Binance, OKX, and, most recently, KuCoin have all suspended naira support on their P2P platforms
Nigeria's naira continues its downward spiral despite a tightening noose around cryptocurrency trading. The government, blaming digital assets for the currency's woes, has launched a multi-pronged attack on the digital asset, forcing major exchanges to retreat and pushing traders towards riskier avenues.
The African nation is seeking to implement new regulations to ban peer-to-peer cryptocurrency exchanges
The crypto exchange's move follows the start of a regulatory spat with local authorities