#YouthMonth

SA youth: The myth of the digital-only generation

Access to capital: A persistent barrier for South Africa’s young entrepreneurs

ONE Gospel commemorates 50 years of Youth Day with inspiring Youth Month programming

More #YouthMonth

Subscribe & Follow

Advertise your job vacancies

Binance issues cease and desist notice to "Binance Nigeria Limited"

Binance has issued a cease and desist order to "Binance Nigeria Limited", Binance chief executive officer Changpeng Zhao said in a tweet on Sunday, 18 June, calling the Nigerian company a "scammer entity".

By Gursimran Kaur

19 Jun 2023

Source: Reuters.

Earlier this month, Nigeria's markets regulator ordered Binance to halt its operations in the country, saying local unit "Binance Nigeria Limited" that courted Nigerian investors through a website was not registered or regulated, making it illegal.

Binance, the world's biggest cryptocurrency exchange, has faced a string of setbacks recently, announcing plans to leave the Netherlands, Cyprus, Canada and Australia, and being charged by the US Securities and Exchange Commission (Sec).

The Sec sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls. Binance disputes the Sec charges.

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/