BINANCE RESPONSE TO NIGERIA GOVERNMENT !!!!!

Binance to discontinue naira services

Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria.

The world’s biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the discontinuation comes into effect on Friday.

“From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT,” Binance said in a statement posted on its website on Tuesday.