Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance. On June 9, the Nigerian Securities and Exchange Commission (SEC) ordered Binance to halt its operations of the local entity in the African country. The SEC said in its circular that the exchange was courting local investors through an illegal website. The financial regulator informed Binance that their local entity, “Binance Nigeria Limited,” was not registered or regulated. However, it now seems that the entity was not officially associated...…Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance. On June 9, the Nigerian Securities and Exchange Commission (SEC) ordered Binance to halt its operations of the local entity in the African country. The SEC said in its circular that the exchange was courting local investors through an illegal website. The financial regulator informed Binance that their local entity, “Binance Nigeria Limited,” was not registered or regulated. However, it now seems that the entity was not officially associated...WW…