Governor of the Central Bank of Nigeria: $26 billion in untraceable funds flowed through Binance Nigeria last year

ChainCatcher news, according to CoinDesk, the Governor of the Central Bank of Nigeria (CBN) stated that $26 billion worth of untraceable funds flowed through Binance Nigeria last year. Nigeria is facing a foreign exchange crisis and is looking for ways to limit capital outflows. In addition to measures such as taxing foreign workers, new calls to restrict cryptocurrency in the country have recently made headlines.

According to local news media Nairametrics, the Central Bank of Nigeria is collaborating with various government agencies and the police to further investigate these fund flows.