Breaking: Coinbase CEO Denies Receiving Government Directive to Block Nigerians from its Crypto Exchange

Published 23/02/2024, 16:11
© Reuters.  Breaking: Coinbase CEO Denies Receiving Government Directive to Block Nigerians from its Crypto Exchange
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  • NigeriaCoinbase has refuted claims of receiving directives to block Nigerians from its platform.
  • Numerous reports claim the Nigerian government has ordered the blockage of crypto trading platforms.
  • Coinbase’s CEO emphasized that its exchange remains accessible to Nigerians.

Prominent U.S. base exchange Coinbase (NASDAQ:COIN) has refuted claims of receiving any directives from the Nigerian government to restrict its citizens’ access to the platform. This denial came through a recent statement from the CEO of Coinbase, Brian Armstrong, via the social media platform X.

Armstrong responded to a report claiming the Nigerian government had blocked its citizens’ access to three prominent crypto trading platforms, including Coinbase, Binance, and Kraken.

“This is inaccurate with respect to Coinbase, as far as I can tell. Coinbase products are still operating (no interruption). We haven’t received any outreach or communication from officials in Nigeria,” Armstrong remarked.

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