free $ETH coin | Tisha Meriwether rM1b on Binance Square

Trending Articles

Bookmarked and Liked

Tisha Meriwether rM1b

--

free $ETH coin

Quoted content has been removed

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

ETH

2,483.09

+0.02%

159

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Tisha Meriwether rM1b

@Square-Creator-ce6cb9b563a9

Explore More From Creator

#NigeriaCrypto #btc $BTC $BNB $JASMY #TrendingTopic Binance Targeted: Nigeria Acts Against Crypto Amid Forex Concerns Amid concerns over the alarming depreciation of the Nigerian currency, the government is considering measures to restrict access to online platforms of major cryptocurrency firms like Binance. Officials reveal that this move is prompted by perceived manipulation of the forex market and illicit fund movements, which are exacerbating the currency’s decline. Reports indicate that platforms such as Binance are being exploited by currency speculators and money launderers. This is significantly contributing to the devaluation of the naira. The government is alarmed by this trend and is contemplating stringent actions against these crypto firms. Binance’s Compliance Measures In response to regulatory pressures, Binance has taken steps to comply with local regulations in Nigeria. It has imposed a cap on the selling price of certain tokens to align with directives from local authorities and demonstrate cooperation with regulatory bodies. Despite Binance’s efforts, some traders are finding ways to circumvent these restrictions by turning to alternative exchanges. This poses challenges for regulatory authorities in their efforts to combat illicit financial activities facilitated by crypto platforms. Collaborative Efforts and Concerns Collaborative efforts between Nigeria’s security agencies and the Central Bank underscore the seriousness of addressing forex speculation. It also addresses its impact on economic stability. A senior executive at the Central Bank expressed concerns over the role of platforms like Binance in misleadingly devaluing the naira in global markets, exacerbating inflation and economic instability. Furthermore, the proliferation of money laundering and terrorist financing through crypto exchanges underscores the urgency of regulatory intervention to safeguard Nigeria’s financial integrity and national security. Balancing Innovation and Regulation Additionally, recognizing the role of crypto firms in driving innovation

--

#BinanceTournament celebrating Xmas with Binance #bestwishes #BTC

--

Latest News

Ohio's Strategic Bitcoin Reserve Bill Advances Closer to Approval

--

Uniswap Co-Founder Comments On SEC Dropping Investigation

--

Solana Proposal Aims To Shift SOL Issuance To Market-Driven Model

--

U.S. Senator Proposes Bill To Combat Crypto ATM Scams

--

Anthropic Nears $3.5 Billion Funding Round With $61.5 Billion Valuation

--

Trending Articles

💰🎉guys! are you claimed Today $PEPE rewards or not??? if

Here Are All the Possible Scenarios and When the Market Will Turn Around

🚨BREAKING XRP NEWS🚨SEC Official Discloses Signs of Imminent XRP Ripple Appeal Dismissal‼️🙏

Bybit Launches ‘War’ Against North Korean Hacking Group Lazarus Following $1.46 Billion Theft

Binance Futures Limited-Time Offer: Share Up To 500,000 USDT

Cookie Preferences

Cookie Preferences