The Nigerian cryptocurrency market is preparing for significant changes. The Securities and Exchange Commission (SEC) has recently announced plans to implement new regulations to tighten its control over cryptocurrency activities within the country. This move comes amid concerns about potential manipulation of the local currency, the Naira, through peer-to-peer (P2P) platforms. Emomotimi Agama, Director General […]
P2P
Binance Cuts Off P2P Trading With Five Blacklisted Russian Banks
Binance, the largest cryptocurrency exchange worldwide, has halted its peer-to-peer (P2P) service for customers utilizing five Russian banks that are currently subjected to international sanctions, as reported by The Wall Street Journal (WSJ). In a statement, the exchange mentioned its regular updates to conform with both local and global regulatory standards and sanctions policies. Consequently, […]
Bitfinex Strives For Financial Inclusion With Its New P2P Feature In Latin America
Bitfinex has rolled out a peer-to-peer exchange servicing clients focusing on Argentina, Venezuela, and Colombia. The launch is aimed at boosting financial freedom and inclusion, the firm said in a statement. “By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in a way […]