The Central Bank of Nigeria has requested the largest crypto exchanges in the country to limit access to their websites.
In response, the National Communications Commission (NCCC) has started blocking the websites of popular platforms such as Binance, Coinbase, Kraken, and OctaFX.
Nigeria is one of the leading African countries in terms of investment in virtual currencies, prompting the government to introduce legislation and increase control over companies offering services for storing and exchanging digital assets.
The head of the Central Bank, Yemi Cardoso, acknowledged the growing popularity of Bitcoin and other cryptocurrencies in the country, with many investors utilizing the services of Binance.
However, as part of their regulatory efforts, restrictions are being placed on trading platforms, which will be lifted once crypto companies register with the government.
