Binance adopts USDT price cap to comply with Nigerian regulations
ChainCatcher news, according to Cointelegraph, Binance has implemented a USDT price cap in its Binance P2P to comply with local regulations in Nigeria, and is working with Nigerian authorities, lawmakers, and regulators to ensure action is taken against users who do not adhere to the price cap.
The initiative emphasizes that the activities of speculators have played a significant role in the devaluation of the naira, exacerbating inflation and leading to economic instability in Nigeria.
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