Following recent hike in the rate of the dollar, the Nigerian government has clamped down on Binance and other A-list crypto exchanges in a bid to give the naira strength
Binance is one the largest cryptocurrency exchange platform in the world, during recent times they have been forced to work with the Nigerian government in a bid to regulate the heightened price of the dollar to naira.
Binance recently Announced their collaboration with the Nigerian government to stabilize the USDT/NGN pegging the exchange at a fixed price of $1802.
You May Also Like
-
BRICS threatened a 100% tariff by 47th incoming American President Donald Trump if they move away from the dollar -
Air Peace CEO Allen Onyema Slammed with $20M U.S. Fraud Charges in Shocking Scandal
-
Pavel Durov arrested and detained in france for a 12 count criminal charge -
Seizure of 3 Nigerian Presidential Planes: The Full Story Behind the Shocking Controversy
Binance p2P Disabled
Nigerian users earlier reported that Binance P2P feature was missing, this feature enables users trade with themselves without the interference of third parties, the process is only monitored by Binance to prevent fraud.
The BTC/NGN feature was also disabled, Binance has assured Nigerians that all coins including USDT are safe, despite the immediate difficulty of Nigerians to access their accounts at binance https://www.binance.com the Binance still works perfectly fine.
Recent information states that Two senior executives at Binance have been detained in Nigeria.
According to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives were seized.
FT gathered that the executives flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites last week but were detained with their passports seized..
