According to Bitnewsbot, the Nigerian government is getting tough on cryptocurrency trading as the country's currency, the naira, is having a tough time keeping its value steady. They're planning to ban people from trading cryptocurrency using the naira directly, and they're cracking down on folks who do it illegally. But some experts say this might not work because crypto trading is decentralized, meaning it's hard to control.

Before, when the government made moves against crypto in February, the naira got a bit stronger, but it didn't last long. Now, it's struggling again. Experts say banning people from trading crypto person-to-person is tricky because it's hard to keep an eye on.

The International Monetary Fund (IMF) thinks Nigeria should think about letting international crypto platforms operate there, but with rules to stop money laundering. This might help Nigeria deal with its currency problems better. But overall, just banning things might not fix the bigger issues Nigeria faces with its money and digital currencies.

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