The laws concerning crypto for Naija no too dey clear, the other time no be government dey warn banks make dem no dey involved in any form with crypto transactions, banks like Opay, Palmpay, etc, even put up warning on their platform say dem fit seize your money if dem find out say e get connection with crypto.

If government wan make exchanges come register under the appropriate body, then make dem dey open to the industry, no be by locking up Binance operative for months, before finally releasing him few weeks ago. I don't think too many exchanges go register nor follow this guideline.