Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance

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Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance
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Amitoj Singh is a CoinDesk reporter.

Nigeria’s Central Bank has directed institutions in the financial space to identify persons or entities transacting in or operating four unlicensed crypto exchanges – Binance, Bybit, KuCoin and OKX.The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX and Binance, according to a letter seen by CoinDesk.

The latest action comes after an ongoing saga between Binance and Nigeria’s government, which has made international headlines. The Nigerian government accused Binance of enabling currency speculation that crashed its currency, the naira, invited two of its executives into the country, then arrested them, and

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