The naira plunged into a swift freefall in the past few days until Nigerian authorities stepped in to halt its dramatic fall.
The contract discloses that the immigration regulator will now able to track transactions made through different crypto currency networks.
On Saturday morning, the price of a Bitcoin dipped below $20,000, a threshold regarded as a crucial support level for the cryptocurrency.
Coinbase says its decision was not the direct result of Russia’s invasion of Ukraine but to combat fraudulent activities on the platform.
