A Central Bank of Nigeria (CBN) official has testified that Nigerian users of cryptocurrency exchange Binance conduct transactions using fictitious names, potentially complicating the ongoing legal battle between the cryptocurrency exchange and Nigerian authorities.
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- According to a News Agency of Nigeria report, Olubukola Akinwumi, deputy director at the CBN, testified before Justice Emeka Nwite of the Federal High Court in Abuja on Friday, July 5.
- Akinwumi explained that Binance users in Nigeria often use pseudonyms to hide their identities when trading on the platform.
- The testimony is part of the ongoing trial against Binance and its executive, Tigran Gambaryan, who face money laundering charges involving $35.4 million.
Akinwumi, who heads the Payment Policy and Regulation Division in the…
