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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAs part of a Nigeria-wide crackdown on cryptocurrency exchanges that have been accused by authorities of fueling a black market for foreign currencies, Binance is going to stop all transactions and... Exchanges in the local currency of Nigeria after 8 March.
The Binance cryptocurrency will stop supporting withdrawals after next Friday and any remaining Nigerian naira balance will automatically be converted to Tether, a stablecoin whose value is pegged to the US dollar. In fact, the Nigerian authorities arrested two senior Binance executives for undisclosed reasons as part of the crackdown
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