Nigeria’s Central Bank Governor: Untraceable funds worth $26 billion flowed through Binance Nigeria last year

Odaily News Olayemi Cardoso, Governor of the Central Bank of Nigeria, said that in 2023, $26 billion worth of cryptocurrency funds whose origins could not be “fully” identified flowed through Binance Nigeria. The findings come against the backdrop of Nigeria facing a foreign exchange crisis and seeking to limit capital outflows, with the local currency, the naira, hitting a record low on Wednesday. (CoinDesk)