Post
Topic
Board Altcoin Discussion
Re: Real fact behind crypto ban in Nigeria
by
hulla
on 08/02/2021, 20:20:13 UTC
Finally CBN gives the main reason why they put ban on crypto in Nigeria, the fact is there are many bad eggs among the good eggs, online romance scammers are now using bitcoin as their benefactor to cashing out money easily with no traces, read news here
It true that there will always some black sheep in every country, setting which will abuse the system for their own selfish and greedy purpose but I don't age go the statement of the Nigerian Central Bank saying some scammer using crypto to scam people with no traces when most crypto to fiat payment are handle by the centralized exchange. However, their ban won't stop the bad action from operation since they can easily use a P2P exchange to execute their transaction.