Regulatory Alerts2023-07-28
Warning Against Investing With Binance
The Nigerian Securities and Exchange Commission has declared Binance’s crypto-asset solicitation activities unregistered, unregulated, and illegal within Nigeria. It directs all platform providers soliciting Nigerian investors to immediately cease operations and warns the public that unregulated crypto investments carry a high risk of total loss. The regulator will issue further guidance and coordinate with other Nigerian authorities to monitor compliance and protect investors.
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