Nigeria's Office of the National Security Adviser (ONSA) has officially confirmed an ongoing investigation into the operations of Binance, a major cryptocurrency exchange.
The confirmation comes after reports of the government detaining two Binance executives amid efforts to stabilize the foreign exchange market and control the value of the local currency.
The ONSA, in collaboration with the Central Bank of Nigeria and other law enforcement agencies, is coordinating an interagency investigation into Binance's activities. While details remain limited, sources suggest that the Nigerian authorities have made specific demands related to transaction data and compliance. The investigation raises concerns among crypto enthusiasts and prompts questions about the implications for the broader cryptocurrency landscape in Nigeria.
Source: Premium Times
