Nigerian Crypto Regulations Continue to Target Money Laundering

The Nigerian crypto market has been engulfed in regulatory turmoil, sparking uncertainty among local traders and investors. The government has intensified its scrutiny of exchanges operating in the country, accusing them of undermining economic stability. Among the embattled exchanges, Binance found itself at the center of controversy. It faced allegations of involvement in terror financing and subsequently announced a partial withdrawal from the Nigerian market. Government Initiatives for Market Reform Amidst the regulatory challenges, the Nigerian government is actively pursuing...


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