FG Plans to Delist Naira from P2P Platforms

6th May 2024

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

During a virtual conference with blockchain stakeholders on Monday, Emomotimi Agama, the director-general of Securities and Exchange Commission made this declaration.

The goal of this resolution is to combat manipulation of the value of the local currency in the foreign exchange market.

In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.