Here's a list of countries that have implemented restrictions on Binance, along with the reasons cited for doing so:

China:

In 2017, China banned Initial Coin Offerings (ICOs) and cryptocurrency exchanges, effectively banning Binance from operating in the country. The Chinese government cited concerns about financial stability and money laundering as reasons for the ban.


Malaysia:

In 2018, the Malaysian Securities Commission issued a warning against Binance, stating that it was not a licensed operator in the country. Binance subsequently restricted Malaysian users from accessing its platform.


Japan:

In 2018, the Japan Financial Services Agency (FSA) issued a business improvement order to Binance, requiring it to improve its anti-money laundering (AML) and know-your-customer (KYC) procedures. Binance complied with the order and was allowed to resume operations in Japan. However, in 2023, the FSA announced that it was revoking Binance's registration, effectively banning the exchange from operating in Japan. The FSA cited concerns about Binance's compliance with KYC and AML regulations as reasons for the decision.

Italy:

In 2018, the Italian financial regulator Consob issued a warning against Binance, stating that it was not authorized to operate in the country. Binance subsequently restricted Italian users from accessing its platform.


Thailand:

In 2018, the Thai Securities and Exchange Commission (SEC) issued a cease-and-desist order to Binance, however the Thai Government did not ban Binance** entirely. Here's what happened:

1. In 2021 and 2022, the Thai Securities and Exchange Commission (SEC) warned Binance that its operations were illegal in Thailand because they lacked a license for digital asset exchange services. However, Binance continued to operate, offering services to Thai users.

2. In June 2023, the SEC filed a criminal complaint against Binance for operating without a license. This action aimed to put pressure on Binance to comply with regulations.

3. Interestingly, things took a turn later in 2023. In May, Thailand's finance ministry approved a joint venture between Binance and Gulf Innova, creating "Gulf Binance." This licensed crypto exchange operates within Thai regulations and offers services to Thai users.

Therefore, instead of an outright ban, Thailand pursued a path of regulation and partnership with Binance.

Here are some additional points to consider:

Ban on Crypto Payments:

In 2022, Thailand banned the use of cryptocurrencies, including Bitcoin, as a medium of payment for goods and services. This ban affected all crypto exchanges, not just Binance.

Ongoing Regulatory Landscape:

While Thailand has taken steps toward regulating cryptocurrencies, the regulatory landscape remains somewhat unclear. Future developments might impact Binance's operations in the country.

Kazakhstan:

In 2022, the National Bank of Kazakhstan issued a warning against Binance, stating that it was not a licensed operator in the country. Binance subsequently restricted Kazakh users from accessing its platform.


Vietnam:

In 2022, the State Bank of Vietnam issued a warning against Binance, stating that it was not a licensed operator in the country. Binance subsequently restricted Vietnamese users from accessing its platform.

India:

In 2022, the Reserve Bank of India (RBI) issued a circular to all regulated entities, cautioning them against dealing with cryptocurrencies or entities dealing with cryptocurrencies. This effectively banned Binance from operating in India.

Iran:

In 2022, the Central Bank of Iran issued a ban on all cryptocurrency mining and trading activities. This effectively banned Binance from operating in Iran.

Bangladesh:

In 2022, the Bangladesh Central Bank issued a notice prohibiting all banks and financial institutions from providing services to cryptocurrency exchanges. This effectively banned Binance from operating in Bangladesh.


It is important to note that the regulatory landscape surrounding cryptocurrencies is constantly evolving, and the status of these restrictions may change in the future. It is always advisable to consult with a qualified legal or financial professional before engaging in any cryptocurrency-related activities.

As you can see, the overwhelming majority of restrictions stem from licensing issues and Anti Money Laundering (AML) and not from underperformance of a nation's currency.

99.9% of money laundering in Nigeria happens through the manual looting and diversion of government resources and funds by politicians. This has been going on since 1960, long before the creator of Binance was even born.

The demographic which will be hurt the most by a proscription of Binance are the intelligent and tech savvy young people who make an honest and respectable living on the platform.

Meanwhile the rotten and degenerate old men in politics will continue to pilfer billions of dollars and euros and nothing will happen to them.

At least Emefiele was a real banker not marketer like Cardoso. Even if he was a thief he knew what to do to stabilize the naira. He banned binance and co. If you allow them to operate, people importing money from abroad don’t need to so as they can do their transactions on the platform

Emefiele even gave us 5 naira for every dollar we import into nigeria. He restricted form A for only essential items and nothing frivolous that doesn’t encourage economic growth. Cardoso reversed everything without consulting why it was put in place. Buhari closed the border to some things like agric poultry we can produce locally, Tinubu opened the doors adding more pressure to the dollar


These ones came and said you can only transfer naira. I’ve restricted how much I send to Naija and how many times cos who wants to be cheated with forex differentials?


Cardoso doesn’t know what to do neither does Tinubu