The prevalence of cryptocurrencies has been rising for years before the 2022 “crypto winter.”
The commission directed Binance to “immediately stop soliciting Nigerian investors in any form whatsoever.”
Etoro, an Israel-based cryptocurrency trading platform, has placed trading limitations on assets Cardano and Tron in the United States.
The administration had previously banned all trading in cryptocurrencies in Nigeria.
“We are in discussion with CBN for both understanding and better regulating of this market.”
“To ensure that appropriate and adequate mitigants are put in place, should such securities be allowed in the future,” it said.
The embargo on cryptocurrency exchanges by the Buhari administration ignited furore amongst Nigerians, many of whom excoriated the regime for its poor economic policies.
