Everybody hates Binance: Two staff held in Nigeria; finding the cash for $4.3b in US fines

Retrieved on: 2024-03-16 21:33:07

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Everybody hates Binance: Two staff held in Nigeria; finding the cash for $4.3b in US fines. View article details on HISWAI: https://davidgerard.co.uk/blockchain/2024/03/16/everybody-hates-binance-two-staff-held-in-nigeria-finding-the-cash-for-4-3b-in-us-fines/

Summary

The article discusses Nigeria's discontent with Binance, a crypto exchange, due to the naira's collapse and alleged role Binance played in setting exchange rates. Binance faces a hefty fine by US regulators and has suspended naira services while also looking for ways to pay its fines. The situation involves Nigerian and United States jurisdictions, with notable tension in Nigeria regarding Binance operations.

Article found on: davidgerard.co.uk

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