Learn more

Some $26bn passed through Binance Nigeria in the past 12 months, heightening concerns that cryptocurrency was used to facilitate illicit financial flows and currency manipulation. That’s according to Central Bank of Nigeria governor Olayemi Cardoso, who revealed that the country’s cryptocurrency landscape is under serious scrutiny, as authorities look to stabilise the naira. A week prior, on February 22, the Nigerian Communications Commission (NCC) received instructions from the Central Bank of Nigeria to ban access to crypto trading sites, including Binance and Kraken. Many users however repo…