🚨SEC of Nigeria declares Binance operation in the country illegal
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The Securities and Exchange Commission (SEC) of Nigeria said that cryptocurrency exchange Binance is not registered in the country and is not allowed to operate in the local market. The regulator stressed in its statement that the largest cryptocurrency exchange's lack of license makes all its operations illegal. The SEC ordered Binance Nigeria Limited to "immediately stop attracting Nigerian investors in any form". Binance representatives said they are trying to get clarity from the Nigerian SEC and intend to work with the regulator to resolve the matter.
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