Nigeria government fined Binance $10B over illegal transaction

[Tribalchief]

https://twitter.com/WatcherGuru/status/1763549218394791958?t=hStBRb90vUadOpdHSVJu1A&s=19

An administration that couldn't even give a tangible manifesto before forcing way into power.
An administration that believes that the masses must suffer before they can enjoy.
An admiration that can't address the general issue of NLC, but still finds a way of shutting their mouths.

My people, abeg watin this our president see for task?. He clearly has no solution for us but insist on tasking the living and nonliving. After seeing this news, I literally became confused as I found it difficult to comprehend. What does the government mean by illegal transaction when Binance was never ban in the first place.
If I remembered correctly, they stopped banks from participating in any form of crypto transaction few years back, so why on earth are they demanding for what is not theirs.

$10B dollars. There is no way Binance is paying a penny to old men with zero plans for a nation.

Abeg, Incase u know how the illegal transaction take come about, try drop am for the comment section.

[Gideon99]

https://twitter.com/WatcherGuru/status/1763549218394791958?t=hStBRb90vUadOpdHSVJu1A&s=19

An administration that couldn't even give a tangible manifesto before forcing way into power.
An administration that believes that the masses must suffer before they can enjoy.
An admiration that can't address the general issue of NLC, but still finds a way of shutting their mouths.

My people, abeg watin this our president see for task?. He clearly has no solution for us but insist on tasking the living and nonliving. After seeing this news, I literally became confused as I found it difficult to comprehend. What does the government mean by illegal transaction when Binance was never ban in the first place.
If I remembered correctly, they stopped banks from participating in any form of crypto transaction few years back, so why on earth are they demanding for what is not theirs.

$10B dollars. There is no way Binance is paying a penny to old men with zero plans for a nation.

Abeg, Incase u know how the illegal transaction take come about, try drop am for the comment section.

 It's impossible to eliminate the risk of illegal activity on binance. Binance uses a combination technology to detect human and prevent illegal transactions. However there are always new ways for the scammers to try to evade detection, and constantly updating their systems to stay ahead of curves. The main area where binance is working to prevent illegal activities is through customer (KYC) and anti-money laundering programs. Binance always request all it users to complete KYC before they can use the platform. Do you think binance is not doing enough to protect illegal transactions?

[Agbe]

That 10 billions dollar fine is still a mystery in in the forum.to.me because many are saying it is a fallacy while.some said na true. Though e don tay when the thing happened. And in that period two of the Binance officials were arrested by the Nigerian DSS and one of them escaped and Tigran Gambaryan was remanded in the prison till now. But today I heard that Tigran Gambaryan has been finally released from prison but the case against Binance is still continue and trial will commence on the month of November. His release was base on a diplomatic ground of his health. And the charges of his arrest was $34.4 millions money laundering through Binance.

[rachael9385]

Honestly this our country our leaders na confused sets of minds come together. Them dey only dey serious for matter wey go give them money. See the kind money wey Dem bill binance change am to naira and see the huge amount wey Dem want de question even if binance pay this money where they money go enter?
This is greed and theft all together.

[Agbe]

Honestly this our country our leaders na confused sets of minds come together. Them dey only dey serious for matter wey go give them money. See the kind money wey Dem bill binance change am to naira and see the huge amount wey Dem want de question even if binance pay this money where they money go enter?
This is greed and theft all together.

This is a serious matter because I don't see where binance will generate $10 Billion  this is really funny because how much is the international generated revenue of Nigeria as a country as they're imposing such an a huge amount of money to binance as a company, they should just come out open to tell the nation that they don't want any thing called crypto in the Nigeria space as crypto currency related investment has lifted many out of the poverty line that the government has put the average Nigerian and binance as a crypto currency trading and investing app is seen as by government of the day to be helping Nigerian to come out of the economic situation that we find our self

[Axcel777]

Honestly this our country our leaders na confused sets of minds come together. Them dey only dey serious for matter wey go give them money. See the kind money wey Dem bill binance change am to naira and see the huge amount wey Dem want de question even if binance pay this money where they money go enter?
This is greed and theft all together.

This is a serious matter because I don't see where binance will generate $10 Billion  this is really funny because how much is the international generated revenue of Nigeria as a country as they're imposing such an a huge amount of money to binance as a company, they should just come out open to tell the nation that they don't want any thing called crypto in the Nigeria space as crypto currency related investment has lifted many out of the poverty line that the government has put the average Nigerian and binance as a crypto currency trading and investing app is seen as by government of the day to be helping Nigerian to come out of the economic situation that we find our self

This is not surprising since Binance is in very high demand, and people trust it to provide ways to overcome the economic challenges. To some, Crypto is a solution that creates opportunities for people that think they will never rise above the poverty line. If the government looks at this potential as an avenue to counter economic hurdles, then Binance, and other such cryptocurrency markets could well be an asset that contributes to long-term economic growth. Cryptocurrencies in general once integrated properly, they have potential to create more value for the society and finally we have the chance that create more independent economy without the need of foreign aid.