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.
The Nigerian government have not officially banned Nigerians from trading in Naira on cryptocurrency exchanges, but they are systematically targeting the exchanges and "forcing" them to delist Naira from their platforms, they have also warned banks in Nigeria to block accounts that receive funds from a crypto transactions. Thus i think the ban is inevitable or maybe this might just be a temporary attack.
That being said, the government are not leaning towards curbing money laundering, but rather they say they want to cushion the volatility of the Naira, and they claim that Naira speculators on these exchanges are guilty of price manipulations that is affecting the Naira. This is not entirely true per se, as the Naira and the Nigerian economy suffers due to far more serious problems caused by the government itself, but it is what it is, and as long as you live in a particular country, you must abide by its laws.