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<ul><li>OKX to cease Nigeria operations by Aug. 16 due to regulations, and users must withdraw funds by Aug. 30.</li><li>Nigerian users cannot open new positions on OKX, and withdrawals and closing positions are allowed until Aug. 30.</li><li>OKX faced security breaches involving SMS notifications and new API keys.</li></ul>Crypto exchange OKX has announced its decision to cease operations in Nigeria by August 16, 2024, citing local regulatory issues. OKX informed Nigerian clients that they must close their positions and withdraw their funds by August 30. The announcement highlights the ongoing challenges faced by crypto platforms in adhering to local regulations.OKX notified users that they would no longer be able to open new positions or access most services on the platform. Users can still withdraw funds and close existing positions until the specified deadline. <a href="https://cryptotale.org/okx-officially-enters-australia-offering-aud-transactions/" rel="noopener noreferrer nofollow">OKX</a> assured its clients that their funds remain secure and accessible during this period. After August 30, users needing account-related actions will have to contact customer service directly. The exchange emphasized that it cannot provide know-your-customer (KYC) services for Nigerian users, further limiting its operations in the country.<a href="https://cryptotale.org/okx-to-cease-operations-in-nigeria-by-mid-august-due-to-local-regulations/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Insta</a>

OKX to Cease Operations in Nigeria by Mid-August Due to Local Regulations

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