Quote from: Coyster on May 10, 2024, 06:39:45 AM

Local vendors make sense for people wey don dey trade with them long before this issue even start, but for person wey don dey trade with only global exchanges, e go hard for them to find local vendors wey dem go fit trust. If more members of our local community here fit dey run this local currency exchange, then e go make sense pass, Brainboss are you still a local vendor?

If not for this ban from one exchange to another, I think local vendors weren't even available. So many people that were doing local vendor before Binance P2P became the next big thing weren't having customers like that and some of them were afraid of receiving taint money but since exchange usually are the right receiver of customers funds into their got wallets, they all became p2p merchant but now that the government is not providing safe zone for crypto and yet they want tax, vendors are going to be the next banger.

I understand OKX situation and I'm very sure that it's about tax. Nothing was officially announced why they are leaving the Nigeria crypto space but definitely it has to do with tax and some settlement because if Kucoin can still maintain Nigeria and officially want to share trading fees as tax with the Nigerian government then I'm sure that I OKX has the resources to stay in Nigeria but the terms didn't favor them and they are now leaving. Only lord knows what is going to happen if P2P is finally closed on Bybit. Cry