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Headline : Exclusive: P2P crypto ban imminent as Nigeria calls crypto a national security issue

Read more from the original article on here at techcabal.com.





Tags : #exclusive #p2p #crypto #ban #imminent #nigeria #calls #crypto #national #security #issue


No. of Paragraph 15

Image source: Techcabal

At least three Nigerian fintech startups—Moniepoint, Paga and Palmpay—will block the accounts of customers dealing in cryptocurrency and report those transactions to law enforcement after Nigeria’s National Security Adviser (NSA) classified crypto trading as a national security issue. 

That designation means a new crypto regulation that will ban peer-to-peer trading of cryptocurrencies is in the works, said Tosin Eniolorunda, the CEO of Moniepoint. 

Another person with knowledge of the conversations told TechCabal that a regulation to ban p2p trading will soon be made public. 

Read more from the original article on here at techcabal.com.


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