By Anita Babalola
Lagos / Global — August 23, 2026
Major cryptocurrency exchange Binance has announced it is stopping processing transactions involving 17 crypto-asset service providers and platforms, including entities linked to Nigeria, as part of compliance measures tied to “recent regulatory developments.”
In a statement, Binance said restrictions were implemented in phases, with some Nigeria-based firms affected from August 13, and additional platforms facing cutoffs effective August 23. (theblock.co)
Binance Cuts Off Nigeria-Linked Platforms From August 13
Binance stated that restrictions began on August 13 for several identified platforms, including:
A7 Nigeria (operates in Nigeria)
A7 Africa (operates in Nigeria and Zimbabwe)
PilotFinance Ltd (based in Nigeria) (theblock.co)
Binance said the decision followed “recent regulatory developments,” but did not disclose the specific regulatory actions or documents behind the restrictions across the affected countries. (theblock.co)
First Phase: Shelbit and Aban Tether Exchange Hit Earlier
Binance also said the earlier phase took effect for:
Shelbit (Shelbit General Trading LLC; operates in the UAE and Iran)
Aban Tether Exchange (operates in Iran)
These restrictions were reported to take effect earlier than the Nigeria-linked entities, with coverage of the phased timeline indicating a mid-August rollout schedule. (theblock.co)
Second Phase: More Platforms Restricted From August 23
The Binance statement indicates that as of August 23, restrictions are expected to apply to additional platforms, including entities operating across multiple jurisdictions. Reports of Binance’s August 23 batch include:
Rapira and Aifory Pro (Sooty Ltd.) (Georgia)
ABCeX (linked to El Salvador and Georgia)
WhiteBird and Tradex (Brightum LLC) (Belarus)
NoOnecrypto INC (international operations)
Monease Ltd (UK)
BitPapa (UAE)
Exnode and Exnode Pay (Arvix) (Georgia)
HTX (Huobi Global SA) (China-founded)
EXMO Ltd (UK and Europe) (theblock.co)
Binance Warns Users: Don’t Transact—or Share Wallet Details
Binance advised users not to transact with the affected entities after the restriction dates.
It also warned users not to disclose, publish, or share wallet addresses with third parties or platforms in a manner that could associate them with the prohibited crypto-asset service providers or platforms. (theblock.co)
Transactions After Restriction Dates May Trigger Compliance Review
Binance cautioned that any transactions attempted on or after the restriction dates may be held and subjected to compliance review, and that it may restrict activity tied to affected wallets while the review continues. (theblock.co)
The exchange added that such activity could also breach its terms of use. (theblock.co)
Binance Says It Must Follow Regulatory Requirements
According to the statement, Binance said it is required to adhere to regulatory requirements in jurisdictions where it operates, adding that the measures are intended to maintain a safe and secure environment for users and their assets. (theblock.co)
Binance’s decision to restrict transactions with 17 crypto platforms, including Nigeria-linked entities, signals a tightening compliance environment for cryptocurrency exchanges operating across international jurisdictions. While Binance cited “recent regulatory developments” without naming the specific actions, the phased cutoffs—starting August 13 for certain Nigeria-based firms and expanding August 23 for additional platforms—underscore that counterpart risk screening and sanctions-related controls continue to shape how users and exchanges interact in the crypto economy. (theblock.co)
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