Bayo Onanuga, the spokesperson for the president, On Wednesday, February 28, warned that Binance, a website that deals in cryptocurrency, could ruin the Nigerian economy if left unchecked.
He claimed on Channels Television’s Politics Today show that Binance was manipulating the exchange rate of foreign currencies.
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He stated;
“If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate. We have saboteurs. Look at what Binance is doing to our economy. That is why the government moved against Binance. Some people sit down using the cyberspace to dictate even our exchange rate, hijacking the role of the CBN.
“They just sit down and fix anything they like. It’s a sabotage and we are trying to prevent that from happening henceforth.”
