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Nigeria has demanded that Binance, the world’s leading crypto exchange, provide comprehensive data on the top 100 users based in the country. The Central Bank of Nigeria (CBN) revealed that $26bn in untraceable funds movement through the Binance platform last year, which contributed to the country’s foreign exchange crisis. The move against Binance comes as Nigeria seeks to protect the value of its currency by stopping its citizens from speculating on the price of the Naira through buying cryptocurrency. The exchange is also accused of facilitating “illegal transactions” that undermine the Wes…

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