Nigeria's Parliament has summoned Binance CEO Richard Teng to appear by March 4 as it investigates alleged money laundering and financing of terrorism. The House of Representatives Committee set a deadline for the probe into Binance's involvement in money laundering and terrorism financing. Nigerian lawmakers have reportedly demanded the arrest of Binance executives after they failed to show up for questioning, with two other execs already detained. A blockchain advocacy group warns that blocking crypto exchanges could undermine efforts to restore confidence in the financial system and drive crypto activities underground.