Quote from: DaveNeck on March 03, 2024, 03:58:07 PM

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

I have long anticipated this particular event between the Nigeria government and binance to take place in the future which is happening now. I remember in my previous comments on a topic created here and the other platform where I said that the government would soon begin clamp down on binance just to get the list of Nigerians registered on their platform since their inception and here it is taking shape. I believe all these fight like I Initially said is just to get at binance to pay tax of all the transaction charges they've been benefitting from Nigeria p2p trade deals.

I believe this is amongst the reasons why the clamp down is taking a different tone altogether and this was the response from the CBN governor when asked about the binance clampdown;
“In the last four years, more than $26 billion have been funnelled through Binance without trace.”

I would not be surprised that some powers that be themselves are into the Crypto currency trade and are just hiding behind playing innocent but doing the unthinkable just to protect or cover up their dirty act with the funds under their custody.

In all, the major reasons behind this scuffle is just taxation. The Nigeria government just wants binance to pay tax of all transactions they have conducted on the Nigeria binance p2p platform which they want to benefit from that's all. That is a huge amount of money which they know themselves could benefit from through channeling it to other means in the name of projects and other engagements.

My concern now is this, would the federal government charge binance to pay for tax in arrears right from their inception and also charge Nigerians registered with binance to pay tax in same fate as they have begin to put pressure on binance to give them list and details of Nigerians registered with them right from their inception.

Your thoughts and opinions are welcomed.

Ref.

https[Suspicious link removed]cutives-in-abuja-demands-list-of-nigerians-on-global-crypto-platform/

on February 27, 2024, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said $26 billion passed through Binance Nigeria from unidentified sources in one year.

Cardoso said the apex bank is collaborating with the SEC to ensure there is no manipulation in the FX market.Nigeria intensified its crackdown on cryptocurrency by detaining two executives of Binance, the prominent crypto trading platform that authorities allege enabled the naira currency’s slide to record lows this month.

The arrest, first reported by the Financial Times on Wednesday, follows a move last week that saw telecom providers shut off user access to the websites of Binance, Coinbase and other crypto exchanges. Crypto platforms have been scaling down services in Nigeria in the period since. On Wednesday, Binance stopped offering peer-to-peer trades that allowed users to exchange the naira for USDT, a digital currency pegged to the U.S. dollar.
The federal government probably are looking for recognition and partnership with binance maybe you tell ,. They feel that binance makes a whole lot of money from Nigerians with no accountability

I see many post talking on this platform about Nigeria government banning Crypto currency and amount deal