SEC declares Binance illegal, says Nigerians investing at own risks - Lejit Reporters

      SEC declares Binance illegal, says Nigerians investing at own risks - Lejit Reporters

     

        SEC declares Binance illegal, says Nigerians investing at own risks - Lejit Reporters

The Securities and Exchange Commission has declared the activities of Binance illegal in Nigeria.

This is according to a published circular on the commission’s website dated June 9, 2023. The commission stated that Binance is neither registered nor regulated by it, and its operations in the country are illegal.