The government of Nigeria is attacking crypto platforms, and in particular Binance, which is accused of disrupting the foreign exchange market. A theory that would have favored the depreciation

In free fall, the naira depreciated by 44% against the dollar. However, inflation was galloping at nearly 30% in January. The central bank of Nigeria announced on Tuesday a further increase in its interest rates, by 400 basis points, to 22.75%. For the Nigerian government, the national currency would also be manipulated and subject to “economic sabotage” through crypto and currency platforms

Last week, the telecom regulator ordered to block access to the most important of them, such as Binance, Coinbase, Coinbase,, Kraken, Kraken, Kraken, FXTM or OCTAFX. Since then, access to their websites has become intermittent, or even impossible for some users. Two Binance executives who arrived in the country as a result of this decision were even intercepted and their passports seized. In the wake of these arrests, Binance halted trading naira against bitcoin and USDT, Tether's dollar stablecoin

The Nigerian government believes that currency speculators are using the platforms to conduct “criminal activities.” And that these contribute significantly to the weakening of the naira