Binance has made the release of Tigran Gambaryan a condition of applying for registration in Nigeria. The exchange is reluctant to register due to outstanding issues with the Nigerian government. It reportedly believes that the framework hastily drawn up by the Securities Exchange Commission has no legal backing. Despite this, Binance is said to remain popular with Nigerian users. In an interview with Nairametrics, a Binance spokesperson all but confirmed that the exchange is not on the SEC's list of entities currently reviewing license applications.