Quote from: Gladitorcomeback on May 07, 2024, 05:40:11 PM

Governments don't care about what citizens think about their decisions, they don't care whether it's the right thing to do or not, they make decisions that will benefit them or won't affect them having more power and control over their citizens, and to be precise, this is mostly happening in third-world or developing countries where governments aren't able to accept cryptocurrencies and they are always looking for excuses to keep them away from their countries.

This money laundering and criminal activities and stuff are nothing more than excuses they make to make people think that they are protecting them but the reality is different and those who are involved in cryptocurrencies and use them understand that they are trying to suppress them doing this.

Exactly the point, all Government care about is themselves and are not bothered about what the citizens think or want they just want to have total control over everything and are bringing up excuses of money laundering just so they can have a reasonable excuse to shut down p2p and Crypto trading in the country. They also went as far as instructing banks to block every account that carryout any form of crypto transaction this just proves how negatively they think of cryptocurrency and are doing everything possible just to shut it down totally but i don’t think they will succeed, all they can do is try to suppress it but they can’t stop crypto transactions totally and i feel all this is just for thee time being. What is happening to the country is far more beyond cryptocurrency being the cause of the currency being unstable but the government is not ready to tackle more serious problems.

Quote from: electronicash on May 07, 2024, 06:49:54 PM

i'm just not sure if the information i saw was true because their government still allows p2p from Bitget and some other local crypto exchanges.

The information you saw are true, p2p have been banned and few exchanges as you mentioned Binance and OKX have stopped Naira trading on p2p and according to news the government will attempt to stop Naira trading on every centralized exchanges gradually so for now there are still some exchanges that allows p2p trading of Naira.

The reasons government is giving are all excuses because despite Binance and OKX delisting Naira from their p2p trading platform the Naira/Dollar rate doesn’t seem to be dropping instead it’s still rising. This shows p2p trades is not the reason behind the drop of value of Naira.