Binance Requests Employee Release Ahead of Nigerian License Application
Binance is holding off on applying for a Nigerian crypto license, citing ongoing issues with a jailed employee, Tigran Gambaryan.
Despite recent SEC approvals for local exchanges Quidax and Busha Digital, Binance’s spokesperson indicated the company is not currently under review by the SEC. While Binance acknowledges Nigeria’s progress in digital asset regulation, the exchange’s reluctance to seek registration reflects concerns about the regulatory framework’s legal solidity.
An SEC official and an anonymous source suggest Binance’s hesitance stems from doubts about the framework’s robustness and the unresolved legal situation.
Clever Robot News Desk 20th September 2024
