Quote from: Y3shot on March 02, 2024, 07:14:42 PM

Quote from: Rruchi man on February 29, 2024, 10:07:46 AM

Quote from: Charles-Tim on February 29, 2024, 08:03:57 AM

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 our government are very funny, so if binance should give them the names of Nigerians that have been trading with the exchange what will they do? I'm so disappointed, this is not what the government is supposed to be doing. Their well known politicians that have Been stealing goverment funds, this are the people that the government are supposed to go after and not all this things they are doing. Their are many things for them to do.

Am very sure that before the government is asking for the list of Binance users in the country, it may have information on some particular users that may have used the exchange to launder funds that are ill gotten or used in sponsorship of terrorism in the country. It could also be that they just want to actually know if they can at any time demand the list like a manifest, thereby revoking the ability of anonymity that decentralization has offered so far.
All is just to gain power over cryptocurrency and thus, over those citizens who don't rely on office jobs or a business location/shop/address to survive in this country.

They will collect the compensation and other fines Binance has got to pay and if I know my country well, Binance and perhaps other exchanges will keep operating but on new terms.