Nigeria considers blocking online platforms of cryptocurrency firms, including Binance, due to suspicions of currency manipulation and money laundering.

Nigeria is considering blocking online platforms of cryptocurrency firms, including Binance, amid suspicions that they are being used for currency manipulation and facilitating money laundering. This move comes after the Nigerian government identified platforms like Binance as allegedly contributing significantly to the devaluation of the naira. If the government proceeds with a ban on digital asset trading sites, Nigeria would join countries like Malaysia, France, and Malta in enforcing restrictions on crypto firms.