Our guest on today's podcast is Ray Youssef, CEO, NoOnes. We discuss Nigeria's recent clampdown on Binance and crypto and what happened with his last company, Paxful.But before that, we highlight  a few stories from this week.

• BuuPass acquires QuickBus
• CBN stops Moniepoint, Kuda, OPay from opening new accounts
• MTN Nigeria records first loss since 2021 IPO

Link to Insight of the Week: https://intelpoint.co/insights/mtn-nigeria-recorded-its-first-loss-in-2023-since-its-initial-public-offering/Subscribe to The Modern Workplace/, Equity Merchants/, Techpoint Digest/ and  Intelpoint's newsletter/ Timestamps00:00 - Intro00:21 - Recap of the news03:16 - Thoughts on the clampdown08:10 - Did P2P really cause the fall of the naira?12:21 - Did Binance make money from P2P?14:44 - Is the Nigerian government justified in going after Binance?17:29 - The real numbers for crypto in Nigeria20:11 - Consequences of the clampdown23:57 - The real crypto scammers25:26 - The double-edged sword of licencing requirements28:36 -  NoOnes' role32:28 - The importance of P2P35:15 - What went wrong with Paxful38:09 - How NoOnes will redeem the Paxful failure39:24 - Possible challenges for NoOnes43:32 - OutroUseful links

• Kenyan BuuPass acquires QuickBus to expand to Nigeria and South Africa
• CBN stops account openings for Kuda, Moniepoint, OPay
• Q1 2024: MTN Nigeria's userbase sinks, loses ₦656.4 billion in foreign exchange

This episode was produced by Ogheneruemu OneyiboEmail us your feedback at [email protected]. Visit www.techpoint.africa/ for more stories.Music - Beach by MBB -https://www.youtube.com/watch?v=dEnQ8dHwDSkFind us on Twitter, Facebook, Instagram, and TikTok @TechpointAfrica