#SECETFApproval The Nigerian government recently launched a lawsuit against Binance, demanding $81.5 billion. According to the authorities, Binance allegedly facilitated unregulated exchanges, exacerbating the depreciation of the naira.

Since March 2024, Binance services in naira have been suspended and the remaining funds converted to USDT. This case raises the question of crypto regulation in African countries.

Is Binance guilty of weakening the national currency, or is it simply a platform used by users to escape inflation?