The Federal Government has announced its intention to discontinue the availability of the Naira on all peer-to-peer (P2P) platforms, signaling a significant shift in the country’s digital currency landscape.
According to PUNCH report, this was disclosed by the Director General of the Securities and Exchange Commission, Emomotimi Agama, during a virtual meeting with blockchain stakeholders on Monday, May 6.
This decision, aims to exert greater control over currency exchange mechanisms.
Recall that on March 8, the biggest cryptocurrency exchange, Binance, stopped its naira services.
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