Binance, facing regulatory pressures, is discontinuing all NGN-related services in Nigeria. The exchange's top executives have been summoned by the House of Representatives Committee. Users are given a deadline to convert their Naira balances to stablecoins like Tether's USDT.
BINANCE REMOVES NIGERIAN NAIRA TRADING PAIRS AMIDST REGULATORY TROUBLE Users are given until Friday to convert their Naira balances to stablecoins like Tether's USDT. Failure to do so by the deadline will result in automatic conversion of balances to USDT. Source: DL News https://t.co/MAkGVFjbmJ
Binance now has to launder their Nigerian currency to Tether fraud bucks. Nothing could possibly go wrong with this. https://t.co/yXppgqne0E
Regulatory pressures force @binance to exit Nigerian market. https://t.co/EWI39ZZB28
#Binance to discontinue all NGN-related services. More here ⤵️ https://t.co/dBJqBBBeTz
How is Binance going to convert those NGN balances to Tether? Oh right, money laundering and bank fraud. Binance clearly doesn’t have banking in Nigeria… Maybe Tether just prints more tokens out of thin air. Sure, why not? https://t.co/eghRovDnyv
#Binance Nigeria Standoff: Crypto Exchange's Top Executives Summoned by House of Representatives Committee https://t.co/q1xB8ulw3U