I was expecting a laugh about Nigerian scammers going after crypto scammers (the setup would be too good!), but looks like this is old fashioned money printing

I was expecting a laugh about Nigerian scammers going after crypto scammers (the setup would be too good!), but looks like this is old fashioned money printing problems. From the article: > After he came into office last year, President Bola Tinubu scrapped the policy of pegging the naira to the dollar, allowing traders to buy and sell the currency at rates determined by the market. But special advisor Bayo Onanuga said the recent collapse was not the result of normal activity. > "All of a sudden the exchange rate went through the roof... and it was being caused by the people on Binance platform," he told the BBC Newsday programme. And later in the article: > To the frustration of Nigerian users, Binance and several other cryptocurrency firms have been suspended in the country in recent weeks including Coinbase, Kraken, Forextime, OctaFX, Crypto and FXTM in an attempt to halt the slide of the naira. > In another measure intended to curb foreign-currency trading, Nigeria has closed thousands of bureaux de change. So they depegged the currency from the dollar, as expected it devalued, then shutdown down forex shops because they’re facilitating people to trade what they feel is the fair market value of the devalued currency. And then they are angry with the crypto exchanges for effectively doing the same thing as the forex shops they shut down, but now at a wider and less traceable scale. What’s the end game? Lock down the exchange and force everybody to accept your devalued currency at gun point?