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Tag: Unregulated

Central Bank Claims Binance Operates Unregulated Banking in Nigeria

Central Bank Claims Binance Operates Unregulated Banking in Nigeria

Crackdown on Cryptocurrency: Nigeria's Standoff with a Global Exchange Giant The world of cryptocurrency is no stranger to controversy and regulatory challenges This time, the spotlight shines on Nigeria as its government takes a firm stance against the operations of a renowned global cryptocurrency exchange The core issue Conducting banking services on Nigerian soil without the necessary official nod The Federal High Court Hears It All In an unfolding drama that could very well set a precedent for how countries deal with digital currency exchanges, Nigeria’s Central Bank has taken a bold step...

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