Nigeria regulator says local Binance operations 'illegal what you think about this. ?
Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal.
"Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," the Securities and Exchange Commission (SEC) said in a statement dated June 9. It said the company was not registered or regulated, making it illegal.
The U.S. Securities and Exchange Commission this week sued Binance and Coinbase for allegedly breaching its rules.
Last year, Nigeria's SEC published a set of regulations for digital assets.
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