Nigeria’s Crackdown On Binance...

Authorities Demand For Top 100 User Details...

The Nigerian government has called upon the exchange to provide comprehensive data on its top 100 users based in the country, alongside a detailed transaction history spanning the last six months.

The request from Nigerian authorities extends beyond user data, encompassing a demand for Binance to address “outstanding tax liabilities.” This request has sparked a lively discussion among the local community, with various individuals sharing their perspectives on the issue.

with various individuals sharing their perspectives on the issue.

some suggests since the exchange operates without a formal Nigerian entity, the request for user data seems out of place. Without a local business presence, Binance is not legally bound to comply with data requests from the Nigerian government.

Another suggested that rather than comply with the demand for user data, the exchange might opt to withdraw its services from Nigeria altogether...

The seriousness of these allegations is further highlighted by the detention of two exchange executives, Tigran Gambaryan and Nadeem Anjarwalla, who have been held in government housing since February 26 under the watch of the Nigerian National Security Agency.

Despite these challenges, Binance has expressed its commitment to cooperating with Nigerian authorities ..