- KuCoin, a cryptocurrency exchange, announced it has stopped its naira cards and peer-to-peer naira services
- This occurred after the Securities and Exchange Commission recently advised cryptocurrency exchanges to stop trading naira
- Although no timeframe was given, KuCoin promised consumers that they would be informed when the services would be restored
Popular cryptocurrency exchange KuCoin stated on Wednesday, May 15th, that its fast-buy service using naira cards and peer-to-peer naira services would be temporarily suspended.
The decision was made just a few weeks after the Nigerian Securities and Exchange Commission met with important national cryptocurrency players and advised them to stop trading naira to naira P2P due to the naira’s present instability.
