Nigeria's Economic and Financial Crimes Commission (EFCC) has amended its lawsuit against Binance, accusing the exchange of laundering over $35 million from its Nigerian operations. The EFCC alleges that Binance and its regional manager concealed the money, despite knowing it was obtained through illegal activities. The EFCC's legal battle against Binance began earlier this year when it accused the exchange of money laundering and tax evasion. The crackdown on Binance aligns with Nigeria's tightened oversight over the crypto sector, as the country aims to protect investors and combat fraud and identity theft. In South Africa, the pan-African exchange Yellow Card has obtained a Crypto Asset Service Provider license in South Africa, allowing it to expand operations and serve various financial assets.



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