The Nigerian government is taking measures against crypto platforms, including Binance, as part of its strategy to stabilize the Naira.

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The Nigerian government is taking measures against crypto platforms, including Binance, as part of its strategy to stabilize the Naira.

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On February 21, 2024, Techpoint Africa reported that there were plans to block crypto websites in Nigeria, and later that day, several crypto websites, including Binance, were not reachable via mobile Internet.

Nigeria detains Binance employees and demands data on top 100 Binance users in Nigeria as part of investigations into the naira depreciation.

Related entities

Nigerian government accuses crypto exchanges of fueling Naira depreciation