News
CBN Gov, Cardoso Speaks On Reason For Banning Binance, Others
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says more than $26 billion was funnelled through the cryptocurrency platform, Binance, in the last four years.
Cardoso disclosed this on Tuesday at a press briefing after the 293rd meeting of the Monetary Policy Committee, MPC, in Abuja.
While answering questions from journalists on the recent restriction on Binance and other cryptocurrency platforms, the CBN boss said, “In the last four years, more than $26 billion have been funnelled through Binance without trace.”
He added that the CBN is moving to a very aggressive regulatory environment.
“Tolerance for people who will not abide by the regulations that are coming out is zero.
“People will have to comply with our regulations or face the consequences for not doing so,” he said.
Naira began to appreciate against the USD amid the restrictions on Binance and other crypto platforms in Nigeria’s cyberspace, Blaze Newz gathered.
-
Sport8 months ago
Messi’s MLS Dream Faces Blow As Miami Failed To Qualify
-
News8 months ago
Breaking : Tinubu Redeploys Oyetola, Others As Minister Designates
-
Education8 months ago
Osun Govt Set For Recruitment Of Teachers
-
Sport8 months ago
Novak Djokovic Sets New Record As He Enters US Open Semi-final
-
News8 months ago
Presidential Election Tribunal: Anxiety As Tinubu, Obi, Atiku Know Fate Today
-
Metro4 weeks ago
Osun Police Arrest Wanted Ilesa Political Thug, Bode Itaapa
-
Sport7 months ago
Lionel Messi Early Subtitution Raises Concern Ahead Inter Miami US Open Cup Final
-
Sport8 months ago
Rivalry With Lionel Messi Gone – Ronaldo Confesses