Nigerian authorities are preparing to ban P2P crypto exchange involving the national currency, the Nigerian naira, in the coming days.
The government of Nigeria is preparing to introduce new regulations to ban peer-to-peer cryptocurrency exchange using the national currency, the Nigerian naira.
“Recent concerns regarding crypto P2P traders and their perceived impact on the exchange rate of the naira has underscored the need for collective action.” Major CEX platforms like Binance have their own P2P marketplaces, allowing users to switch between CEX and P2P when needed. However, BinanceEven after removing the naira from its P2P service, Binance and its executives continued to face pressure from regulators in Nigeria, keeping Gambaryan arrested and jailed.condemning the Nigerian government
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