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Nigeria has taken drastic measures to try to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges, the Financial Times reported. This move comes as the Nigerian government attempts to crack down on currency speculation amid record lows for the naira.
The Nigerian Communications Commission (NCC) issued orders to telecommunications companies late on Wednesday to restrict consumer access to the websites of major cryptocurrency platforms such as Binance, Coinbase and Kraken. As a result, consumers only experienced intermittent access to these sites on Thursday.
Bayo Onanuga, Special Adviser on Information and Strategy to the President of Nigeria, met with X to say that a local government report blocking access to exchanges was correct
Carson Group, a leading $30 billion registered investment advisor (RIA) platform, has recently announced its approval to offer four spot Bitcoin exchange-traded funds (ETFs) to its clients, according to a Bloomberg report. Of the recent batch of US-listed spot Bitcoin ETFs, Carson Group has given the green light to BlackRock's iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and Franklin Bitcoin ETF.
Grant Engelbart, vice president and investment strategist at Carson Group, highlighted the selection criteria, emphasizing the "significant asset growth" and trading volume of the BlackRock and Fidelity ETFs. "We believe it is important to offer these products as a result of two of the largest asset managers in the industry," stated Engelbart. #Bitcoin⬠#binanceforever #ETFsApproval
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