Has much changed since our government fraustrated Binance?

[Rruchi man]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

[Mia Chloe]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Yeah a couple of things changed if you ask me. Many people had to go through the pain of redoing KYC verifications on other Centralised exchanges just so they could swap their coins for fiat when binance was no longer allowed in Nigeria. Well the government made it seemed like they were at fault then and from what I followed as a then the government gave them too many unbearable rules that made them leave for good.

From what I ve experienced so far, the government doesn't care much about what we think. It's more like the opinions of the citizens are no use.

[SmartGold01]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

Binance should pay the taxes to continue operating in Nigeria you know like the US or some other countries that values taxation binance can't go and operate smoothly in those country without paying taxes so what else do you think our government will do at least pay off there taxes then our government may allow them to operate smoothly and also remit that tax either monthly yearly, or whatever way the Nigerian government may want it I think this are the major problem why the problem of the two staff that was detained in our country, if they are being released Binance will pay deaf ears so they used those staffs to make sure every bill were cleared before releasing them. Although I never put much ears on those staffs if they had been released.

[Charles-Tim]

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

People continue to trade in P2P market on exchanges like Bybit and Bitget. Also there are people that are trading P2P on Telegram. Also there are many people that are trading P2P through many other means like Whatsapp. Paxful is still a common P2P exchange in Nigeria. So why the harsh decision on Binance, OKX and some other exchanges? Without doubt, Binance supposed not stop naira/crypto P2P but the government will not make the right decision. They are always out of clue.

[Hatchy]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

Like I'll always say, our government are just confused.. they want to limit fingers so th public will say that they are actually working to fix the country whereas they have other reasons for their irrelevant actions. I was hearing the other day that the binance official who was sent to make deal with the government is still in custody. Like what crime did he commit for them to keep him there for so long. It's not fair at all.. naira is already long gone, try are the problem and they should fix their mess then self instead of looking for people to blame.

[Charles-Tim]

Like I'll always say, our government are just confused.. they want to limit fingers so th public will say that they are actually working to fix the country whereas they have other reasons for their irrelevant actions. I was hearing the other day that the binance official who was sent to make deal with the government is still in custody. Like what crime did he commit for them to keep him there for so long. It's not fair at all.. naira is already long gone, try are the problem and they should fix their mess then self instead of looking for people to blame.

This is exactly what it is. People with knowledge can easily know what is happening which is inflation. Inflation should be proportional to rising foreign currency prices. Inflation continues in the country, dollar also suppose to rise in value. This present government are so deceiving.

[EluguHcman]

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

I guess it was clearly obvious that the Nigeria government lied over the accused of the exchanges and the money laundry cases because ever since they prompted Binance from delisting Naira (#) from their P2P feature, no good value has the naira gained.

We as crypto enthusiasts should not even be bothered about the government liaising with the exchange in recalling back the P2P to the exchange.

To God be the glory that there are other functioning exchanges where we can perform our Crypto transactions equivalent to the categories of the binance.

[Sim_card]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

The money laundering case ha s been dropped by our government and Binance executives have been released from custody and back to US. I don't know if Federal Government will be bold enough to discuss with Binance and allow them to come back to Nigeria. But I don't think that with the way Binance Executives were treated when they came to Nigeria, I don't think that they would love to do anything with Nigeria anymore.

[target]

Would the Nigerians be using them still when they are back?

They will be compliant to the Nigerian government if they operate once again so that would be a good sign that business will be smoother. However, this might also mean that your government will be coordinating with binance when it comes to monitoring the crypto traders in your country.

[Tribalchief]

~snip

Yeah a couple of things changed if you ask me. Many people had to go through the pain of redoing KYC verifications on other Centralised exchanges just so they could swap their coins for fiat when binance was no longer allowed in Nigeria. Well the government made it seemed like they were at fault then and from what I followed as a then the government gave them too many unbearable rules that made them leave for good.

From what I ve experienced so far, the government doesn't care much about what we think. It's more like the opinions of the citizens are no use.

You have a point here. The thing is, this government sometimes don't truly understand how external business partnership works, because from the look of things, it felt as if the rules were literally to enslave them(binance), and we know that no business organization would enjoy being oppressed, even if they had to leave a large number of customers that they've gotten in Nigeria already.

Though, I think Nigerians have been able to readjust to using other exchanges, but it seems that the place of binance can never be replaced because most people started with it.

[Charles-Tim]

The money laundering case ha s been dropped by our government and Binance executives have been released from custody and back to US. I don't know if Federal Government will be bold enough to discuss with Binance and allow them to come back to Nigeria. But I don't think that with the way Binance Executives were treated when they came to Nigeria, I don't think that they would love to do anything with Nigeria anymore.

The government have shown how this country is a lawless country. You invited someone into your country forn questioning but they were detained instead when they got to Nigeria. Tigran Gambaryanwas detained for several months. If not because the other executive escaped to Kenya, he would have suffered the same with Tigran Gambaryan. Tigran Gambaryan was sent to Kuje prison. Someone that did not commit any offense. Our government has shown them how incompetent they are in handling foreign matters.

Many Nigerians have left Binance because the reason they are on Binance is P2P. OKX left because of this. For other crypto products and services, Nigerians can still have access to Binance which I think Binance can be okay with. But it is possible that Binance might want a license in Nigeria, but there are some government officials that prefer bribe but Binance is not ready to bribe.

[Axcel777]

Would the Nigerians be using them still when they are back?

They will be compliant to the Nigerian government if they operate once again so that would be a good sign that business will be smoother. However, this might also mean that your government will be coordinating with binance when it comes to monitoring the crypto traders in your country.

If Binance forwarded its operation in Nigeria without the approval of the Nigerian government it may open new business realities that would allow us to transact safely and securely. With it, people can have a sure notion of how successful and efficient these cryptocurrencies businesses in Nigeria can be run hence boosting the spirits of the members of the crypto community to conduct their businesses in our country’s economy.

[rachael9385]

The only problem wey Nigeria government dey get be say them too dey put eye for matter wey no dey relevant, see the kind fine wey Dem carry hit binance 10 billion naira that one sef show say them just dey after the money wey binance dey get from these exchanges but Dem go talk say them dey try keep banks functioning. But. Make e no shock you say them dey into these exchanges too. Na secretly them dey run am.

[Cryptsafe]

 The both parties means business so they should be able to reach a resolve so that they could benefit from each other. Binance ought to know that they would be required to pay tax if they want to leverage on the  Nigeria  crypto community and in other to succeed, they would have to reach a memorandum of understanding so as to be able to operate in the country and this is what the Nigeria government is after you can not be making money from Nigerians and not pay tax to the government. This is just the grievances between the both parties. If it were to be the western world, they would be held to pay tax for every transactions carried out by their citizens on their platform.

[target]

Would the Nigerians be using them still when they are back?

They will be compliant to the Nigerian government if they operate once again so that would be a good sign that business will be smoother. However, this might also mean that your government will be coordinating with binance when it comes to monitoring the crypto traders in your country.

If Binance forwarded its operation in Nigeria without the approval of the Nigerian government it may open new business realities that would allow us to transact safely and securely. With it, people can have a sure notion of how successful and efficient these cryptocurrencies businesses in Nigeria can be run hence boosting the spirits of the members of the crypto community to conduct their businesses in our country’s economy.

They were trying to comply to the government when the send 2 executives, most probably to negotiate the fair amount in operating in the country but I think they find the government impossible to negotiate when they tried to detained the 2.

That time they didn't just negotiate to binance operation but also the lives of the 2. The chance of them getting back I think will be influenced by how the Nigerian government treats them.