In a thought-provoking opinion piece, Akangbe Oladotun Wilfred, the CMO of Flincap, delves into the complex relationship between the Nigerian government and Binance, focusing on the issues surrounding peer-to-peer (P2P) exchanges.

Highlighting the need for regulations to protect users while nurturing innovation, Wilfred emphasises the importance of examining the P2P transaction system thoroughly before making regulatory decisions.

He suggests the formation of an expert committee to address concerns related to blockchain, KYC (Know Your Customer), and anti-money laundering practices.

Despite the challenges and controversies, Wilfred sees an opportunity for Nigeria to lead in blockchain adoption by resolving these issues and embracing the potential of decentralised finance and blockchain technology.