Nigeria has seen a 60% increase in the price of bitcoin since ATM withdrawals were restricted. Currently, 1 BTC costs $38,792 on the NairaEX cryptocurrency exchange in Nigeria. Over the price of Bitcoin on the open market, this amounts to a premium of more than 60%. It happens when the Central Bank of Nigeria keeps pushing for a cashless society among the populace.
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals