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Is public reaction to the Nigerian crypto trading ban favorable within 3 months?
4
Resolution / Starting Odds
Favorable • 50%
Unfavorable • 50%
Media reports, surveys, or public statements from key stakeholders
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.
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Positive • 50%
Negative • 50%
Widespread protests • 33%
Moderate opposition • 33%
General acceptance • 34%
Predominantly Positive • 25%
Predominantly Negative • 25%
Mixed Reactions • 25%
Indifferent • 25%
Positive market response • 33%
Negative market response • 33%
Neutral market response • 34%
Very positive • 25%
Somewhat positive • 25%
Neutral / No significant opinion • 25%
Negative • 25%
Positively received • 33%
Negatively received • 33%
Neutral or mixed reactions • 34%
Majority support • 25%
Majority oppose • 25%
Divided opinion • 25%
Indifferent or unaware • 25%
Majority approval of SEC's approach • 33%
Majority disapproval of SEC's approach • 33%
Mixed or no clear majority opinion on SEC's approach • 34%
Very favorable • 25%
Somewhat favorable • 25%
Neutral • 25%
Unfavorable • 25%
Significant Negative Impact • 33%
No Significant Impact • 34%
Significant Positive Impact • 33%
Compliance • 25%
Non-compliance • 25%
Legal challenge • 25%
Operational adjustments • 25%