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SEC bans Binance Operation in Nigeria
Binance Nigeria Limited is not registered or regulated by the Commission, making its operations in Nigeria illegal.
The Securities and Exchange Commission (SEC) has identified Binance Nigeria Limited as operating an unauthorized crypto trading website in Nigeria.
The SEC warns that investing in crypto-assets through unregistered platforms like Binance Nigeria Limited is illegal and highly risky.
Investors are urged to exercise caution and only trade with registered and regulated platforms. Binance Nigeria Limited is directed to immediately stop soliciting Nigerian investors.
The SEC will take further regulatory actions and collaborate with other regulators to provide guidance on this matter.
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