OKX Suspends Nigeria Operations Amidst Regulatory Crackdown

IconCryptoNewsTerminal Staff17 Jul, 2024

cryptonews.jpg

OKX Suspends Nigeria Operations Amidst Regulatory Crackdown

Effective August 2023, OKX, a reputable cryptocurrency exchange, will halt operations in Nigeria due to the country's heightened regulatory pressure. The decision ensures users' funds remain secure, while withdrawals and position closures remain active. OKX advises closing positions by August 16 (local time). This move follows a trend of increased scrutiny towards crypto platforms in Nigeria.