I will lock this thread:
BREAKING: Tinubu’s government slams $10 billion fine on BinanceThe reason is that I do not know which is which. Or let me read other people's opinion to know if I should open the thread again.
I do not know how legit this is for now, but People's Gazette said Binance top official said the $10 billion fine is not true. It was also said that Mr Onanuga said his statement to the BBC was misrepresented in the media
Binance official
“Werecently discussed ways to resolve issues with Nigeria, but we did not hear any demand for $10 billion,” a Binance official told Peoples Gazette shortly after the BBC said Bayo Onanuga purportedly announced the enormous penalties.
The Cayman Islands-based cryptocurrency giant said it was not in the mood to discuss paying the Nigerian government either to restore its services that were cut off recently or free its executives being held over alleged involvement in purported manipulation that led to the rapid collapse of the naira and associate consequences for historic inflation and poverty in Nigeria.
“Our aim is to chart a good relationship with the government and the people of Nigeria. We want to see our services restored in Nigeria very soon, but we have no intention of paying fines for personnel or services,” Binance added.
Mr Onanuga's
Asked for comments about Binance’s position, Mr Onanuga said his statement to the BBC was misrepresented in the media, noting that he never said the company had been informed or that the fine had been concluded by Nigerian regulators.
“I said our government may impose heavy fines on Binance for what happened,” Mr Onanuga told The Gazette. “I never said Binance had been informed about the fines or that it would definitely be $10 billion.”
“I only said the amount may be imposed, which is because nothing has been finalised yet,” Mr Onanuga said, placing repeated emphasis on the uncertainties around the fines.