Quote from: Franctoshi on March 01, 2024, 12:08:50 PM

Quote from: CryptSafe on March 01, 2024, 03:48:12 AM

Quote from: Franctoshi

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.

Quote from: CryptSafe on February 29, 2024, 08:42:59 AM

“In the last four years, more than $26 billion have been funnelled through Binance without trace.”

Quote from: Franctoshi

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.

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.

I don't mean the Binance platforms itself generally but the Binance Nigeria P2P platform side, because their actions recently caused the Binance P2P to shutdown few days ago citing it was part of the reason why the dollar is highly appreciating over the naira, secondly why would they go extent arresting two Binance executives in Nigeria? I wonder if Binance P2P platform now controls the Nigerian exchange market.

It is unfortunate that such a thing is happening in this current dispensation. I must say that I am highly disappointed by the act of the Nigeria government detaining the officials from binance. It does not portrays a good name for Nigeria as a whole. I also noticed that binance did removed the NGN p2p after they received the news that their staff were detained in Nigeria. Possibly that triggered the removal of the NGN p2p trade.

Things of this nature happens when the leadership and executives are bereft of ideas on how to stabilise the economic challenges of their nation. They just look for somewhere or someone to hold and point at as the reasons for such demeanour. This is the current situation between the Nigeria government and binance.
Now tell me, is binance the finance minister of Nigeria? Is binance running the economy of the nation? Is binance amongst producers in the nation?, is binance responsible for formulating the economic policy of the nation?
Who ever gave them that idea of going after binance and holding them responsible for the naira fall really made them a laughing stock and a mess.