🔤igeria🇳🇬: Binance has officially announced the suspension of NGN fund withdrawals after March 8.

🔤igeria🇳🇬: Binance has officially announced the suspension of NGN fund withdrawals after March 8.

On March 5, after 14:00, it also halted naira deposits. The trading pairs involving NGN were delisted at the end of February due to increasing tensions with regulators, and as of March 7, they have been completely removed.

🔣 On March 6, the payment service Binance Pay removed NGN from the list of possible payment methods.
On March 6, Binance Pay removed NGN from the list of accepted payment methods.

🔣 On February 27, the Central Bank manager stated that crypto exchanges in Nigeria were suspected of conducting illegal transactions, highlighting the "suspicious flows" of funds, particularly on Binance.

🔣 In the same "Blockchain 24" article, it was reported that Nigeria's national security advisor confiscated the passports of two Binance leaders in Abuja, the capital of Nigeria, along with the passports of leaders who are citizens of the United States and the United Kingdom.

🔣 The clouds began to darken two years ago, when regulated financial institutions were banned from providing services to cryptocurrency exchanges.

Despite becoming one of the fastest-growing crypto economies in the world in recent years, Nigeria finds itself in a turbulent situation.

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