By Hannah Parker
Amid a more extensive crackdown, Nigeria is taking a tough stand against Binance, one of the largest cryptocurrency exchanges in the world, by requesting user data on its top 100 local customers.
This action is being taken while the Nigerian government, which claims that Binance has severely damaged the local economy, is considering fining the company a whopping $10 billion.
With the arrest of two high-ranking executives from Binance and the exchange stopping naira transactions, the issue has become more heated, underscoring the mounting hostilities between national governments and international cryptocurrency platforms in the quickly changing world of virtual currencies. [Read more…] about Nigeria’s Crackdown on Binance: A $10 Billion Fine and Data Requests