The Chief Executive Officer of Binance, Changpeng Zhao, has declared Binance Nigeria Limited a scam entity.
In a statement issued via Twitter on Sunday, June 18, the Binance CEO declared the that “Binance Nigeria Limited” a scam entity.
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The declaration is coming days after the Nigerian government barred Binance operations in the country.
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Daily Report Nigeria reported that the Securities and Exchange Commission (SEC) of Nigeria had stated that Binance Nigeria Limited was operating illegally in Nigeria as it is not registered or regulated by the SEC.
Reacting to the announcement on Sunday, Zhao said, “Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news.”
