Binance’s cryptocurrency exchange operations in Nigeria were deemed” outlawed.”

BUSINESS

Exploring the Interplay Between Gaming and Cryptocurrencies: Two Worlds Collide

As you venture into the worlds of gaming and cryptocurrencies, you find two seemingly disparate realms beginning to overlap and influence one another in interesting ways. Virtual currencies were first introduced in multiplayer online games to facilitate in-game trade, but now cryptocurrencies like Bitcoin have become a phenomenon of their own. At the same time, […]

Technology

Binance’s cryptocurrency exchange operations in Nigeria were deemed” outlawed.”

The Securities and Exchange Commission (SEC) has issued a circular directing the Nigerian unit of cryptocurrency exchange Binance to immediately halt its “illegal” operations within the country. The SEC alleges that Binance Nigeria Limited, the local unit of the exchange platform, is neither registered nor regulated by the Commission, citing violations of federal securities laws

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