I am calling on the FG to stop the evil activities of Nigerian speculators on the these 2 crypto exchanges - Bybit and bitget.

Arbitrageurs are now taking advantage of the difference between the official and the rate on these exchanges to cause the depreciation of the Naira.

This is what the government should do:

To buy USDT on these platforms, the sellers mostly use opay, palmpay and now moniepoint to receive transfer for their sales. The licences of these minibanks should be terminated as they are channels of economic sabotage.

Any other channels used by them will be exposed as we are active on these exchanges watching how things go on there.

This is bybit.

This is commendable.

OKX nko ?

Crypto exchanges reach 50

A lot of f. ools are roaming the street of Nigeria. They keep blaming crypto trades as the reason behind the declining naira.

Is dollar pegged to usedt or usdt pegged to dollar. This illiterates keep saying usdt is the cause of naira crash how.

Usdt is pegged to dollar, it is the price of dollar that reflects on usdt, and not usdt reflecting on dollar.

What causes dollar spike is dollar scarcity, and not usdt scarcity.

So how does crypto trade affect naira.

Binance was closed for money laundering and terrorism financing and not mainly because of dollar spike. Awon oponu

Pierocash:
A lot of f. ools are roaming the street of Nigeria. They keep blaming crypto trades as the reason behind the declining naira.

Is dollar pegged to usedt or usdt pegged to dollar. This illiterates keep saying usdt is the cause of naira crash how.

Usdt is pegged to dollar, it is the price of dollar that reflects on usdt, and not usdt reflecting on dollar.

What causes dollar spike is dollar scarcity, and not usdt scarcity.

So how does crypto trade affect naira.

Binance was closed for money laundering and terrorism financing and not mainly because of dollar spike. Awon oponu

Ole, ole, ma lo wa ise se! P2P na work?

Elliotwaveforec:

Ole, ole, ma lo wa ise se! P2P na work?

Oponu, p2p is dollar arbitraging like your bureau dchange. Ode

Usdt is not usd, usdt is different and can be even more expensive than usdt, except you stop crypto which is not possible.