Post
Topic
Board Economics
Re: Nigerian Banks To Close Accounts Involved with Crypto
by
jostorres
on 26/03/2021, 17:14:36 UTC
in the country where I live there is no clear issue of the laws governing cryptocurrency, and there have been many cases of banking frozen goods related to electronic money.
Yeah that has been the same with my country for long they have no laws on it. If you’re living in such a country it is always best to make use of P2P exchanges and avoid the problems that might arise tomorrow. Trust me the government can do anything.

You can take Nigeria as an example, they had no clear rules guiding cryptocurrency, and they even welcomed big crypto exchanges/companies into their country, such as Luno and Binance, and all of a sudden they declared it illegal and now blocking bank accounts of cryptocurrency traders. So anything can happen, that’s why I do my best in making sure that cryptocurrency transactions are kept secret and always P2P, that way I would not have any issues tomorrow.