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Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has cla...

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Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […]

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This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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