Nigeria is keeping an American Binance employee in jail – basically until the company pays a $150 million bribe, doxes all domestic users, and shuts off all trading with the naira (local currency).

I dislike KYC/AML processes more than anyone, but this is an outrage.

If they're willing to go this far in saving their failing fiat currency, it won't end well. Probably not a surprise that they were one of the first countries to introduce a CBDC.

I'll be the first to ask: when are we sending the Navy SEALS?

https://www.nytimes.com/2024/05/07/technology/binance-nigeria-tigran-gambaryan.html