Tag: Nigeria
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Nigeria fines Binance with USD 10 billion in damages
It has been reported that the Nigerian government has fined the popular cryptocurrency exchange Binance with a staggering USD 10 billion in damages. The fine comes after allegations of regulatory violations and failure to comply with local laws. Binance, which is one of the largest cryptocurrency exchanges in the world, has been accused of operating…
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Binance facing bans in The Philippines and Nigeria
Recently, the popular cryptocurrency exchange Binance has been facing regulatory challenges in The Philippines and Nigeria, two key markets for the company. Authorities in The Philippines have issued a warning against Binance, accusing the exchange of operating without the necessary licenses. The Securities and Exchange Commission of The Philippines has stated that Binance is not…
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Nigeria and Togo to require for biometric digital ID on loan schemes
Nigeria and Togo to Require Biometric Digital ID on Loan Schemes Nigeria and Togo Empowering Borrowers with Biometric Digital Identification As part of their efforts to streamline loan schemes and promote financial inclusion, both Nigeria and Togo have announced that they will be implementing a biometric digital identification requirement for individuals seeking loans. The Power…