Nigeria’s 2021 Crypto Ban: Impact on Startups and Their Resilience in Adapting to Challenges
In 2017, Franklin Peters launched Bitfxt, a Nigerian crypto startup aimed at offering a payment gateway, remittance service, and trading platform. By 2019, it processed millions of transactions. However, a major setback occurred when the Central Bank of Nigeria banned banks from facilitating crypto transactions in early 2021, forcing many exchanges, including Bitfxt, to shut ...
