The Nigerian Government and Binance: The Way Forward — CMO of Flincap
Submitted by Anonymous (not verified) on Sun, 03/03/2024 - 13:50

On Friday, Nigeria levied a $10 billion fine against Binance, the leading global crypto exchange, citing allegations that the platform has played a
The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country.
The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.
Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announc
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.

Blockchain technology emerges as a potential robust solution to the persistent issue of counterfeit medicines in the pharmaceutical sector.
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