ADDIS ABABA — Binance, the world’s largest cryptocurrency exchange by trading volume, has restored access to its platform for users in Ethiopia through the state-owned telecommunications operator, Ethio telecom. The resumption follows what the company described as “successful regulatory engagements” with local authorities, reversing a months-long disruption to its services in the Horn of Africa nation.
“Binance is now accessible again in Ethiopia via Ethiotel after successful regulatory engagements,” the company stated in the communication, thanking its user base for their patience during the service suspension.
Central Bank Clampdown on Parallel FX Markets
The restoration follows escalating friction between global cryptocurrency platforms and Ethiopian financial regulators. In May 2026, the National Bank of Ethiopia (NBE) issued a stringent directive declaring peer-to-peer (P2P) cryptocurrency transactions denominated in the Ethiopian Birr (ETB) illegal.
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