Crypto Crackdown: Pro-Biafra Advocate, Simon Ekpa, BRGIE Launch Biafracoin Website
The Biafra Republic Government In-Exile (BRGIE) along with the Finland-based pro-Biafra advocate, Simon Ekpa, has made waves in the digital finance world by officially launching the Biafracoin Cryptocurrency website.
Simon Ekpa, alongside the BRGIE, announced this groundbreaking initiative on X platform, highlighting the exceptional benefits of Biafracoin. Unlike traditional investment options offering modest returns, the Bank of Biafra’s USBT promises an impressive 18 percent interest on Biafracoin investment staking. This initiative is especially timely, providing a valuable alternative for those seeking to safeguard their wealth amidst the Nigerian economy’s current trials.
The announcement comes just weeks after the revelation of both the Biafracoin and the Bank of Biafra, underscoring the BRGIE’s commitment to economic empowerment. This move is set against the backdrop of recent actions by the Nigerian Government against cryptocurrency platforms, including a significant fine levied on the popular trading platform Binance.
The Nigerian Government’s recent demand for a $10 billion fine from Binance, as revealed by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, marks a significant moment in the country’s regulation of cryptocurrency platforms. This action aims to stabilize the naira by curbing what the government perceives as illegal operations by Binance that significantly impact the country’s currency value.