The federal government are demanding to see a list of Binance Nigerian users since the exchange inception, a person familiar with the matter said.
Is this even a legal move of our government or they're just trying to bully binance? With the news of their P2P already down on binance, it has already sent many users out of the platform and by the close of today many more people would leave binance and move to other exchanges where they can still trade their Bitcoin for naira.
If Binance bends to the government and submit a list of its users, it will further reduce the trust that other people in other countries who use their services have for the company. They will loose many customers.
This is frustrating because it affects both we the users and the binance exchange it selfs, the government are not helping this our economy with their so called regime. Crypto is not in any way spoiling our economy but the government are the ones making sure to frustrating crypto users. However for those that doesn't find it difficult to sell their coins on binance I think there is another method you can use to sell your coins ASAP, but before you sell your coins you must first of all swap your BTC to USDT and send it through fiat.