Binance revealed its commitment to P2P users in Nigeria, cautioning against manipulative behavior and stating cooperation with local authorities.
The crypto exchange imposed restrictions, including disabling the sell option for Nigerian users, capping buy options, and halting P2P cryptocurrency purchases.
These measures align with efforts by the government, led by Tinubu, to curb the naira’s decline amid ongoing concerns about speculative activities in the foreign exchange market.
The National Security Adviser and the Central Bank of Nigeria are collaborating to address challenges impacting economic stability, particularly the depreciation of the Nigerian naira.
