CBN says $26bn passed through Binance from unknown sources
Mr Cardoso expressed worry over the significant volume of transactions passing through Binance Nigeria, emphasizing that the origins and beneficiaries of these funds are yet to be adequately identified
The Tuesday raised concerns over the sum of $26 billion that flowed through Binance Nigeria over the past year from “unidentified sources”.
The Nigerian government recently blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds.
Addressing journalists during a question and answer session at the end of the Monetary Policy Committee meeting, CBN Governor, Olayemi Cardoso, expressed worry over the significant volume of transactions passing through Binance Nigeria, emphasizing that the origins and beneficiaries of these funds are yet to be adequately identified.