---
title: "Crypto enthusiasts warn against naira trade ban on exchanges"
url: https://diffcoin.com/crypto-enthusiasts-warn-against-naira-trade-ban-on-exchanges/
description: "Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms…"
published: 2024-06-08
updated: 2024-06-08
author: "Mila"
site: "Diffcoin"
---

# Crypto enthusiasts warn against naira trade ban on exchanges

Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services.

[Source link](https://cointelegraph.com/news/nigeria-crypto-ban-naira-trading-regulation)