World’s largest cryptocurrency trade platform, Binance has confirmed blockade of its website and other cryptocurrency platform’s to Nigerian users.
The cryptocurrency trading platform disclosed this in a statement on Thursday as Nigerians lament inability to access the platform’s website.
“We are aware that some users are experiencing issues accessing binance.com, along with other platforms in the industry,” Binance said.
Binance said that the blockage affected only its users accessing the platform via its website, noting that its app was still functioning for users to access the platform.
“Only users attempting to access the website are impacted, although the App is currently available. Importantly, all user funds are secure and accounts can still be accessed,” Binance said.
Binance added that it “remains committed to the adherence to local regulations and laws. We continue to actively engage with regulators, policymakers and other relevant stakeholders to foster an open transparent dialogue about managing the evolving landscape of cryptocurrency.”
This follows clampdown on cryptocurrency platforms by the President Bola Tinubu-led government in a bid to stabilise declining Nigerian naira, a move criticised by Nigerian Binance users.
It is coming less than two months after the Federal Government lifted ban on cryptocurrency and the recent clampdown on unlicensed Bureau De Change operators by the Economic and Financial Crimes Commission to save naira’s freefall against the dollar.
