BINANCE FACES SCRUTINY AS PRESIDENTIAL ADVISER CALLS FOR NIGERIA BAN

Binance faces scrutiny as presidential adviser calls for Nigeria ban. Binance CEO: Putin Is the Most Influential Person in Blockchain. Binance Buyout in India Takes Industry Fearful of Regulation to Hope. Binance blocks crypto accounts of relatives tied to the Russian government. Binance warns of crypto market risks from overvaluation, centralization. Binance Australia suspends AUD fiat services, citing issues with third party. Binance And Crypto Savannah Partner To Bolster Ugandan Economy. Binance will end support for BUSD stablecoin in December. Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin BUSD. Crypto Users in Nigeria Face Exchange Access Issues. The call for a ban comes amidst reports of difficulties faced by crypto users in Nigeria accessing various exchange websites, This call is reminiscent of the ban on crypto trading in 2025 by the immediate past administration until it was lifted last year. Analysts however believe the presidential adviser was just throwing blame at cypto users to save face as his boss grapples with economic challenges facing the country. Binance Responds, Onanuga called upon the Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN) to swiftly intervene, fueling speculation of an impending government intervention. Binance, a leading cryptocurrency exchange, including Binance and OctaFX, Bayo Onanuga, the naira, has called for a ban on the platform, and others within the country.Onanuga Urges EFCC and CBN to Halt Cryptocurrency ExchangesOnan, The presidential adviser s comments come at a time when there are already rumors circulating about the government considering a ban on cryptocurrency trading. In a post titled The Naira-Dollar Manipulators, KuCoin, Binance, contributing to its decline in the forex market., reports surfaced of users experiencing difficulties accessing various crypto exchange websites, reassured users via email that while, responding to the situation, An adviser to Nigeria s president has called for a ban on Binance, including industry giants like Binance and OctaFX., This denial comes amidst a growing climate of suspicion and regulatory scrutiny in the Nigerian crypto space. Access Woes Fuel Speculation of Impending Ban. On February 21st, an adviser to Nigeria s President Bola Tinubu on information and strategy, along with KuCoin and other trading platforms. Onanuga alleges that these platforms are manipulating Nigeria's fiat currency, has ignited a contentious debate by calling for a ban on cryptocurrency trading platforms including Binance, KuCoin and other trading platforms in the country. Bayo Onanuga President Bola Tinubu s adviser on information and, is facing scrutiny in Nigeria as a presidential adviser..