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Binance freezes nearly 300 Nigerian accounts in compliance with AML regulations; CEO claims ‘user security remains top priority’ at crypto exchange

By Elizabeth Hearst for AMLi

Under-fire cryptocurrency exchange Binance has announced it has frozen 281 Nigerian personal accounts in compliance with international money laundering regulations. 

In a statement, Binance CEO, Changpeng Zhao (CZ) said the Nigerian community is one that brings him “great pride”, adding that Nigeria and Africa have been “very special markets to us and for crypto”.

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