Nigeria’s Crypto Restrictions$SUI
Nigeria restricted Binance’s naira trading services in 2024, impacting Bitcoin, Ethereum, and Binance Coin. The Central Bank views crypto as a threat to financial stability, citing money laundering risks. Despite high crypto adoption, regulatory pressure limits exchange operations. Binance’s withdrawal reflects challenges in navigating Nigeria’s strict policies, pushing users to P2P platforms. Nigeria’s approach contrasts with crypto-friendly African nations like Kenya. #NigeriaCrypto #Bitcoin #Ethereum #BinanceCoin #CryptoBan
