FG to remove naira from P2P platforms

May 6, 2024 Vaseline stjohnson 0

The Federal Government has announced plans to remove the naira from all peer-to-peer (P2P) platforms.

Securities and Exchange Commission Director General Emomotimi Agama made this revelation in a virtual meeting with blockchain stakeholders on Monday.

This decision aims to address the manipulation of the value of the local currency in the foreign exchange market.

The country’s regulatory authorities have been investigating and examining cryptocurrency exchanges in recent months.

On March 8, the largest cryptocurrency exchange, Binance, stopped its naira services.

Details later…

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