Changpeng Zhao, the leader of the world’s biggest crypto exchange, Binance says the crypto exchange has disabled deposits to prevent more NGN from coming in compliance with directives from the central bank of Nigeria.
The highly revered crypto leader who made this know via his Twitter handle, advised Nigerian customers to withdraw their local denominated deposits as early as possible to avoid potential channel issues.
https://twitter.com/cz_binance/status/1357740721508294656?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1357740721508294656%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnairametrics.com%2F2021%2F02%2F06%2Fbinance-quidax-buycoins-africa-bundle-obey-cbns-crypto-ban%2F
In addition, a Nigerian-based crypto exchange, Buycoins Africa has assured its clients that their funds are in good hands, adding that the fintech company would ensure its services were compliant.
“Thanks to everyone who has reached out. We are fully aware of the newest CBN circular and are going to be working with regulators to ensure our services are compliant. All trading on our platforms continues as usual, and all user funds are safe,” BuyCoins tweeted.
https://twitter.com/buycoins_africa/status/1357689779937247233?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1357689779937247233%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnairametrics.com%2F2021%2F02%2F06%2Fbinance-quidax-buycoins-africa-bundle-obey-cbns-crypto-ban%2F
Also, Nigeria’s fast-growing crypto exchange, Quidax issued a press release on the CBN’s new instructions regarding crypto payments,
“We have seen CBN’s new policy but don’t worry your funds are safe and trading continues as usual. However, all Naira deposits have been temporarily paused as CBN’s policy affects our payment partners.
Thank you for your support,” Quidax stated.
Hey Quidaxians,
We have seen CBN's new policy but don’t worry your funds are safe and trading continues as usual.
However, all Naira deposits have been temporarily paused as CBN’s policy affects our payments partners.
Thank you for your support.— Quidax: Your Crypto Plug (@QuidaxGlobal) February 5, 2021
