The Federal High Court in Abuja has issued a compelling mandate to Binance Holdings Limited, the renowned global cryptocurrency entity, to divulge comprehensive information regarding its most influential users within Nigeria.
This order, issued by Justice Emeka Nwite, comes as a response to an ex parte motion presented by the Economic and Financial Crimes Commission (EFCC), represented by lawyer Ekele Iheanacho.
The ruling, delivered following a meticulous review of the motion, signals a decisive move by Nigerian authorities to bolster oversight and regulation within the cryptocurrency space, particularly concerning potential illicit activities.
