Kenya’s Blockchain Association Pushes for Binance Executives Release in Nigeria

• The two Binance executives were detained without warning three weeks ago.
• Since no charges have been filed in three weeks, BAK is pleading for release of executives.

In an effort to secure the release of the Binance executives currently jailed in Nigeria, officials from the Nigerian High Commission in Kenya were met with by the Blockchain Association of Kenya (BAK). Nadeem Anjarwalla is a member of the group and a colleague of Binance’s who is now detained in the nation; according to local media reports, the association has filed an urgent petition for his release.

The two Binance executives who were detained without warning three weeks ago by the National Security Adviser’s (NSA) office form the basis of the appeal. Human rights, fair principles, and due process are called into doubt by the lengthy imprisonment, according to the statement.

No Charges Filed in Three Weeks

In addition, the group is worried about how new regulations would affect the blockchain industry in the region. Most notably in the areas of policy making and rulemaking, African nations have recently achieved great strides in web3 advances.

In response to the country’s persistently high ranking in cryptocurrency trading volumes, the Central Bank of Nigeria removed the prohibition on financial institutions using cryptocurrency transactions last year. The status of digital asset stakeholders negotiating with the government without violating local rules also aroused eyebrows.

Also, the group brought Nadeem’s prior work in promoting ethical leadership in Kenya and elsewhere on the African continent to the notice of the Commission. Since no charges have been filed in three weeks, BAK is pleading with the authorities to release Nadeem immediately and guarantee his safety, as well as that of his colleague at Binance.

Highlighted Crypto news Today:

Genesis Settles with U.S SEC for $21M Over Gemini Earn Program