The ongoing face-off between global crypto trading platform, Binance and the Federal Government has taken a fresh twist following the platform’s resolve to stop all transactions and trading in Nigeria’s currency from March 8.
In a statement posted on its website on Tuesday, Binance also announced that it would stop supporting withdrawals after Friday and any remaining balances in the Nigerian currency would be automatically converted into Tether – a stablecoin whose value is pegged to the United States dollar.
The crypto exchange added that it would cease support for naira deposits after 14:00 UTC today (Tuesday)
