.binance's activities are illegal in Nigeria, SECNigeria said. camomileshumba reports.
, the country's Securities and Exchange Commission said in a Friday notice that also ordered all crypto platform providers to stop soliciting Nigerian citizens.that referred to a company called Binance Nigeria Ltd. Binance told CoinDesk at the time that the company was not affiliated with it.
In Friday's notice, the SEC specifically referred to the crypto exchange's website.and any such other platform through which the company solicits investors is neither registered nor regulated by the commission and its operations in Nigeria are therefore illegal," the SEC said. The regulator ordered all platform providers affiliated with crypto to stop reaching out to Nigerian investors.
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