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Crypto

Binance Blocks Transactions with Three Nigeria-Linked Crypto Platforms

Guavy AI Editorial Team
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Crypto exchange Binance has restricted transactions involving 17 crypto-asset service providers and platforms, including three entities linked to Nigeria. The move is part of Binance's latest compliance measures.

The affected Nigeria-linked entities are A7 Nigeria, A7 Africa, and PilotFinance Ltd. Transactions with these platforms will no longer be processed by Binance.

The restrictions are being implemented in phases, affecting different platforms on various dates. This development comes amid increased regulatory scrutiny of cryptocurrency transactions and service providers across several jurisdictions.

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