The federal government has justified its arrest of two executives of cryptocurrency trading platform, Binance.
The two foreigners were arrested in Abuja, a day after they arrived in the country to negotiate with the federal government over the ban on the crypto platform.
Explaining the reason the duo ended up being detained, the Special Adviser to President Bola Tinubu on Information & Strategy, Bayo Onanuga, said their arrest was economically motivated.
Onanuga said this on Wednesday in an interview on Politics Tonight, a political programme on Channels TV where he remarked that Binance was destroying the country’s economy saying, “Some people just sit down using cyberspace to dictate our exchange rate, hijacking the role of the CBN. They just sit down and fix anything they like and we were told If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate.”
