Nigerian government accuses crypto exchanges of fueling Naira depreciation

  • News story


Name

Nigerian government accuses crypto exchanges of fueling Naira depreciation

Description

In response to ongoing concerns about foreign exchange market manipulation and the rapid devaluation of the Naira, the Nigerian government has taken significant actions against cryptocurrency exchanges. Authorities claim that these platforms, particularly Binance, have been involved in activities that distort foreign exchange rates and contribute to the currency’s depreciation.

Broader news topics

Cover

Date

04

Month
/

28

Day
/

2024

Year

12

:

00

am

Event order

1

Location

Nigeria

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