Nigeria plans to delist naira from all P2P crypto platforms

• Nigeria goals to ban naira use on peer-to-peer (P2P) buying and selling platforms.
• Information comes after a gathering between the federal government represented by the Securities and Trade Fee (SEC) and the blockchain group.

The most recent cryptocurrency information from Africa is that Nigeria has plans to delist the native forex naira from all peer-to-peer (P2P) crypto buying and selling platforms within the nation.

Newspaper publication PUNCH reported early Tuesday that the Federal Authorities is working by way of the Securities and Trade Fee (SEC) to take away naira from all P2P crypto platforms.

The transfer comes amid the federal government’s efforts towards alleged greenback racketeers and change charge manipulators.

Nigeria SEC met crypto sector gamers

This newest growth within the Nigerian crypto panorama follows a gathering that concerned the nation’s newly-appointed Director Basic of the SEC Emomotimi Agama and the blockchain group. Agama revealed the federal government’s naira plans throughout this assembly.

Whereas the federal government is not going to permit for any manipulative acts that threaten the markets and Nigeria’s pursuits, the plan is to work carefully with the trade to advertise accountable progress and innovation.

Agama’s remarks to the Blockchain Business Coordinating Committee of Nigeria (BICCoN) emphasised the federal government’s readiness to have interaction and collaborate with the crypto area.

As Coinjournal highlighted just lately, the assembly with the SEC got here amid BICCoN’s requires a roundtable between the SEC chief and crypto exchanges. This assembly may very well be essential within the general quest to make Nigeria a cog within the world digital belongings enviornment.