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Dollar: FG to Delist Naira From P2P Platforms

Posted by Thandiubani on Tue 07th May, 2024 - tori.ng

This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market.

The Federal Government has said it will soon delist the naira from all peer-to-peer (P2P) platforms.

The disclosure was made by the Director General of the Securities and Exchange Commission, Emomotimi Agama in a virtual meeting with blockchain stakeholders on Monday.

This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market.

The country’s regulatory authorities have been investigating and scrutinising cryptocurrency exchanges in recent months.

On March 8, the biggest cryptocurrency exchange, Binance, stopped its naira services.