It has recently become known that Binance has introduced restrictions for users from Nigeria over the past few days.
In total, over 280 accounts have been blocked, according to a letter from the administration of the trading platform addressed to the Nigerian crypto community. In it, the Binance CEO Changpeng Zhao has linked the decision to block users with the fight against money laundering (AML).
About 40% of 281 accounts have been blocked due to law enforcement requirements. According to Changpeng Zhao, all issues should be settled within two weeks.
Binance’s decision to block these accounts has drawn criticism from Nigerian social media users. People were outraged not so much by the suspension of address services, but by the lack of any explanation from the crypto exchange.