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Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase

TechCrunch

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Some cryptocurrency exchanges in Nigeria faced accessibility issues, leading to speculation of imposed restrictions on crypto websites. This came after Binance imposed limits on peer-to-peer transactions trading the USDT/NGN pair, coinciding with the naira's fall to record lows. Although the central bank recently lifted restrictions on banks and considered granting licenses to crypto companies, the government's recent decision to restrict access to these platforms is seen as an attempt to regain control over the naira's valuation. However, the directive to block access to cryptocurrency trading platforms was temporarily halted, and these platforms are currently accessible.

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