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News related to Crypto / Re: Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting D
« on: May 20, 2024, 04:16:33 PM »The Nigerian Securities Regulator has stated that cryptocurrency exchanges have complied with a directive to remove the local currency from peer-to-peer platforms. The acting director-general of the Nigerian Securities and Exchange Commission has... See more for yourself here.
Your opinion is greatly appreciated.
When a currency has been subsidize for many years and then one day the government decide to stop the subsidy because they were spending billions of of dollars to subsidize it and then after that, the currency decide to make a new face for it value and traders are using the opportunity to trade on the profit but he government is now seeing that as a taboo, isn't that hypocritical and foolish? You don't give what you don't have and yet you want to conttol what others have, that's not possible.
All this are short term remedies, traders will always trade and profit will be made with or without centralized exchanges, there many of them on WhatsApp and Telegram and that's the place the government can't control.