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February 11, 2026, 11:46:27 PM |
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Bitcion transaction in naira can definitely come to a halt or least slow down a lot because of p2p scams and the possibilty that follows while peer to peer trading has been crucial for Nigerian crypto sence the increase in scams like fake payments notifications, bogus chargeback and coin Locking has put a lot of stress on this way trading.
Here how p2p scams can lead to a halt in Nigeria transactions
Banking transactions accounts freezes and actions crooks frequently use stolen money or fake transactions to buy Bitcoin. When victims complain Bank may freeze the account if innocent traders or regulation such as the EFCC might urgent bank accounts to stop all the crypto transactions leading to less available funds. Voluntary stopped by exchange because of high scamming levels and more attention from authority largest exchange like the binance
Even with the significance risk of p2p training is happening but there is shift towards tighter regulations the Nigerian is advocating for transactions to be considered on licensed platforms and in the investment and securities acknowledge crypto and securities enforce tougher rules on platform to combat fraud
So far, these are the few ideas that have kept me going and I would also like those that are more advanced than me here to drop their opinion on this thread so we transactions in naira due to p2p scams can all benefit.
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