BINANCE has announced a major compliance crackdown that will prevent transactions involving 16 crypto-asset service providers, including Nigerian-linked platforms A7 Nigeria and A7 Africa, with the latest phase taking effect on August 23, 2026.
The development is particularly significant for Nigerian cryptocurrency users because A7 Nigeria and A7 Africa were among the platforms already restricted by Binance from August 13, alongside PilotFinance Ltd. The exchange had earlier restricted Shelbit and Aban Tether Exchange on August 7.
News Point Nigeria reports that Binance, in an August 14 notice, said it would stop processing transactions involving 11 additional crypto platforms from August 23, bringing the total number affected by the phased compliance action to 16.
The exchange advised users not to directly or indirectly send funds to, receive funds from, or otherwise engage in transactions through Binance involving the affected entities after their respective effective dates.
“Binance is required to adhere to the regulatory requirements in the jurisdictions in which it operates,” the exchange said, describing the restrictions as measures aimed at keeping the platform and users’ assets secure.
The 11 platforms scheduled to be restricted from August 23 are Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, HTX (Huobi Global SA) and EXMO Ltd.
They join the five platforms already affected by the earlier phases of the action: Shelbit and Aban Tether Exchange from August 7, and A7 Nigeria, A7 Africa and PilotFinance from August 13.
For Nigerian users, the inclusion of A7 Nigeria and A7 Africa is likely to attract particular attention, as transactions involving the two platforms through Binance have already been subject to the restrictions since August 13.
Binance said transactions attempted with any listed platform after its effective date may be held for compliance review, while temporary restrictions could also be imposed on affected wallets during the review process.
The latest action does not mean Binance is removing Bitcoin, USDT or other cryptocurrencies from its platform.
Rather, the restrictions concern transactions involving specific counterparties. Assets such as Bitcoin and USDT remain tradable on Binance, but transfers to or from the listed platforms will not be processed normally after their respective cutoff dates.
Binance has not specified how long compliance reviews could take, meaning users involved in affected transactions could face delays rather than an immediate rejection in every case.
Although Binance cited “recent regulatory developments” without naming a specific law in its notice, the list of affected platforms overlaps with international sanctions actions targeting crypto entities accused of facilitating transactions linked to sanctions evasion involving Russia and Iran.
The restrictions involving 14 of the platforms correspond with entities named in the European Union’s 21st Russia sanctions package, while Shelbit and Aban Tether Exchange were separately designated by the United States on August 7.
HTX, formerly known as Huobi, and EXMO were already subject to EU and UK sanctions before Binance announced the latest restrictions, making their inclusion in the August 23 batch widely anticipated.
The staggered implementation of the restrictions also suggests that Binance could introduce additional batches if regulators impose sanctions or other restrictions on more crypto platforms.
For Nigerian crypto users, the development underscores the growing importance of checking the compliance and sanctions status of counterparties before transferring digital assets between exchanges and other crypto-service platforms.
The restrictions also highlight how regulatory actions in Europe, the United States and other jurisdictions can have direct consequences for Nigerian users who transact through global cryptocurrency exchanges.