📢 Attention investors! Bribery allegations against Binance CEO Richard Teng by Nigerian officials could affect foreign investors' confidence in Nigeria, according to SBM Intelligence. Despite the government's denial, SBM emphasizes the need for a thorough investigation. 🕵️‍♂️

The Nigerian government has shown strong opposition to cryptocurrencies, belying their growing popularity among citizens. SBM suggests that citizens are attracted to cryptocurrencies because of the investment and transaction possibilities they offer. However, the government views cryptocurrencies negatively because they decrease its control over financial transactions and the economy. 💰

What do you think of this situation? Share your thoughts in the comments. 👇