Philippines Regulators to Ban Binance Crypto Exchange
Philippines financial regulator is set to ban Binance, the largest cryptocurrency exchange in the world, citing concerns over the company’s unlicensed operations in the country with the ban taking effect within three months. SEC documents dated March 25 indicate that the nation’s Securities and Exchange Commission (SEC) disclosed receiving support from the National Telecommunication Commission […]
Binance Executive Escapes Detention in Nigeria – Report
A detained Binance executive in the tax evasion case has reportedly escaped custody in Nigeria with a counterfeit passport and no travel documents. Nadeem Anjarwalla, an executive of Binance, and his associates were apprehended in a guesthouse in Abuja. According to reports, after Friday Ramadan prayers at a nearby mosque, the executive purportedly evaded apprehension […]
Court Orders Binance to Disclose All User Data in Nigeria
Binance Admin has been ordered by a Nigerian High Court to provide the Economic and Financial Crimes Commission (EFCC) with all pertinent data and information concerning any individual from Nigeria accessing its trading platform. As per the findings of Sahara Reporters, a local news outlet, the EFCC filed an ex parte motion against the cryptocurrency […]
Binance Announces $5M Reward for Tip-offs on Insider Trading
Binance crypto exchange intends to pay individuals with a pledge of $100,000 to $5 million for information about insider trading or corruption within the exchange. Binance announced on March 16 that it would incorporate the Solana-based memecoin Book of Meme (BOME) into its exchange portfolio. The Turkish lira, Bitcoin, Tether, and First Digital USD were […]
Nigerian Gov’t Pressures Binance for Data of Top 100 Local Users
The Nigerian government is pressuring Binance to disclose the identities of its top 100 users within the country amid an ongoing assault on the exchange while also seeking a $10 billion fine from Binance. The Financial Times reported on March 13 that Nigerian authorities requested Binance disclose their transaction history for the previous half-year, in […]