Nigerians Moved Nearly $40 Million In P2P Bitcoin Trading In 30 Days

Bitcoin Magazine

​Nigeria has been leading the way for Bitcoin adoption in Africa despite its goverment’s recent efforts to reduce access to Bitcoin services to its people. In February, the Central Bank of Nigeria (CBN) reinforced legislation from 2017 that prohibits regulated financial institutions from dealing with bitcoin or facilitating payments for bitcoin exchanges. Notwithstanding the ban, Nigerians have resorted to peer-to-peer (P2P) trading and moved almost $40 million in BTC volume in the last 30 days.

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