This is funny though after they banned crypto transactions for couple of years and they're looking for whom they will now collect taxes from, something they should have find away to do since and what they did was banning any crypto related transactions in the bank then.
Since the Federal government has succeeded in shutting down Binance I trust users will switched into using other P2P exchange platforms to run their transactions.
“In the last four years, more than $26 billion have been funnelled through Binance without trace.”
How did Federal government know that more than $26 billion has been funneled through P2P without a trace and yet they kept quiet all this while and they're just waking up now, insane.
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The federal government actually put a ban on crypto as a result of their ignorance, and after taking time to conduct thorough studies on the crypto market, they finally opened it so that they could begin to benefit from the crypto market.
The federal government did not shut down Binance, as they have not said, but rather binance is up and working
and the only issue is that Binance should give them a list and details of Nigerians domiciled with them for further investigations.
As for the money aspect, the federal government is privy to information in time and can act upon it as it may. That amount of money can be released at any time by the federal government to anybody who has the means to have it. Do not forget that the apex bank is owned by the federal government, so they will be very much in the know if money moves out and comes into the country at any point in time.