In a notable response, Nigerians have expressed their dissatisfaction with the Federal Government and the Central Bank of Nigeria for their recent crackdown on cryptocurrency platforms, including Binance and Aboki FX.
The criticism gained momentum on social media, particularly Twitter, where users voiced their concerns and objections to the government’s measures against Binance and the subsequent trending of Aboki FX.
The situation unfolded with the Nigerian authorities detaining two senior executives from Binance, who had traveled to the country after the recent ban on several cryptocurrency trading websites.
The executives were apprehended by the office of the national security adviser (NSA), leading to the seizure of their passports.Dr. Olayemi Cardoso of the Central Bank of Nigeria revealed in a recent statement that an alarming sum of $26 billion had been moved through Binance Nigeria by unidentified sources within a one-year period.
Cardoso disclosed this information during a committee meeting at the CBN headquarters in Abuja on Tuesday.Binance, an online cryptocurrency exchange platform, serves as a hub for users to trade digital assets.This turn of events prompted recollections among netizens of the 2021 clampdown by former CBN Governor Godwin Emefiele on Aboki FX.
Emefiele had attributed economic challenges to the platform, resulting in the cessation of its operations in the country.In response to these developments, Nigerians have emphasized their dissatisfaction with the government, asserting that the failure to transition to a manufacturing economy has exacerbated hardships faced by citizens.
