Billions of dollars worth of “suspicious” transactions were made on Binance Nigeria last year.
Nigeria, struggling with a serious inflation and currency crisis, has begun to become the center of dubious cryptocurrency transactions. The country recently announced that it had blocked access to Binance and Coinbase.
He recently made a statement on the subject Central Bank of Nigeria (CBN) President Olayemi Cardoso last year Fund flow worth $26 billion through Binance Nigeria said that. Minister, It is unclear where most of these funds come from And “untraceableHe emphasized that it includes resources.
In his statement using the Binance example, he said, at best, “suspicious” fund flows have a serious is a cause for concern He included the following statements in the details of his statement:
We are concerned that some practices persist that indicate illegal and at best dubious flows passing through some of these organizations. In the case of Binance, in the last year alone, $26 billion passed through Binance Nigeria from sources and users we could not adequately identify.
2021 In 2018, the CBN banned financial institutions from dealing with Virtual Assets Service Providers (VASPs), including cryptocurrencies, citing concerns about financial risks and security. had banned. However, earlier this year, a more constructive attitude was taken and guidelines covering relations between cryptocurrency companies and banks were issued. positive changes It was done.