As per the latest reports from a local Nigerian media house, crypto exchange firm Binance exchange has made it clear that it will not substance to the Nigerian Government’s digital asset regulations until its detained executive, Tigran Gambaryan is released by the government. Notably, Nigeria’s ARIP requires virtual asset service providers to open a local office in the country and also co-operate with their specific regulatory standards. However, despite increased regulatory tension and restrictions in the nation, Binance has continued to be the most popular cryptocurrency exchange app among Nigerian users.
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