𝗕𝗶𝗻𝗮𝗻𝗰𝗲 𝘁𝗼 𝗗𝗶𝘀𝗮𝗯𝗹𝗲 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗕𝗶𝗿𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗶𝗻 𝗠𝗶𝗱-𝗠𝗮𝘆 𝟮𝟬𝟮𝟲

Binance has announced that it will disable trading in the Ethiopian Birr starting May 15, 2026

May 7, 2026

Chilenew Belachew

Addis Ababa, Ethiopia

Binance has announced that it will disable trading in the Ethiopian Birr starting May 15, 2026.

Binance Africa shared the update on its X (formerly Twitter) page, stating that it is “working closely with regulators to support Ethiopia’s goals” and hopes to resume trading soon.

The crypto trading platform added that users’ funds are safe and that they can still access their accounts.

The suspension comes two months after the National Bank of Ethiopia issued a public notice stating that Birr-paired P2P transactions are prohibited and illegal in the country.

However, the central bank noted that it is working to establish a comprehensive regulatory framework to enable safe and orderly participation in emerging digital asset technologies.

Until such a framework is formally introduced, Birr-paired P2P cryptocurrency transactions remain prohibited, the National Bank emphasized.

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Chilenew Belachew

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