Why is P2P banned?

Could you please elaborate on the reasons behind the ban on peer-to-peer (P2P) transactions in the cryptocurrency space? Are there specific concerns related to security, privacy, or regulatory compliance that have led to this decision? Is it a temporary measure or a permanent ban, and what implications does it have for users and the industry as a whole? Understanding the motivations behind the ban would help us better grasp its implications and potential consequences.