Foreign media: Nigeria may ban P2P cryptocurrency transactions

04/05/2024 11:17

According to local media reports and sources, Nigeria's National Security Advisor (NSA) has labeled cryptocurrency trading a national security threat and is about to crack down on P2P cryptocurrency trading. Prior to this, at least three major fintech startups in Nigeria (Moniepoint, Paga and Palmpay) decided to block accounts involved in crypto trading and report such activities to law enforcement. Moniepoint CEO Tosin Eniolorunda said that the NSA classification is expected to pave the way for new regulations to ban P2P cryptocurrency trading, and the official announcement is expected soon. (CryptoSlate)

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Foreign media: Nigeria may ban P2P cryptocurrency transactions

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