The laws concerning crypto for Naija no too dey clear, the other time no be government dey warn banks make dem no dey involved in any form with crypto transactions, banks like Opay, Palmpay, etc, even put up warning on their platform say dem fit seize your money if dem find out say e get connection with crypto.
If government wan make exchanges come register under the appropriate body, then make dem dey open to the industry, no be by locking up Binance representative for months, before finally releasing him few weeks ago. I don't think too many exchanges go register nor follow this guideline.
Yeah you are right however if you follow the law stated and register your crypto company probably Nigeria government won't bother you, they may later make some changes in there law about crypto follow that new law.
Binance was accused of tax evasion offences, money laundering etc.
I'm not sure of this accusations however regarding tax evasion yeah that one is true binance was not paying tax to Nigeria government but they were making huge amount of money in Nigeria.
Some foreign companies disobey Nigeria law's they sometimes don't follow the lay down rules and regulations and they take advantage of it.
If any exchange follows the regulations that is in place they will operate without any interference and make profit because Nigeria citizens are well into cryptocurrency.