The Nigerian central bank has made startling allegations against cryptocurrency exchange giant Binance, claiming that the company has engaged in unauthorized transactions within the country's borders. These accusations came to light during a court hearing on July 5, where a high-ranking central bank official testified to Binance's lack of proper licenses and regulatory approval for its operations. This development has raised serious concerns about the legality and regulation of cryptocurrency trading in Nigeria, and has garnered widespread attention from the financial community.