TechFlow reported that Binance has removed peer-to-peer (P2P) trading functionality for Nigeria's currency, the Naira. Nigerian Binance users have expressed dissatisfaction and concern over the move.
The P2P feature allows users to trade directly without third-party involvement. Binance has come under scrutiny from Nigeria's Central Bank, which is concerned about potential "suspicious fund flows."
It was reported that the Office of the National Security Adviser has detained two Binance executives in Abuja. Local cryptocurrency analysts expressed disappointment at the government's hostile stance, arguing that authorities should focus on manufacturing and exports rather than cracking down on cryptocurrencies.
Add to Favorites
Share to Social Media
