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Nigerian Presidential Adviser Assails Binance, Calls for Measures Against the Crypto Exchange

Bayo Onanuga, a special adviser to the Nigerian president, has leveled accusations against Binance, blaming it for exacerbating the local currency’s depreciation against major currencies. Onanuga called for immediate act...

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Nigerian Presidential Adviser Assails Binance, Calls for Measures Against the Crypto Exchange
Bayo Onanuga, a special adviser to the Nigerian president, has leveled accusations against Binance, blaming it for exacerbating the local currency’s depreciation against major currencies. Onanuga called for immediate action against Binance, warning that its activities could potentially undermine the economy. Binance, however, has refuted these allegations, attributing the naira’s depreciation to “complex factors” that […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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