Nigeria ordered telecommunications companies and other internet service providers in the West African nation to block access to cryptocurrency trading platforms, a presidential spokesman confirmed.
The directive affects websites including those operated by Binance, Coinbase and Kraken, which are popular in Africa’s most populous nation where Nigerians use crypto as a hedge against frequent devaluation of the naira.
Local online newspaper Premium Times reported earlier on Thursday that telecommunications providers were already implementing the order.
“Premium Times is correct,” presidential spokesman Bayo Onanuga said in a post on X, responding to the report.
In a statement to Bloomberg News, Binance ...
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