The Federal government, through the securities and exchange commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and Dollar racketeers.
The newly-appointed Director-General of the Commission, Emomotimi Agama, disclosed this to journalists, noting that the development comes against the backdrop of the recent moves by the federal government to regulate Nigeria’s crypto market estimated at 57 Billion Dollars.
Agama therefore confirmed that the government is currently drafting a new set of regulations to govern the crypto sector.