Binance has blocked Nigerian users from accessing free token rewards and airdrops, sparking complaints from those affected. This change compounds existing tensions between the exchange and the Nigerian government, which has restricted access to crypto services. Users, including students, express frustration as the opportunities to earn additional income are diminished. Many resort to VPNs to bypass these restrictions.
Global cryptocurrency exchange Binance has recently restricted Nigerian users’ access to free token rewards and airdrops, exacerbating the ongoing tension between the exchange and the Nigerian government. Reports indicate that users who had previously benefited from these airdrops expressed their frustrations on social media as they can no longer access this potential income source.
Typically, Binance provides these rewards for users participating in activities such as signing up for new projects, testing DeFi protocols, or holding specific assets. Referrals and task participation could yield earnings up to $50 weekly. However, users reported that they were met with notifications regarding the discontinuation of access to these rewards while attempting to log on to Binance’s platform last week.
Chike Nnadi, a frequent user and Nigerian student, expressed his disappointment: “It is a pity that for a crypto-loving country like Nigeria, our access to the industry is becoming severely limited as the days go by. Imagine being able to earn such an amount of money in a country where most people are living below the poverty line, and now to have that opportunity taken away, it is frustrating.”
This situation is rooted in a larger conflict that began in early 2023, when the devaluation of the naira prompted the Nigerian government to intensify scrutiny of peer-to-peer crypto exchanges, particularly focusing on Binance. Subsequently, local internet service providers were instructed to block Binance, coinciding with the exchange’s decision to disable its P2P trading in Nigeria.
In response, many Nigerian crypto enthusiasts have turned to other options, including over-the-counter exchanges and virtual private networks (VPNs). These VPNs provide users with the ability to obscure their locations, thereby circumventing restrictions and regaining access to Binance’s services.
In conclusion, Binance’s recent blockade of free token incentives for Nigerian users is a significant development in the ongoing conflict between the exchange and the Nigerian government. As local users face mounting restrictions, many have turned to alternative methods to access cryptocurrency services. The impact on those reliant on these earnings amidst economic challenges highlights the urgent need for a resolution to this escalating situation.
Original Source: www.mariblock.com
