FG detains two Binance executives –ReportTwo senior executives of Binance were allegedly to have been detained by the federal government. The executive officers flew to Nigeria after Binance website was taken down by the NCC in a way Nigeria can not be able to access the website. Although, the site is still accessible through the mobile app.
The federal government are demanding to see a list of Binance Nigerian users since the exchange inception, a person familiar with the matter said.
All these are happening so that we may learn and know why we need to be away from the use of centralized exchanges, the government can regulate anything as they wish, but in this case, am not sure they have the jurisdiction of making demands for the list of kyc information's of all its traders, business isn't scared of the Nigerian government for anything, all we expect from them is just a strict non compliance to the request, they have to work on their own economy and not the binance business or platform, if they do so, are they still going to go round other platforms or exchanges demanding same.