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.
I'm not sure if you're Nigerian, but the same topic has been created on our local board. But let me respond to your question. In Nigeria, our government has no other good reasons for trying to delist our local currency from P2P trading. I wonder how p2p causes naira manipulation. Based on your question, our government is not doing the right thing because they've been trying to ban cryptocurrency in Nigeria for many years, and is impossible. This year seems to be different from previous years when our government banned Twitter in Nigeria, but it was later unbanned.
Our government refuses to see the challenges that we are going through in the country, they are unable to fight for our right to a better living, all the strength they have is to fight against Cryptocurrency, they want to ban anything associated with it. Even our local banks have informed us, that any account associated with cryptocurrency trading would be closed. They believe that's the best way for Nigeria to improve.