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Nigeria to Ban Person-to-Person Crypto Trade in Battered Naira
Nigeria vowed to ban person-to-person cryptocurrency trading in the naira, taking its latest step to corral an industry which the West African nation blames for harming the battered local currency. Securities and Exchange Commission Director General Emomotimi Agama also told a meeting with fintech professionals on Monday that new rules would be rolled out “in the coming days” covering crypto exchanges, digital asset custodians and other corners of the sector. “The thing that needs to be done is delisting the naira from the P2P space in order to avoid the level of manipulation that is currently happening,” ... (full story)