After the United States, cryptocurrency exchange Binance is also struggling in Nigeria. The activities of the cryptocurrency exchange Binance have been deemed illegal in Nigeria by the financial market regulator

Binance Nigeria Limited, the subsidiary of the global platform for buying and selling ss Binance, is going through a difficult time in Nigeria. Its activities were described as “illegal” by the Nigerian Securities and Exchange Commission (SEC) on Friday, June 9. The Securities and Exchange Commission has warned the public and Nigerian investors who are investing in this entity

Note that in March 2023, Binance suffered a major blow after customers withdrew up to $1.6 billion in less than two days on its platform. In addition, complaints have been filed several times against her in the United States for violating American regulations.