Cryptocurrency exchange Binance has restricted transactions involving 17 crypto-asset service providers and platforms, including three entities linked to Nigeria, as part of its latest compliance measures.
The restrictions are being introduced in phases and are linked to regulatory and sanctions-related requirements across several jurisdictions.
The Nigeria-linked entities are:
- A7 Nigeria
- A7 Africa
- PilotFinance Ltd
Binance began applying restrictions to these platforms on August 13, 2026. Transactions involving the affected entities are no longer being processed through Binance.
The move comes as Nigerian regulators continue tightening oversight of the country’s rapidly growing digital-asset industry. Nigeria’s Securities and Exchange Commission recently proposed updated rules covering activities including crypto trading, custody, transfers and settlement, as well as other virtual-asset services.
The latest Binance action is not limited to Nigerian platforms.
The exchange has also restricted transactions involving crypto businesses operating in Iran, the United Arab Emirates, Georgia, Belarus, the United Kingdom and other jurisdictions.
Some of the restrictions are connected to recent international sanctions and regulatory developments. For example, Binance said restrictions involving several platforms took effect on August 23 following new regulatory measures.
Among the other affected platforms are HTX, EXMO, Rapira, Aifory Pro, WhiteBird, Tradex, BitPapa and Exnode.
The restrictions mean Binance will no longer process transactions involving the listed platforms once their respective restrictions take effect.
The exchange has been introducing the measures gradually rather than imposing a single blanket restriction on all 17 providers. Users dealing with any of the affected platforms may therefore need to check whether a transaction or transfer could be subject to additional compliance review.
The development highlights the growing pressure on major cryptocurrency exchanges to comply with international sanctions, anti-money-laundering requirements and local regulatory rules.
For Nigeria, the move is another sign that the country’s crypto market is entering a more closely regulated era.
As regulators demand greater oversight of virtual-asset businesses, exchanges such as Binance are increasingly being forced to monitor not just their customers—but also the platforms and counterparties they transact with.
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