Binance Nigeria P2P inaccessible, another government crypto regulation?

Cryptocurrency adoption has faced various hurdles, from insecurity to government regulations. The update coming from the biggest CEX doesn’t look good as its biggest customer base in Africa, Nigeria, is set to be hit with a ban of Binance, along with other top guns like Coinbase and Octafx.

This move by the government is targeted at controlling the loopholes allegedly in the Crypto and Forex Market and preventing money laundering.

Following this ban, Binance confirmed the difficulties faced by Nigerian users, understandably this has caused an uproar as users continue to seek other accessible options like Bitget.

Please share your thoughts if you’ve explored other options following this ban.