Binance, the world’s largest cryptocurrency exchange, announced that it will stop its Nigerian Naira (NGN) services.
Binance is the fiat currency of Nigeria, where it is currently experiencing problems Nigerian Naira announced that it would stop all services related to The Nigerian government blocked access to Binance and later claimed that illegal money was flowing through the exchange.
Later, Nigeria invited two officials of the stock exchange and decided to arrest them. CEO Richard Teng He also called.
Binance will automatically transfer the NGN balances in the accounts as of March 8, 11:00 am ET. to USDT He said it would be converted. Stock Exchange also 5 March 17.00′Since the NGN It will not support deposits.
On the other hand, NGN withdrawals can be made until March 8. Remaining balances in Binance spot and funding wallets 1 USDT = 1,515.13 NGN He stated that he would convert it at a rate of
In the statement, it was also announced that NGN spot trading pairs will be delisted on March 7 at 06:00. P2P, automatic investment And payments are made respectively from the stock exchange will be completely removed.