The Nigerian Association of Money Changers has recently called for the banning of Binance, one of the world’s largest cryptocurrency exchanges.
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform.
The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has reportedly asked the Nigerian government to consider banning the crypto giant Binance.
Gwadabe insisted that the crypto exchange platform is partly to blame for Nigeria’s persistent currency woes which have now seen the naira fall to a record low versus the U.S. dollar.
The Nigerian government has not yet responded to this call for action, but it is clear that there is growing concern among some members of the financial community about the impact of cryptocurrency on the Nigerian economy.
