The recent exit of OKX from Nigerian crypto market has sparked a lot of debate among users. While some blame the government for the hash crypto regulatory policy others feel OKX should abide by the regulatory changes since other exchanges like Bitget and Bybit ain’t finding such challenges. Considering Richard Teng's (Binance CEO) recent bribery accusation against the government, could there be more that we don’t know? Remember, Binance, OKX, Kucoin, and some other top exchanges excluding Bitget have removed NGN from their P2P service.
Is obvious that most governments understand that the fight against crypto adoption is futile as such have resorted to regulating the industry to keep it in check even when this goes against the core foundation of decentralization but for adoption we have to welcome the initiative. Many exchanges have found it difficult to keep up with the regulatory policies of certain regions or country as such decided to exit such countries at the detriment of their users. Regardless of this crypto adoption has continued to rise because there are always better options available to enthusiasts.