On June 9, 2023, the Securities and Exchange Commission (SEC) in Nigeria made a significant declaration, branding Binance Nigeria Limited as an illegal entity in the country. However, Binance, the global cryptocurrency exchange, firmly denied any affiliation with "Binance Nigeria Limited."
Recently, on Friday, July 28, 2023, the SEC clarified its stance on the matter by explicitly referring to Binance through its official website, Binance.com. The circular released by the Commission reiterated that the activities of Binance, along with any other platform the company employs to solicit investors, are not registered or regulated by the SEC. As a result, these operations in Nigeria are deemed illegal.
Read More: https://www.investingport.com/sec-n...hanges-against-soliciting-nigerian-investors/
Recently, on Friday, July 28, 2023, the SEC clarified its stance on the matter by explicitly referring to Binance through its official website, Binance.com. The circular released by the Commission reiterated that the activities of Binance, along with any other platform the company employs to solicit investors, are not registered or regulated by the SEC. As a result, these operations in Nigeria are deemed illegal.
Read More: https://www.investingport.com/sec-n...hanges-against-soliciting-nigerian-investors/