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Africa Live: Tyla cancels world tour over 'worsened' injury - BBC News | Africa Live: Tyla cancels world tour over 'worsened' injury - BBC News |
(32 minutes later) | |
Wazir Khamsin | |
BBC News | |
The world's largest cryptocurrency firm, Binance, has begun stopping all transactions using Nigeria's local currency - as a dispute continues with the authorities. | |
The Nigerian government has accused the company of causing the naira to lose value, by manipulating foreign exchange rates. | |
The central bank governor has also claimed that cryptocurrency firms are being used for money laundering. | |
Last week officials demanded almost $10bn (£8bn) in compensation from Binance. | |
With the weakening of the naira, many Nigerians see crypto exchanges as a way to protect their savings. | |
Nigeria orders Binance to pay $10bn | |
Why Nigeria is a global leader in Bitcoin trade | |
What is cryptocurrency and how does it work? | |
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