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Questions tagged [restrict access]

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TaekwondoPower TaekwondoPower Tue Jan 07 2025 | 6 answers 1590

Why did Nigeria restrict access to Binance & other crypto platforms?

Nigeria restricted access to Binance and other crypto platforms due to concerns over currency speculation, illegal fund flows, and the potential manipulation of the foreign exchange market, which the government believed were largely caused by activities on these platforms.

Why did Nigeria restrict access to Binance & other crypto platforms?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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