The federal government, FG, has announced that it will remove the naira from all peer-to-peer (P2P) exchanges.
The Securities and Exchange Commission’s Director General, Emomotimi Agama, made this announcement during a virtual conference with blockchain stakeholders on Monday.
This resolution aims to combat the manipulation of the local currency’s value in the foreign exchange market.
In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.
More details to follow…