Nigeria Limits Access to Binance and Similar Platforms Following Previous Ban Reversal
- The Central Bank of Nigeria (CBN) has directed telecom companies to block access to cryptocurrency-related websites, including Binance, OctaFX, and Coinbase.
- Binance has clarified that its service is not intended for currency pricing, and it remains committed to engaging with regulators and other stakeholders.
- The Nigerian Communications Commission has directed telecom companies to restrict access to the websites of Binance and other cryptocurrency entities.
The Nigerian government's decision to block access to cryptocurrency-related websites is seen as a negative move for the crypto industry. It restricts access to important platforms and hinders the growth and development of the sector. The government's focus on targeting crypto transactions to solve economic problems is criticized as misguided and unsustainable.
