BREAKING: FG to delist Naira from peer-to-peer platforms amid FX Crisis

BREAKING: FG to delist Naira from peer-to-peer platforms amid FX Crisis

The Federal 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, revealed this intention in a virtual gathering with stakeholders in the blockchain industry on Monday.

This strategic move is designed to address the manipulation of the domestic currency’s valuation in the global currency market.

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The regulatory bodies of the nation have been engaged in inquiries and examinations of digital currency trading platforms in recent times.

The largest digital currency exchange, Binance, ceased its services involving the Naira on March 8.

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