The Central Bank of Nigeria has restricted the country's citizens' access to crypto exchanges
Last week, the adviser to the President of Nigeria, Bayo Onanuga, announced the intention of the government of the country to impose restrictions on citizens' access to crypto trading platforms.
The Nigerian Communications Commission (NCCC) has been instructed by the Central Bank of Nigeria (CBN) to block access to all Internet resources offering services for the purchase and exchange of digital assets, including the national platforms of the Binance, Coinbase, Kraken and OctaFX cryptocurrency exchanges.
This event occurred a few days after the Binance exchange imposed unilateral restrictions on peer-to-peer transactions in the USDT/NGN pair and coincided with the historic fall of the national currency naira to record lows.
CBN head Yemi Cardoso stated that cryptocurrency platforms, and especially Binance, have become extremely popular among the country's citizens due to their peer-to-peer functions and the ability to trade digital assets uncontrollably directly.
"Over the past few years, more than $26 billion of unaccounted funds from citizens of the country, whom we cannot identify, have passed through Binance Nigeria alone," the official announced.
Source: https://bits.media/tsentrobank-nigerii-ogranichil-dostup-grazhdan-strany-k-kriptoplatformam/
