A timeline of Binance's troubles in Nigeria
- February 20, 2024: Binance suspends peer-to-peer activities
- February 21, 2024: Binance website blocked in Nigeria
- February 28, 2024: Nigeria detains Binance employees
The ongoing issues between Nigeria and Binance have created a hostile environment for crypto companies in the country. The actions taken by the Nigerian government, such as blocking websites, detaining employees, and charging Binance with tax evasion, indicate a strong negative stance towards the company. This situation raises concerns about the future of cryptocurrency regulation and the overall business climate for crypto companies in Nigeria.
