Onanuga’s remarks come amid reports that two executives of the Chinese company had been detained by the Federal Government in connection to an alleged fraudulent transaction to the tune of $26bn on the platform.
The Federal Government placed Binance under the microscope following allegations that currency speculators and money launderers were using the crypto website to execute criminal activities.
While insisting that its platform is not for currency pricing, the company, last week, declared its willingness to support the government’s efforts at stabilising the foreign exchange market.
