Binance has blocked access to free token airdrops for users in Nigeria, disrupting potential earnings of up to $50 daily. This move escalates the ongoing conflict with the Nigerian government, which has already imposed restrictions on crypto exchanges. Users have expressed frustration, indicating the economic impact of losing such opportunities in a region facing financial hardships.
Global cryptocurrency exchange Binance has recently restricted access to free token airdrops for Nigerian users, intensifying the ongoing conflict between the platform and Nigeria. This decision affects users who previously earned daily rewards averaging $50 from tasks such as project sign-ups and asset staking.
Affected individuals took to social media, expressing frustration over losing this income opportunity, especially in a country where many live below the poverty line. According to reports, many Nigerians logged onto Binance last week, only to find that the airdrop features were disabled for their account.
Binance has clashed with the Nigerian government since early 2023 as the local currency, the naira, depreciated. Following this, officials initiated a crackdown on peer-to-peer cryptocurrency exchanges, targeting Binance specifically, and instructed local ISPs to block its access.
In response to these restrictions, many Nigerian cryptocurrency users have turned to alternative methods, such as using over-the-counter exchanges, or employing virtual private networks (VPNs) to bypass access blocks. VPNs enable users to mask their IP addresses and change their geographical location to access restricted platforms.
Binance’s recent decision to block Nigerian users from accessing free token airdrops marks a significant development in the ongoing tensions between the exchange and the Nigerian government. This restriction not only limits the earning potential of users in a struggling economy but also reflects the broader challenges faced by cryptocurrency platforms in regions with stringent regulatory environments. As users adapt to these changes through alternative access methods, the regulatory landscape for cryptocurrency continues to evolve.
Original Source: www.mariblock.com
