The Nigerian court ordered Binance to provide all data from traders in the country

Author: Amitoj Singh, Coindesk; Compilation: Deng Tong, Bitchain Vision Realm

  • The Federal Court has ordered that Binance must provide Nigerian Nigerian comprehensive data from Nigerian anti -corruption agencies.

  • Nigeria has invited two executives of Binan to enter the fourth week after the entry of Binan, and it is scheduled to hold a hearing on Wednesday.

According to the local news media “People’s Bulletin”,The Nigerian Court has ordered Coin to provide comprehensive information on the Nigerian Economic and Financial Criminal Committee (EFCC) to provide comprehensive information on all of the people on the platform.

Earlier reports said that Nigeria required the cryptocurrency exchanges to hand over information about the country’s top 100 users and all transaction history records in the past six months.However, Emeka Nwite, the judge of the Federal High Court, seems to be approved by EFCC lawyer Ekele Iheanacho’s motion to seek information about any Nigerian transactions on Nigeria on Bonan.

EFCC is a law enforcement agency in charge of investigating financial crimes.

“Applications submitted by the applicant on February 29, 2024 were approved according to the request. The report stated that the court specially issued an order to instruct the Binance Transport Business to provide all Nigerians related to the transaction on its platform.Data/information.

Nigeria took action on the cryptocurrency industry on the grounds that the industry was suspected of promoting illegal capital outflows. It is said that this has led to Nigeria’s exchange rate against the US dollar to a record low.The country’s authorities are particularly interested in the operation of Binance and require a fine of $ 10 billion to provide about $ 26 billion in funds.

The Nigerian authorities invited two senior managers of Binance to enter the country to discuss the matter and detained them.According to Reuters,Two detention of the Court of Guo’an executives are scheduled to be held on Wednesday.The Nigerian authorities also proposed to increase the registration fee of cryptocurrencies by 400%.

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