ABCON Urges Halt in Binance’s Operations to Protect Nigerian Naira!

The post ABCON Urges Halt in Binance’s Operations to Protect Nigerian Naira! appeared first on Coinpedia Fintech News

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for a halt in operations by Binance, a cryptocurrency exchange firm, to ensure the stability of the Nigerian naira. ABCON believes that Binance’s activities are adding pressure to the national currency and providing an avenue for illegal activities such as money laundering and terrorist financing. While there has been an increasing demand for cryptocurrency in Nigeria, ABCON emphasizes the need to balance the adoption of new technologies with protecting the country’s currency integrity.