According to reports reaching Ogbonoblog, the federal government of Nigeria recently announced a total clamp down on major P2P platforms in a bid to strengthen the naira.
Recall we had earlier reported some months back about the governments decision to suspend major crypto exchanges in naira including Binance.
A brief check conducted by our Chisom Samuel shows that cryptopcurrency trading on the binance platform has been blacklisted, with no access whatsover to any of its services.
According to major crypto analysts, the Nigerian government intends on making the naira hard to find, thus increasing the value.
In orther news, the nigerian government has once again sternly warned its citizens against performing crypto transactions via local bank.
In a short memo sent by top financial institutions including Opay, Palmpay and kuda, anyone caught doing such transacions would risk forfeiting his or her account.
