BREAKING: Amid forex crises, Fed Govt moves to delist naira from P2P platforms

The Federal Government declared that it would take the naira off of all peer-to-peer (P2P) exchanges.

During a virtual conference with blockchain stakeholders on Monday, Emomotimi Agama, the Director General of the Securities and Exchange Commission, disclosed this information.

This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market.

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

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

Details later…