Binance issues legally enforceable order to scammer entity amid ongoing battle with US SEC
Join Our Telegram channel to stay up to date on breaking news coverage Binance, the global cryptocurrency exchange, has refuted any connection to the entity referred to as Binance Nigeria Limited in the circular released by the Securities and Exchange Commission (SEC) of Nigeria. Binance clarified that it is neither aware of nor affiliated with the mentioned entity . SEC Nigeria’s Circular and Binance’s Response On June 9, the Nigerian SEC issued a circular addressing the activities of Binance Nigeria Limited, highlighting its unregistered and unregulated status. The circular served as a warning to the Nigerian public, cautioning them against engaging with the entity’s crypto asset trading platforms. The SEC’s circular explicitly stated that Binance Nigeria Limited is operating illegally in the West African country. As an unregistered and unregulated entity, it lacks the necessary authorization from the Commission to conduct its operations. The circul...