Nigerian Government Slams $10Billion Fine On Binance Over Naira’s Free Fall

The Nigerian Government has demanded $10 billion as a fine from a popular cryptocurrency trading platform, Binance. This was confirmed by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, on Friday morning in an interview with the BBC. The presidential aide said the fine was demanded for the illegal operations of Binance which contributed hugely to the devaluation of the country’s currency, naira in recent times. “The platform fixes the exchange rate for the country and it is an illegal rate. The CBN is the only…

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