Crypto exchange OKX halts operations in Nigeria by August 16, 2024, due to unfavorable regulatory conditions.
Crypto exchange OKX will halt operations in Nigeria by August 16, 2024, due to unfavorable regulatory conditions in the country. This follows similar actions taken by other exchanges, including Binance, which stopped offering Naira services in Nigeria and subsequently gave users a short window to withdraw funds or convert to dollar-denominated stablecoins. The Nigerian government has been cracking down on crypto exchanges, citing allegations of foreign exchange market manipulation and tax evasion.
July 17, 2024
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