Seems like Binance is acting faster than Nigerian Banks:
https://www.coindesk.com/binance-suspends-deposits-in-nigeria-following-central-bank-directive
The news is one day old but I don't see any serious change in the volume pairs, except for the USDT/NGN, change that for me makes little sense right now, why the dump?
https://www.binance.com/en/trade/USDT_NGN
I think Binance respects the policies adopted by Nigeria and has temporarily suspended deposits for matters concerning Nigeria. this is the right thing for binance to do.https://www.coindesk.com/binance-suspends-deposits-in-nigeria-following-central-bank-directive
The news is one day old but I don't see any serious change in the volume pairs, except for the USDT/NGN, change that for me makes little sense right now, why the dump?
https://www.binance.com/en/trade/USDT_NGN
besides, it doesn't really affect the market. even bitcoin still has the potential to go up to over $ 40k for now.
based on the article mentioned, many Nigerian people do not agree with this, even they have made hashtags about this more than 26,000 times. however, I think this will be the same as India doing, and I hope there will be no significant effect on crypto.