Nigeria Weighs Tighter Rules on Crypto Market, Calls Meeting | Crypto Market Time
Nigeria Weighs Tighter Rules on Crypto Market, Calls Meeting
The Nigeria crypto market is drawing scrutiny from the government amid worries over unlawful activities and currency manipulation. The country saw a massive $56.7 billion in crypto transactions between July 2022 and June 2023, according to blockchain analysis firm Chainalysis. According to sources, the government may temporarily prohibit peer-to-peer (P2P) cryptocurrency trading to allow for the development of a comprehensive regulatory framework.
