February 5 is a day that cryptocurrency traders in Nigeria will never forget because it changes a lot.
In early February, the Central Bank of Nigeria (CBN) issued a circular effectively banning cryptocurrency trading in Nigeria and ending the relationship that existed between Nigerian cryptocurrency exchanges and banks in that country.
The ban has forced many Nigerians to keep their cryptocurrencies, and those who want to buy are struggling to buy. Some money changers or exchangers in Nigeria, such as Luno, Yellowcard, Quidax, Patricia, among others, have currently disabled cash withdrawals, while some have found a way to switch to P2P.
For Bundle Africa, they recently sent an email to all subscribers to inform them that they are working on how to create a P2P platform while expanding into the Ghanaian market.