Nigeria freezes over 1,100 bank accounts of crypto traders amid broader regulatory crackdown

dlnews.com/articles/regulation/nigeria-efcc-crackdown-crypto-traders-merchants

Nigerian crypto merchants, traders with large transaction volumes on peer-to-peer platforms, dreaded what would happen next as the country’s fiat currency, the naira, showed renewed weakness in the foreign-exchange market last week.
Those fears weren’t misplaced.
That’s because the Economic and Financial Crimes Commission, or EFCC, Nigeria’s anti-corruption agency, has frozen…

This story appeared on dlnews.com, 2024-04-29.
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