The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated the naira has now given way to pessimism.
The Naira’s Woes
The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has reportedly asked the Nigerian government to consider banning the crypto giant Binance. Gwadabe insisted that the crypto exchange platform is partly to blame for Nigeria’s persistent currency woes which have now seen the naira fall to a record low versus the U.S. dollar.
The remarks by Gwadabe suggest that both the Bola Ahmed Tinubu government and some key players in Nigeria’s foreign exchange market are seeking to loosen the top crypto exchange’s stranglehold on the Nigerian market. To illustrate, sometime in early June it was widely

Czytaj więcej

We współpracy z: https://news.bitcoin.com/nigerian-association-of-money-changers-calls-for-banning-of-binance/