Summary
Confusion over a $10 billion fine on Binance in Nigeria, government official later clarifies comments. Two Binance executives detained for possible charges. Nigeria cracking down on crypto exchanges. Central bank governor raises concerns about funds passing through Binance Nigeria.
Key Points
1. Binance is facing mounting issues in Nigeria, with confusion arising over reports of a potential $10 billion fine imposed by the government.
2. Despite initial reports, a Binance spokesperson clarified that the exchange was not in discussions with the government about a fine of that magnitude.
3. Two Binance executives were detained in Nigeria, with potential charges of tax evasion, illegal operations, and currency manipulation looming.