Binance’s woes in Nigeria continue to mount.
There was confusion on Friday as a government official, in an interview with BBC’s pidgin language service, said the government was looking to impose a fine of up to $10 billion on Binance.
However, a spokesperson told the People’s Gazette that the exchange was not in talks with the government about a fine of that sum.
Binance did not immediately return multiple requests for comment.
“We recently discussed ways to resolve issues with Nigeria, but we did not hear any demand for $10 billion,” a Binance spokesperson reportedly told the People’s Gazette.
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The government official quoted by BBC said later Friday that his comments were misrepresented.
Bayo Onanuga, a spokesperson for President Bola Tinubu, told the People’s Gazette that Nigeria “may impose heavy fines on Binance for what happened.”
“I never…
