Nigeria Is in a Currency Crisis. Its Government Blames Crypto.
Amid an unstable economy, many Nigerians have turned to cryptocurrency. The country has the second-highest adoption of crypto in the world, after India, according to data provider Chainalysis. Now, in Nigeria\u2019s current financial crisis\u2014the inflation rate for its local currency, the naira, hit 30% in January\u2014the government is blaming Binance, the world\u2019s biggest crypto exchange. WSJ reporter Caitlin Ostroff tells host Alex Ossola about the situation, and what it could mean for the future of crypto in the country.\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices