Bitcoin Forum

If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.

https://www.talkimg.com/images/2024/05/03/rY8XG.jpeg

E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.

This is just becoming more annoying, they are going for the top exchanges, maybe soon Bybit will just do the same, I really will like to know the essence of all these.
Actually this changes was probably done today because I still remember doing p2p there yesterday. What annoy me most in all these is from the fact it is clear this is not the main problem in our naira devaluation.
I think that news earlier this year about the unbanning of any crypto related transactions from CBN was just to lure others in order to do this because the way they are acting now is way off from those who support cryptocurrency adoption.
Thank God fee is currently pretty low, we can try using https://peachbitcoin.com/ or any other DEX from here https://kycnot.me/

That is why decentralized exchanges are existing. The liquidity is small but I believe as naira P2P is banned on centralized exchanges, likely the liquidity on decentralized exchanges might increase.

We have incompetent government and regulators. They should continue to tackle their incompetence in a wrong way.

Yes, this morning, the news is not everywhere yet, but you can find it on Twitter. So many people were trying to trade crypto for Naira on OKX this morning, but they found out that they couldn't do so, after inquiring about it in OKX's official "Help Desk" page, they got the information i posted in the OP.
So incompetent, our government no know wetin dem dey do, and it is very typical of them to go after things that are not the cause of the actual problem.

Well today very early in the morning I was trying to see how I can some p2p trade I noticed my app wasn't loading correctly so I had to go back to play store to update my app, after which I tried going back to the p2p trade all to my noticed I found out that NGN has been disabled and I was like what's really happening here. Which way forward our country people, if time not taken same thing will be applicable to the rest exchange and please could you guys ref me the best place to buy NGN.

It is worth knowing that the removal of naira P2P on OKX is not the cause of the exchange app not to load. There are sometimes the exchange app may not load. Although not common. I mostly experience that on Binance.

But sometimes if I uses VPN I got it easily accessed without even incurring much difficulty.
Yes, Binance during their period if removing p2p priors to their notice I keep observing that the app has been malfunctioning like not allowing Nigerians to have smooth access to the site, that was then a friend told me to download VPN after which it works smoothly without evening keep loading the window.

Another one down; which one is next? It's just a matter of time before they finally reach all centralised exchanges and disable anything that has to do with NGN on their platform. They are on the losing side if they don't even know it, and their way of tackling all these things won't bring about any positive change. 
 
Just like they did last time they banned crypto, there has been the rise of P2P trades on all platforms, so if they eventually succeed in getting NGN trade off the centralised market, then people will start fully using Dex.
 
There will always be a way, and when they want to regulate all these exchanges and want Nigerians to use them back, it will be way too late for them as better options will already be adopted by Nigerians.

I don't know why the government continue to see the wrong vision concerning the win of the naira currency with dollar gaining momentum steadily, this is not about the crypto exchanges, they are not the ones causing naira devaluation against dollars, the country economy is bad and if nothing is done to tackle on this, things will always remain the way they have been, stopping the use of p2p will not be the end of the use of USD in Nigeria, there are many dependencies in the economy whereby we make use of the foreign exchange in achieving them, including the ones being under the control of the government, they also have to use dollar in some certain extent.

I raised alarm about some duvious  movement (https://www.altcoinstalks.com/index.php?topic=320938.0) on the p2p marketplace on the other forum a few days ago - there are few p2p Marchants ( could be Govemment agents) coming on these marketplace to set a ridiculous rate to score cheap point and to have reasons to go against these platforms.. there was this Marchant who set his buying rate at N1,500 while the official black market rate was between N1,300- 1,350.

I suspect something like this would happen - the Govemment and Nigerians are careless about everything. Tbh.

The Government doing everything possible to make crypto seem like the culprit for the worsen economy. One thing I learnt from the Binance P2p shutdown was the fact that the problems in the country span far beyond P2p market. The economy is generally weak. They're going to go after Bybit next. It's no brainer at this point. I would be pleasantly surprised if decentralized p2p markets come up and govt tries to attack them too as they have done the centralized ones without knowing it's not going to work.

After Bybit is taken down, we'll go back to WhatsApp and TG groups before decentralized p2p markets make their stand? It needs to happen soon.

Decentralized exchanges are there ready to use but the volume is extremely low for Naira p2p trading since most Nigerian do not know much about DEX exchanges and how it works - CEX makes p2p very easy and safer that's only reason it's more popular.

Back to the old traditional p2p ? Money go loss oooo, the only best way I see is Bitcoin to gift cards then trade it to Naira.

There where speculations that the platform was used to manipulate the usdt p2p market and if this is true, I support the motion that they willingly exited before the government comes for them because they are making USDT/NGN trade as a tool for manipulating the FX market and this is pushing the government to finally make crypto an unfriendly environment. Yesterday, moniepoints announced that they are going to be suspending any accounts engaging in crypto transaction and today, Opay released the same memo, this is giving crypto a bad name.

I just think that Tinubu government doesn't want to be too strict because of his reelection in the second term, if all this naira manipulation were to be in his second tenure, they would have ban crypto but for now, they are playing politics.

E dey very obvious say our government never still know we're dey pain dem for body. Them just wan use this crypto wey men take they guide as excuse to their own failure. I no even understand where this country politics sef dey go, I think say the senate been talk about the government sending negative signals to the international? Now where them dey wey all this thing's still dey happen, Abi them don carry money block their mouth? Anyway Na God go help us for this country oo. My prayer Na be say make e no just affect the remaining exchange wey dey come join this mempool congestion wey dey ground oo.

I think gift card is part of virtual asset and at that the government will still be after it trading too, but btwn Nigerians will always fine they way around,  and just as you said it will take time and high risk, but since the government have decided to do a selective fight to recover the worsening value of the naira and choosing exchanges as major target I think it certainly sure for us that we are going to witnessed a tough time ahead and soon all the known centralized exchange will  delist naira from their trading pair.

Much more also the eas of carrying out p2p transactions I going to be greatly effected but you know our government with lack of followup on policies so very soon their going to choose other sector to take their fight to when the discovere that cryptocurrency trading or even the USDT is not the problem and reason for naira weak value.

Since e don dey obvious say govt want shut down crypto currency activities for Naija. As a great leader wey you be 4 diz forum,Wetin go be your advice to your fellow bitcoiners as d matter don be like diz.so that make person no com fall victim for diz our wicked govt hands.

They should have observed that as well but because they are incompetent they choose to play ignorance and continue to blame the P2P market for their incompetence in handling the economic situation of the country that has been handed to them. Even the past administration did not do this much.

The gift card method dey sharp because many vendors still dey wey dey buy gift cards. But will our government not suddenly plan something against giftcards?

We go de alright as far as we set our pass well. God go help us because the life de show us real pepper. Our government don finally comot food for people mouth this year. Weytin be their problem sef? Because I no just understand how the whole matter de Waka. The government have succeeded in banning P2P on binance and now they've focused  their attention on OKEX. How P2P merchants go de survive now? Life for Nigeria no friendly at all but as things de go roughly, make we no give up but focused on the main objectives.

Make we dey calm for now, no rush go sell all your coins because say our government don dey very hostile to crypto. Some centralized exchanges still dey allow crypto to Naira trade on their platform, wetin dey fear me pass for now be say our government don instruct banks to block accounts of any user who is involved in crypto transactions and to expose their personal info to them.

That being said, make everybody begin learn how to trade in decentralized exchanges, because that could be the only option pretty soon, but even then the fear would be that we don't get our accounts blocked one day, but it will be hard for them to prove that you were involved in a crypto transaction.

All in the bid to protect the Naira wey dem too dey follow bring down. How many of the government officials dey spend Naira or use Nigerian goods (if there is even Nigerian goods) . I hear of a governor that doesn't spend Naira even before he was made a governor, so that means that kind person wey no dey spend Naira for the country follow dey bring the Naira down. It is not enough to begin close shop for P2P trading just because you feel say people dey follow hype dollar against Naira while dey themselves dey run after dollar in all their transactions. This no be fair treatment to the Nigerian public and P2P traders now don begin see food comot from their mouth. Except na to go begin use decentralized system but me I no see say all these blocking and banning of Naira P2P to be the solution. Make them fix the economy but they are very inept to do that but only to carry inefficiency dey victimize Nigerians.

The matter weak me, instead of the govt to adopt innovations and support Crypto them wan bring am down, but it's well, other options still da ground. Na Bitget P2P I mount put and their rate solid too. Make we da see how e da go .

The only problem on decentralized exchanges is the trading volume liquidity. Also that most people find zero transaction fee easy as they leave their money on centralize exchanges and only making money from the centralized exchanges P2P. On decentralized exchanges, there can be service fee and onchain fee.

Centralized exchanges are not safer if traders know what they are doing. Decentralized exchanges also have escrow and disputes are solved also just like how it is on centralized exchanges. Trading bitcoin for gift card and to naira is not profitable like trading bitcoin to naira directly.

Anywhere they carry us go, na there we go go, no stress. Weytin the government de plan sef? I just tire because weytin the government de do no goes well at all. First it was Binance and now it's OKX, what's actually going on? Because me no understand again oh. I know say the Government de blame these crypto related exchanges for the depreciation of the naira currency, perhaps e reach to wonder for the kind high level of fluctuation wey de go on.

Rightfully thinking we have to understand that no firm like the exchange platforms would for no reasons just decide to delist any fiats of a nation from their trading platform.
 
So it is quite obvious that the governments must have such demands of which the exchange would have no choice than to succumb to the order of the government else the exchange would be termed breaking of the law.

Our government is just being wicked upon the citizens. While we were counting Binance and the OKX to had been disassociated the P2P from their platforms, something phishing was tasted tonight while I was on trying to make trading transaction using the Kucoin exchange.
I noticed that which ever bank I inputs in the platform as a method for payments, I am being alerted that the exchange does not support the selected bank which I thought it was the few I tried.
But that prompted me to kindly enroll on all the available banks in both commercial and Fintech banks that were listed in the exchange but it keep repeating that it doesn't support any of it.
That is to say Kucoin has been affected too denying Nigerians from their P2P. So bad.

No be lie, make we no forget say, people way Dey lead for this government na people way don dey from a time way we never get the kind advancement in technology as we get am today. Else, why wouldn’t they see the importance of a nation with a fair policy with cryptocurrency and learn from the results of previous ban attempt. E dey surprise me shah, say successive government dey pursue the mistake of previous. Them don launch CBDC and e no work, hope them no get the idea say, this go make people turn towards CBDC with this pattern shah.

To trade with centralized exchanges these days don become too difficult, it’s either the government dey ask one thing of them or the exchange dey ask for some KYC document or something close. Anyhow e be, things no go too chnage although, as e dey hot for now, everybody need play safe.

It's sad to see this happening in Nigeria. The government is fighting a losing battle by attacking crypto instead of embracing it. I'm so glad Bitget P2P is still available for Nigerians. I've been using it without any problems, and the merchants are much better than those on Binance or OKX. Even if you do face an issue, their support is quick to help. Plus, you get better rates imo.

I could remember how I was stuck some days back when I tried to trade by withdrawal to my local account. It didn't work with the notification that all banks and Fintech banks no longer support cryptocurrencies transaction.
I still haven't gotten that cash till the moment of writing this comment and I have grown pretty concerned about the issue that government is fighting tooth and nail to control.

Abi make Dem deport us or import us to another country o, because me no understand why work no dey and Dem still dey try lock down cryptocurrency space wey citizens dey eke a living from. It's so absurd.

So far I have not known how to withdraw my funds or trade with all this ban on the NGR market and centralized platforms. It would have been better to just regulate cryptocurrency use and let us take care of ourselves since they care little in providing the needed amenities and job opportunities and aid to the citizens who have grown reliant on cryptocurrencies trading and earning for survival.

Not, it's a digital assets for digital payments and not in anyway crypto related but the only disadvantage here is that gift cards are trade at a very low rates compared to crypto since we would be dealing mostly on the E-code which is usually lower than the physical card. Not a very convenient route tbh.

This is no longer a secret warning, the Nigerian government through all their possible actors and agencies is fighting the exchanges in the open. Only that some exchanges are more adamant than each other because by now I believe they must have served all the top-rated ones their dissatisfaction and warning to desist from providing the services that are NGN-related. But still, many of them are still providing the service, let's see who's is next.

Besides, the Nigerian government has taken this matter with a kid's glove, they are not just mature about their approaches. Regulations, I mean a strict one is the solution here, or don't they know that we will always find alternatives to do our P2P thing? One way or another, our cryptos must be exchanged whether they like it or not, this is even as we are finding opportunities to make extra money in the tough economy they've created for us.

As it is now, I think the new SEC's DG, Emomotimi Agama may be going somewhere now with the virtual meeting planned between himself and the blockchain and exchange business in the country. I even heard the foreign ones are invited as well (https://punchng.com/crypto-regulation-sec-chief-to-meet-foreign-local-crypto-exchanges-others-monday/). The meeting has been rescheduled again to a later time today which means it is serious and will hold (https://punchng.com/blockchains-industry-meeting-with-sec-dg-rescheduled/).

Let's see how things unfold even as Nigerians are not panicking due to the threat by Fintechs to block people's accounts. Cryptocurrency is legal in our country, period! It's the government that should fix the economy and find the means to bring in huge FX to stabilise the exchange rate. I hope the new DG will be wise enough to regulate and not do gragra like EFCC and CBN government that are clueless about the whole issue.

The CBN and FG can easily handle this by removing the ban on the Naira card for internationally shopping and purchases, allowing us to trade and buy Bitcoin at the CBN rate, as it was during the Goodluck Jonathan administration before Buhari took office. I doubt anyone would use the black market rate if the rate for card transactions was 1,100 or 1300 (or whatever rate they deemed appropriate). This way, the black market will be unaffected because no one will go there since the CBN rate is better.

Allow Naira withdrawals from exchanges at the same CBN exchange rate as before. P2P only became a trend once exchanges stopped accepting withdrawals and Naira cards. If we could get all of these things back to exchanges, Naira P2P would decrease and the supposed "Naira manipulation" would cease.

I'm still following up the SEC meeting News, nothing in the News yet.

Many at times I do wonder why our leaders leave necessity and go after the infinitesimal problem of the citizens, this issue I face as I nearly get depression thinking is a my phone network, or my app not being updated on the Kucoin exchange, u check back if my verification have issue but no issue but realized that this P2P problem with naira is the course, most of the exchange is finding it difficult to allow naira using P2P this actually will slow down our transaction but I strongly believe there must be a way out us very disheartened to say they way out leaders are going about certain issue it will even bring down the economy more than allivate it .

The Nigerian government must have secretly warn them because in the case of binance, we saw what transpired between them and the government before p2p was banned on binance exchange. So OKX must have been secretly contacted and we don’t know what transpired between them to take this action without notice. The remaining exchanges will be at alert maybe they can also delist p2p soon as this is a war against cryptocurrency and Nigerian Naira.


Most of the fintech banks don already release circular to their users not to trade anything cryptocurrency through their platforms as their accounts go dey blocked and dem go repot them to relevant agencies which is d government. Wetin you no create, you no fit kill am na him be the case of Naija and cryptocurrency now. Dem go just dey strict and penalised those wey dem see say transact anything cryptocurrency. I hear rumour say any account wey dem block go take 6 months before them unblock am but I no know how true that one be yet.

If the worst happened, then everyone will then migrate to the use of a decentralized exchange for their usual daily trades where they will not have to undergo any kyc challenge with the exchange or the government regulation for policies and regulations, this is my opinion anyway, a suggestion we may all want to go for after the realization of all that is happening with the government and the crypto networks.

I been never notice this news on my okex news feed, I still dey conduct p2p trade on my okex app and no restrictions, I just made successful p2p recently on the 4th of this month maybe the news never dey effective.

https://talkimg.com/images/2024/05/07/rgzTm.jpeg

If our government want make this thing hard for us, then this could bring us down in our crypto engagement with other world enthusiast tbh, although other reputable alternative exchange like Kucoin, Huobi and Bybit dey conducts p2p trades. I've traded p2p on Huobi once but the time given to buyers to pay is approximately 48hours to make payments, that's shitty.

Well, their mismanagement of the economy and the commonwealth has put us all into this mess and now they are blaming dealers, exchanges and the P2P. Besides, the reason why they can't allow our bank cards to function as you said is because they do not have the FX to fulfil such international obligations which is gross and so annoying. And even if there was an option like that, someone like me would never go for it because it would be cheaper and can't mean a good business for me. I would rather locate a parallel market as it is in all countries of the world, only that our country missed it from the beginning which is why things are burning this way.

However, the P2P initiative is not the issue, the government through their poor reasoning and action believe it is, but it is not. Imagine, if the country is doing well and there are four places you can exchange your crypto which are; 1. Official/bank, 2. Parrallel market/BDC, 3. Normal local exchanges, 4. P2P. These mediums will merely quote their rates and anyone interested in such rates and the service they render will go for them without any issue. The P2P is working fine in every other country of the world, so why is Nigeria's situation different?

The government are just clueless and I wonder how P2P will be the only issue when there are still other three channels quoting similar rates with the P2P. This is the problem we've been facing with the country from the beginning, they never have any solution to problems but just proving smart. As for the news, just do not waste your time, it was never a good one, it's another waste of chance by SEC.

I for say I see how this go increase in time because, these na things way fit bring a shift for other available options but the matter be say, na only us Dey suffer and complain this thing now shah. If na on a global scale, things for change wella to a more decentralized option of transacting.

I never use decentralized exchange before although I don hear about am many times, the fact say e no deybuser friendly like that no really make an option but, that na via say, we never Dey forced to use it as an option like we Dey see in recent attack on cryptocurrency services by our government.
One thing I know well be say, Nigerians go always find a way, so government no fit undo the process finish.

On decentralized exchange, how the dispute system Dey be like, which people Dey act as support to issue resolution?

You did not make this transaction on the 4th of this month, take a good look at the order time, it was on the 23rd of last month, and at that time trading in Naira was still available on OKX centralized exchange. They delisted trading in Naira on the 3rd of this month, and since then it is no longer possible to trade in Naira.

So like this now, peso no go fit trade p2p for Binance and OKX for upto 8 years. I thought that at the start of Tinubu regime, em been d in full support of crypto(cos em be drum em support for crypto during em campaign period), neither do we not know that em own tenure go worst pass the previous government wey kicked against trading with the banks.

Now coming to his own, em come be say he is coming against crypto exchange directly not only the banks. That's how wicked our government can be to its citizens. Acting nicely before they take power, after they must have taken power they begin to act strangely and give annoying implementation of law that will affect its whole citizens.  Anyway I no blame this government sha since they can wake up any given morning to implement wetin no d necessarily into law without making enough findings of wetin d wan implement go be in favor of its citizens or the real cause of the country palava. How on earth does p2p trading affect the naira valuation wey be sae we use more of imported goods and services than our own. Petroleum wey be our own, we refine it in another country and import it back to home(Nigeria). That's so pitiful to reason about sae no single refinery for our country. And the government of the day expect make dollar to naira no increase. That one no be juju

Most dispute on Decentralized exchanges comes in three steps. ( Trade chat, the mediator and the arbitrator).

There is a  trade chat option for seller and buyers to have a discussion and try to settle their dispute without needing the mediator. If both parties can't get it resolved either of them can use the "report to support" that's the mediator, the mediator serves as the third party if the traders are not pleased with the mediator suggestions, they go further to the arbitrator ( but is an unlikely situation). This is where the arbitrator set a time lock and once this elapsed the Bitcoin in escrow is sent ot the donation address on the website..... Story for the gods at this stage...

The rate at which our Nigerian government dey go after crypto stuff this days is really becoming alarming and unfair to the Nigerian youths of now our days whose main source of income are either crypto trading or crypto buying and selling on these bigger exchanges,  because if you could vividly look into this case, you will notice that the real people who are into this money laundering are still the same politicians & CBN executives who are enforcing this laws. But one I know for sure be say even if government try succeed to block NGN p2p trading on all angles, Naija boys go always find a way out even if eh go cost us more fees.

If dem delist trading in Naira on every centralized exchange wey dey available to us, then we go either begin trade in decentralized exchanges or we go begin use local vendors, the thing be say using local vendors dey very risky and vendor wey you trust today, fit carry your money run tomorrow. As e be now, we still get a few centralized exchanges wey we go fit use, and make we hope say things won't get worse than it already is.

And apart from those decentralized exchanges and local vendors, there are still other many alternatives in which I dey pretty sure boys go fit dey execute BTC to fiat transactions, and by that I mean either trading/selling BTC for US dollars or British pounds, and then converting our US dollars or British pounds to Naira, sharp.. But one thing I go like be say make people no loud this format, just the same way they were able to immediately expose other means of trading NGN immediately Binance was banned on Twitter, hence, making government know about those exchanges, and now NGN have been delisted.  So if only we fit keep things secret, eh go hard government know our next move.

Local vendors sharp pass dex if you ask me, na just to get a trusted person and you dun dey trade with peace of mind. I still dey wonder why decentralized exchanges wey get Naira options never begin dey trend self. This things dey easy to do na just say person no get the coding experience to execute am. I think say we get entrepreneurs for the country, if na fiats now we for dun dey see dem begin dey launch different app but no one wan launch crypto own. Only God knows the kind money wey anybody wey launch a well designed sites for decentralized Naira P2P trading go make for this country.


Trust Nigerians na, we go discover a new means of trading Naira/USDT soon if the government like make dem block all current means of doing that. Person wey dey away self fit use am as him own hustle to dey do P2P wey be say we go just dey send dem USDT or USD and dem go convert am there and send us Naira back. Anyhow wey the governments like make dem do but boys go always find way to use dey alright last last.

My concern most times about cryptocurrency and the way the government is going about it in the country is that the officials making such drastic decisions to limit NGR P2P trading and other services of some exchanges, may be spies on many of these crypto communities like this Bitcointalk forum and even trade, HoDL or have investment that is crypto required, incase they do happen to go abroad for their shopping spree and expensive vacation and want to feel like the rich, by spending BTC or cryptocurrency for purchases during such vacations to Crypto currency countries or for conclusion of business deals that they may not want others to know so much about or keep track of, overseas.

Still, I think some centralized platforms still allow P2p trading and conversion for USDT /NGR pairs  as much as they can allow withdrawal to the same local Fintech and commercial Banks. One good one is Bybit, kucoin I think also allows NGR P2P trading and if e no work, make una try VPN weda tins go clear.

Local vendors make sense for people wey don dey trade with them long before this issue even start, but for person wey don dey trade with only global exchanges, e go hard for them to find local vendors wey dem go fit trust. If more members of our local community here fit dey run this local currency exchange, then e go make sense pass, Brainboss are you still a local vendor?

Does the 48-hour time frame apply to all vendors automatically? - I know that trade timers are usually set manually by vendors, and it is up to customers to trade with merchants at a convenient time. The highest I've seen is 60mins, and they are huge volume merchants with great demand, so the 60-mins window is the only way they can accommodate all of their clients. Personal If your trade time exceeds 30 mins I will not accept to trade.


Nobe VPN matter be this - If Naira pairs are delisted from the exchanges by the exchange operators, using VPN is not going to do you nothing.

Like I'm tired of reading all this kind of nonsense news from our country, like what is really the target of this administration? I don't think they're coming out with their real intentions why they're doing all these, I kind of think this is witch-hunting, basically because of our participation in the 2023 general elections. They've succeeded in causing price inflation and increasing the price of everything, yet they are not satisfied, I think there are more to this, now people that work online where crypto has made it easier for them to get paid would now begin to find it a bit difficult to exchange their funds if eventually they shot all the P2P access to Nigerians, Well, this is Nigeria for you…worst-case scenario we jakpa go crypto-friendly countries.

There are several exchanges in the Play Store where you can perform your p2p transactions after Binance stopped NGN p2p, which I switched to and they still stop, and now I use bybit to sell coins to naira. Whatever the government does, I believe they will still have another means to trade peer-to-peer. No one knows which exchange our government will stop doing p2p next anyone that is just available you should just run your stuff because things are getting worse about this crypto in our country that is putting some of our accounts at risk, we just pray that things get better soon because I don't know the main reason why our government wants to stop us from making money online, since they is not enough job opportunity for the youth definitely they need to find another way to get money to survive. anywhere our government follow to stop us we go still get another way to do what will help us to run our stuff in crypto.

Nigerian government just de try to shift di blame of di dwindling economy ontop crypto matters, how p2p matter for exchanges take follow cause di high cost of everything for di country. First na Binance, no na okx, I wonder di next exchange wey dem go disable naira wey go make di economy to de better, di people just de confused and dem de look for scapegoats to blame for dem bad governance. Crypto na industry wey many Nigerians de take de survive, and now dem don de put stumbling blocks on top, before long we go go back to di days of government officials wey de harass young people wey de into crypto business, wetin de happen na very wrong signal for Bitcoin inside dis country.

All of us know say our government dey clueless, but this has nothing to do with the General Elections or politics. This issue stems from the fact that our government have failed in managing the economy of our country and now they are looking for any available scapegoat to put the blame on, and crypto traders are the unluckly ones at this point; it is as straightforward as that.

This has been the news on the Google Chrome pop up news everyday that Nigerian government is planning to remove or stop the p2p trading from all exchanges in the government. And delisting of p2p in the centralized exchanges have not solved anything instead dollar is increasing day by day so their fighting against dollar rise is a vain so why can't they rechannelled the fight to other areas tlso that they can do well. They are deceiving us that they fighting dollar but they are the ones do the exchange so who is fooling who here?

Let see which of the exchange will go down again after the OKX. Nigerian government should employ the youth to work with them, to advise them what to do. The Youth is more knowledgeable than the old cargos.

This matter don already tire me sef, for now me sef I just dey wait on the next possible exchange wey dem go attack became of this thei nonsense shift of blame because na dem be the major cause of this whole matter as na dem actually make the naira fall drastically against the dollar so that dem fit use the gain pay their dues wey don plenty plenty well well .

Well this issue is really disturbing but like you have said of local vendor the risk involved is what many trader will fear most. But come to think of how the government is shifting the blame on people engage in crypto without looking at the root course of their problem is deeply painful, even at the point of most band still face the level of rise in dollar is typical show that it's not crypto that is coursing the problem but since our leaders always work against to witch-hunt they will persist.