The Nigerian Government has disclosed plans to delist the Naira from all peer-to-peer, P2P, platforms.
The Director General of the Securities and Exchange Commission, Emomotimi Agama, made the government’s intention public during a virtual meeting with blockchain stakeholders on Monday.
According to Agama, the decision is aimed at tackling the manipulation of the local currency’s value in the foreign exchange market.
In recent months, Nigeria’s regulatory authorities have been investigating and scrutinising cryptocurrency exchanges.
The situation led to the stoppage of Naira Services on March 8, by the biggest cryptocurrency exchange, Binance.
