Post
Topic
Board Economics
Re: Banning of p2p on crypto apps in Nigeria
by
avikz
on 07/05/2024, 17:19:11 UTC
I am so much concerned to why Nigerians government is banning the use of p2p on some crypto apps. To their allegations, it's said the crypto is affecting the currency and it also aids money laundry. Can anyone enlighten if what the government is doing is the right thing. The government left the banking sector and blames binance and other crypto companies.

When you say "some crypto apps", does that mean some crypto apps are also running and continue facilitating P2P transactions? If yes, then it's probably a cleanup operation that the government has undertaken. If not, it's surely a blow on the crypto community.

May I ask, if these apps are all Nigeria based? Are international P2P crypto exchanges working in your country? Any government can choose to ban crypto exchanges but as logn as it is not a blanket ban, things should work!