It became known that the largest crypto exchange Binance has introduced restrictions for users from Nigeria over the past few days.
In total, more than 280 accounts were blocked, according to a letter from the administration of the trading platform addressed to the crypto community from this African state. In it, Binance CEO Changpeng Zhao linked the decision to block users with the fight against money laundering (AML).
About 40% of 281 accounts were blocked due to law enforcement requirements. According to Changpeng Zhao, all issues should be settled within two weeks.
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Binance's decision to block accounts has drawn criticism from Nigerian social media users. People were outraged not so much by the suspension of address services, but by the lack of any explanation from the trading platform.