Binance Restricts Transactions With 17 Crypto Platforms, Citing Regulatory Requirements

Cryptocurrency exchange Binance has announced restrictions on transactions involving 17 crypto-asset service providers and platforms operating across Nigeria and other countries, citing recent regulatory developments.

The restrictions affect three entities linked to Nigeria  A7 Nigeria, A7 Africa and PilotFinance Ltd.  with the measures against the three taking effect from August 13, 2026.

Binance, however, did not specify the regulatory developments that prompted the restrictions, which affect platforms operating across several jurisdictions.

The exchange said restrictions involving Shelbit General Trading LLC, which operates in the United Arab Emirates and Iran, and Aban Tether Exchange in Iran, would be implemented in phases.

It further stated that from August 23, restrictions would apply to Rapira and Aifory Pro (Sooty Ltd.), both operating in Georgia; ABCeX (Nueva Cryptologia S.A.S DE C.V.), with links to El Salvador and Georgia; WhiteBird and Tradex (Brightum LLC) in Belarus; and NoOnecrypto INC., which operates internationally.

Other platforms listed by Binance are Monease Ltd. in the United Kingdom, BitPapa in the UAE, Exnode and Exnode Pay (Arvix) in Georgia, HTX (Huobi Global SA), founded in China, and EXMO Ltd., which operates in the UK and Europe.

Binance Warns Users Against Transactions

Binance advised its users not to transact with any of the affected entities after the applicable restriction dates.

The exchange also warned users against disclosing, publishing or sharing their wallet addresses with third parties or platforms in ways that could associate them with the prohibited crypto-asset service providers.

According to Binance, transactions attempted after the specified restriction dates could be held and subjected to compliance reviews.

It added that wallets linked to affected transactions could also be restricted while compliance reviews are ongoing.

Binance warned that such activity could constitute a breach of its terms of use.

Regulatory Compliance

Explaining the rationale behind the move, Binance said it was required to comply with regulatory requirements in the jurisdictions where it operates.

The exchange said the restrictions were necessary to meet those obligations and help maintain a secure environment for users and their assets.

The latest action comes amid increasing regulatory scrutiny of cryptocurrency exchanges and crypto-asset service providers across different jurisdictions.

While Binance did not provide specific details of the regulatory issues involving the 17 platforms, the restrictions mean users dealing with the affected entities could face transaction delays, wallet restrictions or compliance reviews.