Nigeria Is in a Currency Crisis. Its Government Blames Crypto.
Amid an unstable economy, many Nigerians have turned to cryptocurrency. The country has the second-highest adoption of crypto in the world, after India, according to data provider Chainalysis. Now, in Nigeria’s current financial crisis—the inflation rate for its local currency, the naira, hit 30% in January—the government is blaming Binance, the world’s biggest crypto exchange. WSJ reporter Cai...
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Mar 13, 2024