DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Binance - 2 Changpeng Zhao - 1 Zhao - 1 Gursimran Kaur - 1 Kirsten Donovan - 1 MacDonald Dzirutwe - 1 Helen Popper Our - 1
Top related locs:
Binance Nigeria Nigerian Netherlands Cyprus Canada Australia Bengaluru LAGOS
Top related orgs:
Binance - 2 U.S . Securities - 2 Exchange Commission - 2 SEC - 2 Thomson - 2 Securities and Exchange Commission - 1

Search resuls for: "Binance Nigeria"


2 mentions found


☆ Binance issues cease and desist notice to "Binance Nigeria Limited"
  + stars: | 2023-06-18 | by ( ) www.reuters.com   time to read: +1 min
June 18 (Reuters) - Binance has issued a cease and desist order to "Binance Nigeria Limited", Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a "scammer entity". Earlier this month, Nigeria's markets regulator ordered Binance to halt its operations in the country, saying local unit "Binance Nigeria Limited" that courted Nigerian investors through a website was not registered or regulated, making it illegal. The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls. Binance disputes the SEC charges. Reporting by Gursimran Kaur in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Binance, Changpeng Zhao, Zhao, Gursimran Kaur, Kirsten Donovan Organizations: Binance, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Binance Nigeria, Nigerian, Netherlands, Cyprus, Canada, Australia, Bengaluru
☆ Nigeria regulator says local Binance operations 'illegal'
  + stars: | 2023-06-10 | by ( ) www.reuters.com   time to read: +1 min
LAGOS, June 10 (Reuters) - Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. "Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," the Securities and Exchange Commission (SEC) said in a statement dated June 9. The U.S. Securities and Exchange Commission this week sued Binance and Coinbase for allegedly breaching its rules. That was after Nigeria's central bank in 2021 banned banks and financial institutions from dealing in or facilitating transactions in digital currencies. Nigeria's young, tech-savvy population has eagerly adopted cryptocurrencies, for example using peer-to-peer trading offered by crypto exchanges to avoid the financial sector ban.
Persons: Binance, MacDonald Dzirutwe, Helen Popper Our Organizations: Binance, Securities and Exchange Commission, SEC, U.S . Securities, Exchange Commission, Thomson Locations: LAGOS, Binance Nigeria
0 next >>
Total: 2