Loading...
Market
Adaptation of new payment methods by Nigerian fintechs within 6 months post-SEC meeting
5
Resolution / Starting Odds
Adopt Blockchain Non-Crypto Solutions • 33%
Increase Traditional Payment Offerings • 33%
No New Payment Methods • 34%
Product announcements or service updates from fintech companies
Story
Nigeria to Ban P2P Crypto Trading Over Security, SEC Meeting on Monday
May 4, 2024, 08:47 AM
Nigeria is poised to implement a ban on peer-to-peer (P2P) cryptocurrency trading, citing national security concerns. This regulatory shift follows initial indications from the Bola Tinubu administration that suggested a softer approach towards cryptocurrency. The Nigerian Securities and Exchange Commission (SEC) is scheduled to meet with both foreign and local cryptocurrency exchanges on Monday to discuss the regulatory changes. Major fintech companies such as Moniepoint, Paga, and Palmpay, as mentioned by Moniepoint's CEO, are expected to comply by blocking accounts involved in cryptocurrency transactions.
View original story
Similar markets
Yes • 50%
No • 50%
Several major blockchains adopt similar model • 25%
Few minor blockchains adopt similar model • 25%
No significant adoption • 25%
Reversal or modification of SIMD-0096 • 25%
Yes • 50%
No • 50%
Increased regulation • 33%
No change • 33%
Decreased regulation • 33%
Market stability • 25%
Market volatility increases • 25%
No significant change • 25%
Regulatory changes • 25%
Clear guidelines established • 33%
Continued litigation • 33%
No major changes • 33%
Increased Security • 33%
Decreased Security • 33%
No Change in Security • 34%
Increase in services • 33%
No change • 33%
Decrease in services • 34%