Nigeria detained two senior Binance employees and accused the crypto exchange of undermining the nation’s plunging currency. They are being held in a guarded house, but haven’t been charged with any crimes.
| less than a minute read
Crypto gets blamed for a real-life currency crisis
"Because the government rationed who could exchange the local currency for the dollar and at what exchange rate, many sought refuge in digital currencies pegged to the U.S. dollar, known as stablecoins."
