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Author Topic: Federal Government Plans to Delist Naira p2p on Crypto Exchange.  (Read 403 times)
Igebotz
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May 08, 2024, 02:21:20 PM
Last edit: May 08, 2024, 03:07:31 PM by Igebotz
Merited by hugeblack (4)
 #21

Apart from Binance and OKX, they were other exchanges that have removed their p2p trading link from their app or website. And the government k ow what they are doing and from the comment I made just know, it shows that the government know everything about cryptocurrency and they want to regulate the cryptocurrency market in the cryptocurrency but it is difficult foe them because the companies that trading cryptocurrency in the country are not from Nigeria.

And one thing I believe that even if they stop all the exchanges to delist p2p we will still have another means to trade our coins.

Before Binance and other big crypto came into play, Nigerians were trading p2p, did my first P2p in 2015 thus we're basically going to go back to the social media p2p marketplace again. The government is making a huge error by sending Nigerians back to unregulated social media p2p, where any vendor can control the price he wants to sell for.

Some decentralized exchanges may wish to take advantage of this to develop a platform for Nigerians as well, so whatever happens, p2p will always exist.

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Mate2237
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May 08, 2024, 03:00:50 PM
 #22

Some decentralised exchanges may wish to take advantage of this to develop a platform for Nigerians as well, so whatever happens, p2p will always exist.
You have just said what I discussed with my friends some days ago that Nigerian will launched decentralized exchanges which Nigerian government e no go fit control and e go happen. And as you tok am finally na social media platforms we go dey use. Though as foe me I dey like am when dollar go go down because food prices go go down too and e go help di poor people in di society. But the way dem dey do e no dey right. I don tok say let them use policy and not gra gra. And di matter dem do p2p eno go die and e don come stay.

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Igebotz
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May 08, 2024, 03:10:36 PM
 #23

Some decentralised exchanges may wish to take advantage of this to develop a platform for Nigerians as well, so whatever happens, p2p will always exist.
You have just said what I discussed with my friends some days ago that Nigerian will launched decentralized exchanges which Nigerian government e no go fit control and e go happen. And as you tok am finally na social media platforms we go dey use. Though as foe me I dey like am when dollar go go down because food prices go go down too and e go help di poor people in di society. But the way dem dey do e no dey right. I don tok say let them use policy and not gra gra. And di matter dem do p2p eno go die and e don come stay.

No body will take anything locally created seriously. There are decentralized exchanges already that will do anything to have the Nigeria trading volume on their platforms. The only problem why many might not use it is because of the security deposit and for the fact that decentralized exchanges are expensive to use.

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CryptSafe (OP)
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May 08, 2024, 04:21:26 PM
 #24

Apart from Binance and OKX, they were other exchanges that have removed their p2p trading link from their app or website. And the government k ow what they are doing and from the comment I made just know, it shows that the government know everything about cryptocurrency and they want to regulate the cryptocurrency market in the cryptocurrency but it is difficult foe them because the companies that trading cryptocurrency in the country are not from Nigeria.

And one thing I believe that even if they stop all the exchanges to delist p2p we will still have another means to trade our coins.

Before Binance and other big crypto came into play, Nigerians were trading p2p, did my first P2p in 2015 thus we're basically going to go back to the social media p2p marketplace again. The government is making a huge error by sending Nigerians back to unregulated social media p2p, where any vendor can control the price he wants to sell for.

Some decentralized exchanges may wish to take advantage of this to develop a platform for Nigerians as well, so whatever happens, p2p will always exist.

Truly every opportunity is an advantage to do exploits. I agree with your point here. Decentralised exchange definitely would be readily alert waiting for the next line of action to take because nobody wants to lose Nigeria market. As it stands now what the federal government is doing is just  a case of administering medicine after death. The naira already is weak at free fall and  the reasons being that the economy is already paralyzed and epileptic beyond control.

I would not be surprised to hear some decentralised exchange p2p coming up in the nearest or shortest time. Believe me you, this time it would be very difficult for the government to track them down because they can not be able to trace the ownership of the DEX Exchange when it unfolds.

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