Nigerian officials have reportedly requested data on the top 100 largest customers of Binance following the detention of the exchange’s executives. The spotlight is once again on Nigeria as local authorities are said to be demanding a $10 billion fine from Binance for foreign exchange rate manipulation linked to the naira currency. This time, officials are seeking access to Binance’s top 100 users in the country, as well as six months of transaction history, according to correspondence between Nigerian officials and the exchange cited by the Financial Times.
Additionally, Nigeria’s national security adviser’s office is pressing Binance to address any outstanding tax obligations. Despite reaching out to Binance for comment on the matter, Crypto.news has not received a response before press time.
Recent actions taken by Nigerian officials come on the heels of the detention of Binance’s executives Nadeem Anjarwalla and Tigran Gambaryan, who are key figures in the exchange’s operations in Africa. The two executives are reportedly being held without charge, with their phones and passports confiscated.
It appears that Nigeria is making efforts to stabilize the naira and prevent currency speculation through crypto exchanges. Previously, the Nigerian government instructed telecom and internet service providers to restrict access to several crypto exchanges, including Binance, Coinbase, and Kraken, in a move to combat currency depreciation. In response, Binance removed the naira from its website for trading.
For more information, Nigeria’s SEC has declared Binance’s operations in the country illegal. Stay updated by following us on Google News.