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Tag: Local Currency

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Nigerian Crypto Exchanges Blocked Amid Severe Fall In Local Currency

Key Points: The country blocks access to Nigerian crypto exchanges amid naira’s record lows. Telecommunications providers enforce restrictions on platforms like Binance, Coinbase, and Kraken. The government seeks to control the naira valuation, reflecting the global regulatory trend post-2022 crypto crash. Nigeria has implemented stringent measures in an attempt to stabilize its plummeting national currency,…
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