Some exchanges are suspending trading to our currency due to government pressure, They understand the implications of it to be that they will loose all the customers they have in the country. I just dey reason wetin go sup is an exchange decide to not obey the governments demand to suspend p2p services for Nigerians. What can do the government do?
They will face legal problems. SEC Nigeria will take legal action against such exchange and possibly could lead to fine or criminal charges and such exchange could also lose public trust as they would be seen as non-complient to regulatory requirements exchange and as such may loss operating license to operate in that jurisdiction ( license revoked)
They may take time to complie but will eventually complie at the end. The directive to delist Naira trading from exchange were sent to all the crypto exchanges and they are complying to it one after the other. As long as your server is hosted on a centralized server, you can't escape it.
Any exchange wey refused to do watin government talk no face some charges for court of law because the exchange nah centralize and so far as say the exchange include the country for their exchange the government get the rights to tell them to delist am. E dey more better to do watin governments talk instead of to go settle some allegation wey government to gum them for body. So for a better futures, hoping say one day government go still tell them to put back p2p for Nigeria, so them go just obey.
