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International Business Times
International Business Times
Business
Tonye Bakare

Nigeria Targets Cryptocurrency In Bid To End Naira Freefall

President Tinubu promised prior to last year's election a regulatory environment to encourage healthy adoption of digital assets, including cryptocurrency (Credit: AFP)

The world's biggest cryptocurrency exchange Binance is halting operations in Nigeria's naira currency as the government puts cryptobusinesses under increasing scrutiny.

The decision came after authorities in Africa's biggest economy imposed restrictions on cryptocurrency exchanges as part of attempts to halt the sliding value of the local currency.

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