FG Slams $10 Billion Fine On Binance Over Free Fall Of Naira
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FG Slams $10 Billion Fine On Binance Over Free Fall Of Naira
By Naomisophyblog
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The federal Government of Nigeria led by Bola Tinubu has slammed a $10 billion fine on popular cryptocurrency trading platform, Binance.
The special adviser to President Tinubu on Information and Strategy, Bayo Onanuga, made this know in an interview with the BBC on Friday morning.
According to the presidential aide, Binance profited substantially from its “illegal transactions” in Nigeria while the nation suffered unexplainable losses.
Read Also:The Alternative Bank Fosters Rural Economic Growth in Katsina
This might not be unconnected to the attempt by the FG to crackdown on the activities of cryptocurrency exchange platforms operating in the country over their alleged involvement in the manipulation of the Naira.
Details shortly…
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