Crypto giant Binance restricts 281 Nigerian accounts


FILE PHOTO: Binance app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

LAGOS (Reuters) - Binance, the world's largest cryptocurrency exchange, has restricted the personal accounts of 281 Nigerian users, citing a need to comply with international money laundering laws, its CEO said.

Changpeng Zhao said in a letter to Nigerian customers dated Jan. 29 that the decision to restrict some personal accounts was to ensure user safety while more than a third of the affected accounts were restricted at the request of international law enforcement.

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