The Nigerian government has ordered telecom companies to curb access to crypto exchanges.
The Central Bank of Nigeria lifted a ban on crypto transactions in December 2023.
The activities of prominent cryptocurrency exchanges, such as Binance, OctaFX, and Coinbase, have been disrupted by Nigeria. Particularly, this step follows the Central Bank of Nigeria’s recent decision to allow cryptocurrency transactions, indicating a very uncertain regulatory environment for digital assets in the nation.
Meanwhile, the Nigerian government has ordered telecom companies to curb access to these cryptocurrency platforms as tensions rise over worries about currency speculation. Binance, OctaFX, and Coinbase are among the companies that may be affected by the restriction, according to a report in the Nigerian business publication Business Day.
Regulatory Uncertainty
This move comes after a policy change on digital assets in December 2023, when the Central Bank of Nigeria lifted a ban on c
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