FOREX Crisis: FG Slams $10 Billion Fine On Binance - Business (5)

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FOREX Crisis: FG Slams $10 Billion Fine On Binance - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / FOREX Crisis: FG Slams $10 Billion Fine On Binance (29939 Views)

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Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Mrzed: 2:05pm On Mar 01

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Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by DesChyko: 2:06pm On Mar 01

No be to dey follow US do wetin dem do. The due diligence and track record of evidence wey dem take time gather, we gather am too? Nah why Naija matter dey tire me. Dem too believe short cut.

US have been compiling evidence since 2017 against Binance before filing charges in 2023 (6 years later). Nigeria?

Stop playing please.

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by ElasmoBranchii(m): 2:06pm On Mar 01

baby124:

Binance will pay with your money. No be dem send you to do illegal business on their platform.

Don't say what you don't know. Let me see how they will fine a company that is not registered 🤣

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by baby124: 2:07pm On Mar 01

Nairametrics had earlier reported the arrest and detention of two top executives Binance on Wednesday over alleged manipulations in foreign exchange trading and speculative activities.

The executives visited Nigeria in response to the country’s recent crackdown on various cryptocurrency trading platforms.

ElasmoBranchii:

Don't say what you don't know. Let me see how fine a company that is not registered 🤣

Dem don hold them for blokos. Even the owner of Binance is being held by the US. Everybody go pass am around holding him till all the coins fall.

The executives rush to Nigeria because they must be making a hell of money from all the activities. They came to protect their interest but we don kidnap them. They must pay.

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by IbeOkehie: 2:08pm On Mar 01

Look, seriously. One of the best moves Nigeria can make now is to adopt Bitcoin as the national currency.

If anyone in Nigerian Government is reading this, take the idea and run with it.

As I've said before, the problems of Nigeria have very simple solutions. The real issue is the INTENTIONS of our elites and those in government. Do they want DEVELOPMENT or are they in it for themselves alone?

There's some simple policies that can make Nigeria richer than South Africa and Poland within one generation. It's about FREEDOM, freedom, freedom, let people pursue their needs with minimal government involvement. People KNOW what they need. A sound, valuable currency is one of them and bitcoin is a good fit...definitely better than dollars and naira. Anyway, let me go see how many dead bodies I can was today to earn some dollars

Good Luck to Nigeria.

4 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Tareq1105: 2:09pm On Mar 01

fuckJones:
some people now appear to have more sympathy for Binance than for Nigeria and the Naira

Yes, obidients love Binance more than their country.

1 Like 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Lifestone(m): 2:10pm On Mar 01

Lexusgs430:
CBN & FG are getting very desperate...... 😁😜

Same way buhari banned twitter (Lie Mohammed), we are still awaiting that proposed twitter HQ in Nigeria......

FG kidnapped Binance officials, then placed a ransom on their heads...... 😊

Same FG is seeking FDI.... Clueless bunch of incompetent morons....

Whatever. Binance should pay. Dstv paid, MTN paid, Olam paid

1 Like 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Tareq1105: 2:12pm On Mar 01

ElasmoBranchii:

Don't say what you don't know. Let me see how fine a company that is not registered 🤣

I know you love Binance more than your country. You're not bothered even if Binance drag Nigeria Naira to #5,000 per dollar. Awon ota aje.

2 Likes 2 Shares

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Ibrahimcoomasie: 2:12pm On Mar 01

ITbomb:
So when they pay the fine, will they be allowed to continue the P2P?
Who will enforce the fine?
Shouldn't it be a court ruling?

1. Yes they would be allowed after stringent policies are put in place by the binance.

2. No. The financial regulatory organization of your country does not need a court ruling to slam fines on financial institutions. Fines are regularly slammed on Nigerian banks.

3. CBN, SEC, or Financial Reporting Council of Nigeria

2 Likes 2 Shares

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Haaland21: 2:13pm On Mar 01

Lomprico2:
Tif na tif, any day any time.

Tinubu wan rob binance.

Emiefele is not that cause of the crash in economy anymore, dem don see 10 billi

painment....

If u so love binance....go pay for them .

Noisemakers

2 Likes 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by coputa(m): 2:16pm On Mar 01

Yes,binnance was fixing rates and that's what the Aboki in the streets are using as a benchmark, hence the continuous falling of the Naira.

Banning binnance does not make the nigerian economy healthy

There's binnance in other west Africa countries,why is binnance not fixing rates in those countries,

I think there's an economic sabotage somewhere by political opponents and enemies.

The fact still remains that the nations economy is unhealthy bedeviled by endemic corruption

The government need to bring out people centric policies, expecially those that will cussion the current hunger in the country.

2 Likes 2 Shares

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by addictiv(m): 2:16pm On Mar 01

Bunch of jokers... Now binance is the cause of naira dropping like a hot knife not bad govt policies.

2 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Lexusgs430: 2:17pm On Mar 01

Lifestone:

Whatever. Binance should pay. Dstv paid, MTN paid, Olam paid

How do I answer you ......... 😂

Make I think am .......😜

This hopeless government, seems to blame everyone else (but themselves)......

If this overbloated government takes a dagger to government expenses......

Nigeria would not be in this mess .......

5 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by BigIyanga: 2:18pm On Mar 01

fuckJones:
some people now appear to have more sympathy for Binance than for Nigeria and the Naira

Sympathy and emotions dont run a country.. actionable plans do. Your masters have none.

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by LARRYOBRAIN(m): 2:21pm On Mar 01

Dey play, enemy.

RepoMan007:
Kidnapped their representatives and slammed a technical ransom of $10Bn on their assés.
This is Intl corporate banditry, though it favours me. At least he won't tax the he'll out of me.

1 Like 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by LARRYOBRAIN(m): 2:22pm On Mar 01

Binance na Dia domain, manipulating naira.

LordIsaac:
Obidients will not be happy with this news o

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by danowena: 2:26pm On Mar 01

fuckJones:
some people now appear to have more sympathy for Binance than for Nigeria and the Naira

I tire o o

2 Likes 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by SKYHIGHfx: 2:29pm On Mar 01

Globad:

Such people usually take positions against their own country

Una plenty ooo, na new intake you be?

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Aether(m): 2:29pm On Mar 01

A lot of Nigerians are unfortunately slow, I guess that's what poverty and ignorance does to a person.

Binance's p2p is not just for Nigerians, there's a lot of other currencies that individuals can use p2p for, why don't those ones have problems?

Is Nigeria so peculiar and special that they decided "let's milk this country and sabotage her economy?

Let the government keep running in circles without addressing the root cause of the economic turmoil.

Governments around the world hate crypto because it takes financial power away from them and gives it to regular individuals.

I look forward seeing how this plays out

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by SKYHIGHfx: 2:29pm On Mar 01

danowena:

I tire o o

New intake

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Konquest: 2:30pm On Mar 01

Mrzed:

The Federal Government has slammed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis.

The special adviser to President Bola Tinubu on information and strategy, Bayo Onanuga, disclosed this Friday morning in an interview with the BBC.

According to Onanuga, Binance profited substantially from its “illegal transactions” in Nigeria while the nation suffered huge losses.

https://www.google.com/amp/s/nairametrics.com/2024/03/01/forex-crisis-fg-slams-10-billion-fine-on-binance/%3famp=1

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by SKYHIGHfx: 2:30pm On Mar 01

LARRYOBRAIN:
Binance na Dia domain, manipulating naira.

So na Obidient day manipulate $$

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by blowjohn(m): 2:31pm On Mar 01

EXLOVER:
This government is mad, their just trying to rope Binance for their incompetency’s. I believe Binance has helped many youths including me in Nigeria more than the bad government.

Ur comment get as e be.

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by SKYHIGHfx: 2:31pm On Mar 01

BigIyanga:

Sympathy and emotions dont run a country.. actionable plans do. Your masters have none.

Don't waste your time them, they copy and paste from their wassap group

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Thinktwicemybro: 2:31pm On Mar 01

Ola9ja23:

Yes
They are enemies of Nigeria

They were praying for Nigeria to crumble so that they can laugh at patriotic Nigerians

But God keep humiliating them back to back since 1999

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by lexy2014: 2:32pm On Mar 01

fuckJones:
some people now appear to have more sympathy for Binance than for Nigeria and the Naira

what exactly is the crime of Binance?

some people sell naira. have been slammed with $10b fine?

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Collins4u1(m): 2:34pm On Mar 01

who will enforce them to pay it now?

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by ElasmoBranchii(m): 2:34pm On Mar 01

Tareq1105:

I know you love Binance more than your country. You're not bothered even if Binance drag Nigeria Naira to #5,000 per dollar. Awon ota aje.

While you, you love your corrupt politicians that don't care about you. That's why you support them chasing shadows instead of tackling the main issue. Continue suffering and smiling 😂

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by lexy2014: 2:34pm On Mar 01

Ola9ja23:

Yes
They are enemies of Nigeria

They were praying for Nigeria to crumble so that they can laugh at patriotic Nigerians

But God keep humiliating them back to back since 1999

is it their prayers that is making Nigeria to crumble?

who are the "patriotic Nigerians"?

who are the enemies of Nigeria?

which category do these people fall into?

https://www.youtube.com/watch?v=XUZ5eYhc4BM

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by lexy2014: 2:37pm On Mar 01

Lifestone:

Whatever. Binance should pay. Dstv paid, MTN paid, Olam paid

what is it that DSTV, MTN and Olam paid that u say Binance should pay?

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by lexy2014: 2:38pm On Mar 01

Tareq1105:

I know you love Binance more than your country. You're not bothered even if Binance drag Nigeria Naira to #5,000 per dollar. Awon ota aje.

are the people banning Binance love NIgeria more than their pockets?

what is the crime of Binance?

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by lexy2014: 2:39pm On Mar 01

Haaland21:
Nice decision

Binance is a fraud....more than 15 countries have already banned them.

how is Binance a fraud?

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