Binance is destroying the economy of Nigeria, clamp down on the cryptocurrency platform now, Bayo Onanuga Says.
Bayo Onanuga, a Presidential spokesman, has revealed that the popular cryptocurrency trading platform Binance will damage the economy of Nigeria, if swift, drastic measures are not implemented.
Onanuga made this revelation while on Channels Television Politics Today Programme on Wednesday, February 28, said Binance is arbitrarily fixing foreign exchange rates.
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Onanuga said,
“If we don’t clamp down on Binance, Binance will destroy the economy of this country. They 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 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.”
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