Nigerian authorities are urging Binance to provide details about its most prominent 100 users within the nation amidst a continued clampdown on the platform.
The request is a focal point in discussions between Binance and Nigeria, with the government perceiving the exchange as a key obstacle hindering its attempts to strengthen the national currency, the naira.
Nigeria Demands Binance’s Transaction Records
In addition to seeking information on some Binance users, Nigerian authorities have reportedly demanded the exchange to disclose its transaction records for the past six months, as stated in a Financial Times report dated March 13. The office of Nigeria’s national security adviser has also emphasized the need for Binance to address any outstanding tax obligations.
Bayo Onanuga, the presidential adviser on information and strategy, argued that Binance and other cryptocurrency platforms had manipulated the naira, significantly devaluing the local fiat currency. Onanuga also propose
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