BREAKING: NIGERIAN GOVERNMENT CLAMPDOWN ON CRYPTO CURRENCY CONTINUES.
P2P exchange rate concerns!
Last week, the Nigerian government restricted access to the online platforms of various crypto firms, including Binance. The regulators argued that this would prevent what they perceived as ongoing manipulation of the foreign exchange market and the unlawful movement of funds.
However, as is well known in the crypto industry, the exchange rates on P2P markets are not controlled by crypto exchanges — rather, the rate is the price at which two individuals agree to trade their assets.
This will make it the second time in few years the crypto currency industry has come under attack by the establishment.
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