, there are many accessible ways for people with varying income levels to start investing and building wealth over time.

4. "Money is the root of all evil": This misquote from the Bible has led some to believe that money itself is inherently bad. In truth, it's the love of money over ethical considerations that can lead to negative outcomes. Money can be a tool for positive change and can provide security and opportunities for individuals and their communities.

5. "You'll never get ahead without a college degree": While education can open doors and create opportunities, it's not the only path to financial success. Many successful entrepreneurs and professionals have achieved wealth and success through alternative paths such as vocational training, apprenticeships, or self-education.

It's important to critically evaluate these and other common beliefs about money and wealth, seeking out accurate information and advice to make informed financial decisions.

Please buy Ethereum right now because we may see this week breaking out the previous all time high (ATH)
$ETH
#PEPE‏ to the moon 🌓 get ready folks $PEPE will make some millionaires in 2024 next stop 0.00002000
#PEPE‏ to the moon 🌓 get ready folks
$PEPE will make some millionaires in 2024 next stop 0.00002000
Not we move
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🔥🌕$NOT Price Predictions for June and July 2024: Analyzing Potential Trends

According to a price trend analysis of #Notcoin (NOT), the digital asset is expected to face a temporary decline in value at the start of June 2024, with an estimated drop of -14.60%.

However, this downtrend is likely to reverse course by mid-June, as projections suggest a notable price increase of up to 110.46%. Throughout the remainder of the month, Notcoin is predicted to maintain a consistent upward trajectory, averaging around 38.16% growth by the end of June.

As we move into July 2024, predictions point to a minimum price of $0.00592, an average price of $0.0121, and a maximum price of $0.0141 for NOT. This indicates a substantial average change of approximately 82.77% when compared to earlier periods, suggesting sustained growth potential for Notcoin over the coming months.

#ETHETFS #BinanceLaunchpool #BTC
Friends, don't panic and sell PEPE when it dips. It has stabilized at 1300 and is facing resistance at this level. It won't fall below 1300 and is expected to rise back to the previous high. If it breaks through 1500, it will stabilize around that price. #PEPE_EXPERT #PEPAY🐸 $PEPE
Friends, don't panic and sell PEPE when it dips. It has stabilized at 1300 and is facing resistance at this level. It won't fall below 1300 and is expected to rise back to the previous high. If it breaks through 1500, it will stabilize around that price.
#PEPE_EXPERT #PEPAY🐸
$PEPE
Five shit coins to make you a millionaire by end of 2024 to 2025 bull market **Meme coins have taken the crypto world by storm, blending humor with serious investment potential. **Floki Inu** Inspired by Elon Musk’s Shiba Inu named Floki, Floki Inu aims to create a robust community and ecosystem. With projects like FlokiSwap, Floki Inu is more than just a meme coin; it’s building real utility within the crypto space. Floki price is $0.0002119 up 8% in last seven days and projected to hit $0.001 by end of 2024 #### **SHIBA INU** Dubbed the “Dogecoin killer,” SHIBA INU has built a massive following. Initially launched as an experiment in decentralized community building, SHIBA INU now boasts a decentralized exchange called ShibaSwap and aims to build a fully decentralized ecosystem. Shib price is $0.00002543 up 6% in last seven days and projected to hit $0.001 by end of 2024 #### **Dogecoin** The original meme coin, Dogecoin started as a joke but gained serious traction, thanks in part to high-profile endorsements from the likes of Elon Musk. Known for its friendly, enthusiastic community, Dogecoin is used for tipping online and charitable causes, emphasizing its utility and community spirit. Doge price is 0.1639 up 8% in last seven days and projected to hit $3 by end of 2024 #### **Bonk** Bonk is another emerging meme coin that capitalizes on the lighthearted nature of meme culture. With a playful approach, Bonk aims to create a fun and engaging community, leveraging the viral potential of memes to attract and retain users. It's price is $0.00003087 up 29% in last seven days and projected to hit $0.001 by end of this bull run **Pepe** Named after the internet-famous frog, Pepe coin taps into the cultural phenomenon of Pepe memes. It seeks to unite meme lovers and crypto enthusiasts in a vibrant community, emphasizing humor and online culture as its core .Pepe price is $0.00001102 up 80% in last 30 days and projected to hit $0.0001 by end of 2024 Please follow, like and share $Bonk $Shib $PEPE #MemeWatch2024
Five shit coins to make you a millionaire by end of 2024 to 2025 bull market
**Meme coins have taken the crypto world by storm, blending humor with serious investment potential.
**Floki Inu**
Inspired by Elon Musk’s Shiba Inu named Floki, Floki Inu aims to create a robust community and ecosystem. With projects like FlokiSwap, Floki Inu is more than just a meme coin; it’s building real utility within the crypto space. Floki price is $0.0002119 up 8% in last seven days and projected to hit $0.001 by end of 2024
#### **SHIBA INU**
Dubbed the “Dogecoin killer,” SHIBA INU has built a massive following. Initially launched as an experiment in decentralized community building, SHIBA INU now boasts a decentralized exchange called ShibaSwap and aims to build a fully decentralized ecosystem. Shib price is $0.00002543 up 6% in last seven days and projected to hit $0.001 by end of 2024
#### **Dogecoin**
The original meme coin, Dogecoin started as a joke but gained serious traction, thanks in part to high-profile endorsements from the likes of Elon Musk. Known for its friendly, enthusiastic community, Dogecoin is used for tipping online and charitable causes, emphasizing its utility and community spirit. Doge price is 0.1639 up 8% in last seven days and projected to hit $3 by end of 2024
#### **Bonk**
Bonk is another emerging meme coin that capitalizes on the lighthearted nature of meme culture. With a playful approach, Bonk aims to create a fun and engaging community, leveraging the viral potential of memes to attract and retain users. It's price is $0.00003087 up 29% in last seven days and projected to hit $0.001 by end of this bull run
**Pepe**
Named after the internet-famous frog, Pepe coin taps into the cultural phenomenon of Pepe memes. It seeks to unite meme lovers and crypto enthusiasts in a vibrant community, emphasizing humor and online culture as its core .Pepe price is $0.00001102 up 80% in last 30 days and projected to hit $0.0001 by end of 2024
Please follow, like and share
$Bonk $Shib $PEPE #MemeWatch2024
Bitcoin etf
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#ETFvsBTC: Win up to 500 FDUSD by sharing your insights!
Step into the #ETFvsBTC campaign and you could win up to 500 FDUSD! 🚀 Share your insights into the comparison between Bitcoin ETFs and direct Bitcoin purchases. Evaluate the pros and cons of each option, and provide valuable insights that could help guide new users!

Campaign Period: 2024-05-10 00:00 to 2024-05-15 23:59 (UTC)
To Participate: 
Use the hashtag #ETFvsBTC when sharing your insights on Binance Square regarding the advantages and drawbacks of investing in Bitcoin ETFs versus directly purchasing BTC. Ensure your post has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection: 
Five posts generating the most interaction will each be rewarded with 100 FDUSD.

Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted in Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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#ETFvsBTC: Win up to 500 FDUSD by sharing your insights!
Step into the #ETFvsBTC campaign and you could win up to 500 FDUSD! 🚀 Share your insights into the comparison between Bitcoin ETFs and direct Bitcoin purchases. Evaluate the pros and cons of each option, and provide valuable insights that could help guide new users!

Campaign Period: 2024-05-10 00:00 to 2024-05-15 23:59 (UTC)
To Participate: 
Use the hashtag #ETFvsBTC when sharing your insights on Binance Square regarding the advantages and drawbacks of investing in Bitcoin ETFs versus directly purchasing BTC. Ensure your post has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection: 
Five posts generating the most interaction will each be rewarded with 100 FDUSD.

Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted in Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
$ENA THE PRICE OF FUTURE TODAY❗️ Do you remember my post yesterday❓ Now you can see what I’m talking about when we say sooner or later #ENA IS GOING TO $100 The first goal ONE DOLLAR we got it in no time! Now looking forward to: ENA $2 ENA $3 ENA $5 2024 Looks like we might not wait till 2025 to see this target hit. 💯 is you and me to get together and stick to each other to make this happen, let’s keep building great projects like this and soon we will see true financial freedom. Let’s believe that and never give up CRYPT⭕️ Remember as it went up fast might go bit down fast, but not as fast MAYBE!
$ENA THE PRICE OF FUTURE TODAY❗️
Do you remember my post yesterday❓
Now you can see what I’m talking about when we say sooner or later #ENA IS GOING TO $100
The first goal ONE DOLLAR we got it in no time!
Now looking forward to:
ENA $2
ENA $3
ENA $5
2024
Looks like we might not wait till 2025 to see this target hit.
💯 is you and me to get together and stick to each other to make this happen, let’s keep building great projects like this and soon we will see true financial freedom.
Let’s believe that and never give up CRYPT⭕️
Remember as it went up fast might go bit down fast, but not as fast MAYBE!
$PEPE looks ready to do one hell of a PUMP ! I hope you are ready? #PEPEPotential🚀🐸 #PepeCoinPriceChallenge #PepeIsOnTheRise #MemeCoinsSeason
$PEPE looks ready to do one hell of a PUMP !
I hope you are ready?
#PEPEPotential🚀🐸 #PepeCoinPriceChallenge #PepeIsOnTheRise #MemeCoinsSeason
🌟💰 5 More Exciting Cryptocurrencies to Consider Before the Bitcoin Halving in April 2024! Don't Miss Out on the Action! 🚀 1. SEI 💼 SEI is a specialized Layer-1 blockchain for trading, optimizing every layer of the stack to provide infrastructure for all types of trading applications. 2. ALT 🔄 Altlayer is an open and decentralized protocol for rollups, providing security and interoperability for the crypto community. 3. AEVO 📈 Aevo is a decentralized derivatives exchange focusing on options and perpetual contracts, offering innovative solutions for traders. 4. PORTAL 🚪 Portal is a self-hosted Layer-2 wallet and exchange facilitating fast, secure, and private atom swaps between Bitcoin and other digital assets. 5. CYBER 🌐 CyberConnect is a Web3 social network enabling developers to create social applications. Its token, CYBER, is used for governance and payments, promising a vibrant ecosystem of decentralized social interactions. Explore these exciting opportunities in the crypto market and seize the potential for growth before the Bitcoin halving event! 📊💎 ❤️ If you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. 🙏🏿 #sei #Portal #cyber
🌟💰 5 More Exciting Cryptocurrencies to Consider Before the Bitcoin Halving in April 2024! Don't Miss Out on the Action! 🚀
1. SEI 💼
SEI is a specialized Layer-1 blockchain for trading, optimizing every layer of the stack to provide infrastructure for all types of trading applications.
2. ALT 🔄
Altlayer is an open and decentralized protocol for rollups, providing security and interoperability for the crypto community.
3. AEVO 📈
Aevo is a decentralized derivatives exchange focusing on options and perpetual contracts, offering innovative solutions for traders.
4. PORTAL 🚪
Portal is a self-hosted Layer-2 wallet and exchange facilitating fast, secure, and private atom swaps between Bitcoin and other digital assets.
5. CYBER 🌐
CyberConnect is a Web3 social network enabling developers to create social applications. Its token, CYBER, is used for governance and payments, promising a vibrant ecosystem of decentralized social interactions.
Explore these exciting opportunities in the crypto market and seize the potential for growth before the Bitcoin halving event! 📊💎
❤️ If you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. 🙏🏿
#sei #Portal #cyber
Nigerian Central Bank Passes the Buck on Crypto Regulation 🏦💼 In a surprising twist, Nigerian Central Bank Governor, Yemi Cardoso, has shifted the spotlight onto the Securities and Exchange Commission regarding cryptocurrency regulation. Cardoso clarified that while it's not within the realm of the central bank's duties, they remain committed to collaborating with law enforcement and regulatory counterparts. This move adds a new layer to the evolving landscape of crypto governance in Nigeria. 🔄🇳🇬 #APT #SHIB #sui #WIF #DOGE
Nigerian Central Bank Passes the Buck on Crypto Regulation 🏦💼
In a surprising twist, Nigerian Central Bank Governor, Yemi Cardoso, has shifted the spotlight onto the Securities and Exchange Commission regarding cryptocurrency regulation. Cardoso clarified that while it's not within the realm of the central bank's duties, they remain committed to collaborating with law enforcement and regulatory counterparts. This move adds a new layer to the evolving landscape of crypto governance in Nigeria. 🔄🇳🇬
#APT #SHIB #sui #WIF #DOGE
🚀🐸 Are You Prepared for Explosive Potential? 🐸🚀 Listen closely: Presently, PEPE stands at an enticing price of only $ 0.00000687. But picture this: by investing smartly with $1000, you could potentially transform that into an astonishing $11,700 when the price reaches 0.00010000$! 😱💰 Yes, you heard it correctly - remarkable profits await! Envision the endless possibilities! With PEPE displaying tremendous potential, there's no more opportune moment than now to seize the day and witness your funds flourish. Don't let this golden chance slip away to ride the wave of success and witness your investment soar. However, it's crucial to remember that trading carries risks, and market conditions are subject to change. Therefore, always conduct thorough research and invest prudently. With the right approach, you could be on the path to financial independence with PEPE! 🚀💸 Are you prepared to take action? Let's embark on this journey to new heights together! 🌟
🚀🐸 Are You Prepared for Explosive Potential? 🐸🚀
Listen closely: Presently, PEPE stands at an enticing price of only $ 0.00000687. But picture this: by investing smartly with $1000, you could potentially transform that into an astonishing $11,700 when the price reaches 0.00010000$! 😱💰 Yes, you heard it correctly - remarkable profits await!
Envision the endless possibilities! With PEPE displaying tremendous potential, there's no more opportune moment than now to seize the day and witness your funds flourish. Don't let this golden chance slip away to ride the wave of success and witness your investment soar.
However, it's crucial to remember that trading carries risks, and market conditions are subject to change. Therefore, always conduct thorough research and invest prudently. With the right approach, you could be on the path to financial independence with PEPE! 🚀💸
Are you prepared to take action? Let's embark on this journey to new heights together! 🌟
🚀🐸 Ready for Explosive Potential? 🐸🚀 Listen up: Right now, PEPE is a steal at just 0.00000787$. But what if I told you that by making a savvy investment of $1000, you could potentially turn that into a jaw-dropping $11,700 when the price hits 0.00010000$? 😱💰 Yes, you read that right - sky-high profits await! Imagine the possibilities! With PEPE showing incredible promise, there's no better time than now to seize the moment and watch your money work wonders. Don't miss out on this golden opportunity to ride the wave of success and watch your investment skyrocket. But remember, trading involves risks, and market conditions can change. So, always do your homework and invest wisely. With the right strategy, you could be well on your way to financial freedom with PEPE! 🚀💸 Ready to make your move? Let's soar to new heights together! 🌟 #PEPEALERT #HotTrends #ETHFI #TrendingTopic #BTC Disclaimer: Includes third-party opinions. No financial advice. See T&Cs. Share with friends now
🚀🐸 Ready for Explosive Potential? 🐸🚀
Listen up: Right now, PEPE is a steal at just 0.00000787$. But what if I told you that by making a savvy investment of $1000, you could potentially turn that into a jaw-dropping $11,700 when the price hits 0.00010000$? 😱💰 Yes, you read that right - sky-high profits await!
Imagine the possibilities! With PEPE showing incredible promise, there's no better time than now to seize the moment and watch your money work wonders. Don't miss out on this golden opportunity to ride the wave of success and watch your investment skyrocket.
But remember, trading involves risks, and market conditions can change. So, always do your homework and invest wisely. With the right strategy, you could be well on your way to financial freedom with PEPE! 🚀💸
Ready to make your move? Let's soar to new heights together! 🌟
#PEPEALERT #HotTrends #ETHFI #TrendingTopic #BTC
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
Share with friends now
#pepe #PEPEPricePredictions Alert ⚠️. Hold pepe for 12h because #pepe is near bullish . Now pepe coin price is 0.00000758 after 12h pepe will at peak of 0.00000950 which is very strong signal . Buy pepe now at wait for 12h bullis
#pepe #PEPEPricePredictions Alert ⚠️. Hold pepe for 12h because #pepe is near bullish . Now pepe coin price is 0.00000758 after 12h pepe will at peak of 0.00000950 which is very strong signal . Buy pepe now at wait for 12h bullis
💰🎉 Did I just strike gold with $13,320 worth of ETHFI tokens from the launchpad? 🚀 With only 2.5 days remaining, I've already secured about 3.7 ETHFI tokens. But wait, I expected stiffer competition, and I haven't even hit the 10 ETHFI mark yet! 😱 Curious about the value of my bounty, I searched on Google and stumbled upon a CoinDesk article. To my surprise, 1 ETHFI is purportedly valued at around $3,600! 🤯 If this holds true, my 3.7 ETHFI could be worth an astonishing $13,320. It seems almost too good to be real! 🤑 But hey, I'm open to corrections! Share your thoughts in the comments below! 💬 And don't forget to check out the Coindesk page yourself to confirm, as the ETHFI page differs from the regular ETH page. 📈🔍 #CryptoRiches #ETHFI #LaunchpadSuccess 💸🌟 Disclaimer: Includes third-party opinions. No financial advice. See T&Cs. Share with friends now
💰🎉 Did I just strike gold with $13,320 worth of ETHFI tokens from the launchpad? 🚀 With only 2.5 days remaining, I've already secured about 3.7 ETHFI tokens. But wait, I expected stiffer competition, and I haven't even hit the 10 ETHFI mark yet! 😱
Curious about the value of my bounty, I searched on Google and stumbled upon a CoinDesk article. To my surprise, 1 ETHFI is purportedly valued at around $3,600! 🤯 If this holds true, my 3.7 ETHFI could be worth an astonishing $13,320. It seems almost too good to be real! 🤑
But hey, I'm open to corrections! Share your thoughts in the comments below! 💬 And don't forget to check out the Coindesk page yourself to confirm, as the ETHFI page differs from the regular ETH page. 📈🔍 #CryptoRiches #ETHFI #LaunchpadSuccess 💸🌟
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
Share with friends now
🔥🚀 Ready to dive into the crypto frenzy with $PEPE? Get in now for an exhilarating ride! 🌟💰 If you jumped on board earlier, you would have secured $PEPE at a bargain price below 0.00000860. But don't sweat it if you missed out – hit that FOLLOW button for daily risk-free predictions! 🔮📈 Now, let's strategize. Here are two ways to capitalize on the imminent $PEPE surge: 1️⃣ Set your LIMIT SELL at 0.00000950 to lock in profits from your entry below 0.00000860! 💼💰 2️⃣ Hold tight for the explosive rally ahead! 🚀🌕 Expect a major pump in around 28 hours. I'm eyeing a sell target of 0.00001040 – a potential 10x return on our initial investment! 💥📈 While bumps may come, $PEPE is primed for a moonshot. This is just the beginning of your crypto journey. The choice is yours, but $PEPE promises astronomical gains! 💪💥 Don't miss out – join the race to financial freedom! $PEPE #HotTrends #CryptoBoom 🚀
🔥🚀 Ready to dive into the crypto frenzy with $PEPE ? Get in now for an exhilarating ride! 🌟💰
If you jumped on board earlier, you would have secured $PEPE at a bargain price below 0.00000860. But don't sweat it if you missed out – hit that FOLLOW button for daily risk-free predictions! 🔮📈
Now, let's strategize. Here are two ways to capitalize on the imminent $PEPE surge:
1️⃣ Set your LIMIT SELL at 0.00000950 to lock in profits from your entry below 0.00000860! 💼💰
2️⃣ Hold tight for the explosive rally ahead! 🚀🌕 Expect a major pump in around 28 hours.
I'm eyeing a sell target of 0.00001040 – a potential 10x return on our initial investment! 💥📈 While bumps may come, $PEPE is primed for a moonshot.
This is just the beginning of your crypto journey. The choice is yours, but $PEPE promises astronomical gains! 💪💥 Don't miss out – join the race to financial freedom! $PEPE #HotTrends #CryptoBoom 🚀
Nigerian Government Slaps $10 Billion Fine on Binance Trending In recent months, the government’s position on the exchange has been rather clear. The government had already arrested officials from Binance. Binance, a cryptocurrency exchange, has been fined $10 billion by the Nigerian government for making money via “illegal transactions,” according to Bayo Onanuga, a special advisor to President Bola Tinubu. In a Friday interview with the BBC, Onanuga revealed the monetary fine. In recent months, the government’s position on the exchange has been rather clear. In fact, just this week, the government intended to come down heavily on unpaid taxes from unregistered exchanges, and it had already arrested officials from Binance. Ongoing Crisis Binance has had a rough few months. A lengthy U.S probe led to heavy penalties and a leadership transition at Binance after years of scrutiny. A different nation has levied a hefty financial fine on it now. In an interview with the BBC, the special assistant to President Tinubu said that Binance had been fined $10 billion by the Nigerian government. The nation is calling out the exchange, saying that it made money off of “illegal transactions.” Onanuga stated: “The platform fixes the exchange rate for the country and it is an illegal rate. The CBN is the only authority that can fix the change rate for the country. Binance platform harbors people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy.” Since the Naira’s depreciation versus the US dollar has reached new lows, Nigeria is now experiencing a currency crisis. Even before his interview with the BBC, Onanuga had been demanding that Binance explain his views on the cryptocurrency exchange’s impact on the Nigerian economy. Highlighted Crypto News Today: Bybit’s Monthly Fiat Cashback Splash: Rewards for Both New and Seasoned Users Binance
Nigerian Government Slaps $10 Billion Fine on Binance
Trending
In recent months, the government’s position on the exchange has been rather clear.
The government had already arrested officials from Binance.
Binance, a cryptocurrency exchange, has been fined $10 billion by the Nigerian government for making money via “illegal transactions,” according to Bayo Onanuga, a special advisor to President Bola Tinubu. In a Friday interview with the BBC, Onanuga revealed the monetary fine.
In recent months, the government’s position on the exchange has been rather clear. In fact, just this week, the government intended to come down heavily on unpaid taxes from unregistered exchanges, and it had already arrested officials from Binance.
Ongoing Crisis
Binance has had a rough few months. A lengthy U.S probe led to heavy penalties and a leadership transition at Binance after years of scrutiny. A different nation has levied a hefty financial fine on it now.
In an interview with the BBC, the special assistant to President Tinubu said that Binance had been fined $10 billion by the Nigerian government. The nation is calling out the exchange, saying that it made money off of “illegal transactions.”
Onanuga stated:
“The platform fixes the exchange rate for the country and it is an illegal rate. The CBN is the only authority that can fix the change rate for the country. Binance platform harbors people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy.”
Since the Naira’s depreciation versus the US dollar has reached new lows, Nigeria is now experiencing a currency crisis. Even before his interview with the BBC, Onanuga had been demanding that Binance explain his views on the cryptocurrency exchange’s impact on the Nigerian economy.
Highlighted Crypto News Today:
Bybit’s Monthly Fiat Cashback Splash: Rewards for Both New and Seasoned Users
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