Central Bank Official Criticizes Binance Operations In Nigeria
Summary
Binance operated illegally in Nigeria, violating Naira trading policy and breaching laws by providing deposit and withdrawal services restricted to banks. The crypto exchange's peer-to-peer feature and anonymous user identity protection also breached Nigerian laws. The ongoing legal trial has been adjourned to July 16, with concerns raised about the health of Binance executive Tigray Gambaryan, who has been detained in Kuje Prison since April. Justice Nwite has demanded a medical report on Gambaryan's health.
