Hundreds of Binance users in Nigeria had their accounts restricted, on grounds of compliance with anti-money laundering and security regulations. — REUTERS/File Photo
Binance Holdings Ltd., one of the world’s biggest crypto exchanges, said it restricted the personal accounts of some Nigerian users to comply with anti-money laundering regulations and ensure the security of the platform for traders.
"Protection mechanisms such as know your customer, anti-money laundering measures, collaboration with law enforcement, and account restrictions are in place to ensure our community remains protected,’ the crypto exchange said in a statement on its website.
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