The Director General of the Securities and Exchange Commission, Emomotimi Agama, stated this during a virtual conference with blockchain stakeholders on Monday
This is projected to be included in a series of regulations scheduled for rollout in the upcoming days.
This resolution seeks to tackle manipulation of the local currency’s value in the foreign exchange market.
Agama said: “That is one of the things that must be done to save this space. The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.
“I want your cooperation in dealing with this as we roll out regulations in the coming days.”
platform that is tired can pack and go.“
“Short myopic people are thinking delisting Naira will help the naira boom, economic/currencies growth is not rock science, if the federal government do the right thing in creating jobs and promoting production, creativity and innovation, the naira will boom.
“The strongest economies in the world have their currencies traded on all peer 2 peer platforms across the world, because advanced country understands the principle of globalization and how blockchain technology will transform the world but instead of my country to adapt to what is ahead of us that is already with us, they are fighting it.
“I don’t know which government has ever fought technology, advancement and have won. Blockchain technology has come, the government should be thinking of making naira a digital asset.“
@FRACUMZY wrote: “First it was Binance, now p2p gone, landmark beach gone, any solutions? no. This government wants youth to go back to the Gun days, unemployed just increased. If you are a good tech investor, now is the time, create a p2p trade platform, make it anonymous.“
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