Nigerian Central Bank Testifies Binance Operated Illegally in Court
CryptoNewsTerminal Staff05 Jul, 2024
Nigerian Central Bank Testifies Binance Operated Illegally in Court
In a money laundering case proceeding, a Nigerian central banker has testified in court that Binance was operating illegally in the country. Olubukola Akinwunmi, the Central Bank of Nigeria's director of payments system management department, stated that Binance was not authorized to allow Nigerians to trade cryptocurrencies and that the bank did not grant any license to Binance. This testimony is a part of an ongoing money laundering case against Binance and two of its executives, highlighting the ongoing scrutiny that cryptocurrency exchanges face in Nigeria.
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