Nigerian Government On Binance Cryptocurrency Exchange Platform
[Music]
now general authorities recently began
cracking down on cryptocurrency
platforms for enabling money laundering
negative currency speculation and tax
evasion barely 6 months after lifting
ban on the digital currency it is now
set to prosecute two binance Executives
in an exclusive interview information
Minister mamed malagi tells the BBC’s
Chris walko that the Nigerian government
is determined to protect the NRA at all
cost no sovereign
country uh that will allow its currency
to be so toyed with by some operators
who are not operating within the
conference of the law
[Music]
Bas was engaged in so many acts that are
really uh in contravention of our laws
here they were operating without
licensing they were even operating some
electronic wallet system without due
approval by the governing authorities
now there’s no government that will
allow that and you can see the result of
that
[Music]
they were not put in in prison they were
accorded respect of being put under
house arrest Nigerian government is on
his hunt uh the Interpol has been
contacted and we hope to bring him back
to face Justice the other individual who
is here uh is also uh answering
questions from the efcc and the Federal
in Revenue Service how much tax has for
example bance paid to this country
[Music]
we welcome every genuine investor into
this country in fact the president is uh
putting in place a presidential enabling
business environment Council to Aid
anybody who is
genuinely willing to invest in this
country and repatriate his uh proit out
out I mean you come in do your business
and go out but you cannot stay somewhere
and then toy with our currency to the
detriment of the Goodwill of our people
and then government will will allow that
[Music]
Nigerian authorities recently began cracking down on cryptocurrency platforms for enabling money laundering, negative currency speculation, and tax evasion.
Barely six months after lifting ban on the digital currency, it is now set to prosecute two Binance executives.
In an exclusive interview, Information Minister, Mohammed Malagi tells the BBC’s Chris Ewokor that the Nigerian government is determined to protect the naira at all costs.
Don’t forget to subscribe: https://bit.ly/2Hb8hjx
Watch more interesting videos: https://bit.ly/34ogCaw
Follow Channels Television On:
https://www.facebook.com/channelsforum
Tweets by channelstv
https://www.instagram.com/channelstelevision
Get more news on our website: https://www.channelstv.com/
#ChannelsTv #newsupdate #news #newsinnigeria #newstoday #newsheadlines #Politicstoday #ChannelsTVNews #Nigeria #Lagos #Nigerianews #Nigeriannews #channelstelevision #Channelstv #Channels #AfricaNews #BreakingNews #Nigerianpolitics