Over $26bn funnelled through Binance without trace in 4 years – Olayemi Cardoso

Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says more than $26 billion was funnelled through the cryptocurrency platform, Binance, in the last four years.

Cardoso disclosed this on Tuesday at a press briefing after the 293rd meeting of the Monetary Policy Committee, MPC, in Abuja.

While answering questions from journalists on the recent restriction on Binance and other cryptocurrency platforms, the CBN boss said, “In the last four years, more than $26 billion have been funnelled through Binance without trace.”