Arrested executive from Binance Nigeria escapes house arrest and flees the country. Rumors of a crackdown swirl in Africa’s largest Bitcoin hub.
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Boasting the sixth-largest population in the entire world, the Federal Republic of Nigeria holds a large economic influence over the African continent and a respectable sway in the greater world market.
These certainly seem like grim portents for the Nigerian Bitcoin space, to be sure. However, the possibility remains that the government is merely attempting toBinance specifically, as the company has already been swamped with legal problems. In addition to the firm’s troubles in Africa, it has also suffered major setbacks on three separate continents. The most famous of these is the US Department of Justice’s: the company must pay $4.
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