The Securities and Exchange Commission has declared the activities of Binance illegal in Nigeria. This is according to a published circular on the commission’s website dated June 9, 2023. The commission stated that Binance is neither registered nor regulated by it, and its operations in the country are illegal. It noted that anyone conducting business on the exchange is doing so at their own risk. It said, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the…
Read MoreSEC Declares Binance Illegal, Says Nigerians Investing At Own Risks
