Crypto News

Breaking News!! Sec Bans Binance Operation in Nigeria, Declares It illegal Entity


The Securities and Exchange Commission (SEC) has become aware of the
website operated by Binance Nigeria Limited, which invites the Nigerian
public to trade crypto assets on its various web and mobile platforms.

Binance Nigeria Limited is not registered or regulated by the SEC,
making its operations in Nigeria illegal. 


Any member of the investing
public engaging with this entity does so at their own risk.

As the regulatory body responsible for investor protection, the SEC
urges Nigerians to exercise caution when investing in crypto-assets and
related financial products and services if the provider or platform is
not registered or regulated by the SEC. 

Nigerian investors are warned
that investing in crypto-assets carries significant risk and may result
in a total loss of their investment.

With this announcement, Binance Nigeria Limited is instructed to
immediately cease soliciting Nigerian investors in any capacity. 


The SEC will provide updates on further regulatory actions concerning
the activities of Binance Nigeria Limited and other similar platforms.
The SEC will also collaborate with other regulators in Nigeria to offer
additional guidance on this matter. 



Creative Mind

Hello Dope SOUL'S, I'm the founder of, a self-taught blogger with a passion for technology. My journey began with a fascination for tech's power to shape our world, leading me to self-learn computer science and engineering. After years as a self-taught software engineer, I realized my true calling lay in sharing knowledge. This inspired, where I provide valuable insights on tech trends, gadgets, and software. As a self-taught blogger, I explore new tech, analyze trends, and offer honest reviews. I believe in demystifying complex subjects for both tech enthusiasts and beginners. Beyond blogging, I actively engage in tech conferences, collaborating with industry pros to ensure my content stays accurate and relevant. is a platform dedicated to sharing knowledge, connecting with the tech community, and helping readers navigate the ever-evolving tech landscape. Thanks for joining this journey. Stay curious and tech-savvy! Best regards, [Creative Mind] Founder,

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button