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Binance to stop currency services in Nigeria amid legal dispute
Binance ends currency services in Nigeria amid legal issues, affecting withdrawals, deposits, and trading pairs.
Reuters said that blockchain research firm Chainalysis said in a September 2023 report that the volume of crypto transactions in Nigeria grew 9% year-over-year to $56.7 billion between July 2022 and June 2023. This reversal is seen as an acknowledgment of the ineffectiveness of the ban, given Nigeria’s status as the world’s second-largest cryptocurrency user and the recognition of the significant commercial prospects presented by such a vast and evolving market. Her areas of speciality span a wide range, including technology, Diversity, Equity, and Inclusion (DEI), social politics, mental health, and nonfiction books.
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