TechFlow reported, citing Cointelegraph, that Binance has implemented a price cap on USDT in its Binance P2P platform to comply with local regulations in Nigeria, and is cooperating with Nigerian authorities, lawmakers, and regulators to take action against users violating the price cap.
The initiative highlights that speculative activities have played a significant role in devaluing the Naira, exacerbating inflation, and contributing to economic instability in Nigeria.




