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Nigeria’s Bitcoin Problem Financial markets often seem to happen in just a few large metropolitan areas. The industry cites Wall Street or the City of London, for example, as global financial hubs. These references do sometimes extend to different parts of Asia as well.  This week, though, Nigeria took center stage. And not for reasons you’d expect.  During a senate hearing, Nigerian politicians began discussing how to save their local currency amidst the rise of Bitcoin. Already, the country’s central bank has ordered the closing of customer accounts linked to cryptocurrency. Retail banks that don’t follow the mandate risk hefty fines. Binance followed after and began delisting Nigerian Naira pairs.  

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