Quote from: slapper on April 19, 2021, 11:31:58 PM

Quote from: Ebede on April 19, 2021, 04:39:47 PM

Quote from: jackg on April 19, 2021, 04:27:35 PM

Quote from: Ebede on April 19, 2021, 04:19:29 PM

what do you think

You're going to have to offer some examples on this. I'm not sure what you're getting at, there are too many ambiguities. Perhaps you could link to some direct legislation and explain their effects?

For instance, Nigerian government made a recent policy that band crypto currency and its usage in the country,they even went to the extent of blocking all accounts that have ever engaged in crypto transaction but what did that lead to,it made it to be scarce in the country and all those who had it inflated there prices by adding additional amount to it and it became the most sought after crypto and its only sold on peer to peer level now

Not clear enough. Does the price of bitcoin or any specific cryptocurrency in Nigeria higher than in other parts of the world?

In my country, the government only bans bitcoin from being used as a decent currency for payment. There is no legal protection for cryptocurrency investors if they encounter loss or cyber thieves. Nevertheless, bitcoin is freely traded without having any critical issue. The most surprising thing is that the price of any cryptocurrency (and usdt) is about 5 ~ 7% higher than the world price. I do not know whether it is because of the government law or it is a result of a free market.

When there is not much of competition in the market with low liquidity then the traders will set the prices higher than the actual market price and it happens on local exchanges and peer to peer platforms, while where cryptos are highly used and banks try to ban the exchanges then peer to peer is the only choice when the price will be too high than compared to normal prices due to increased demand.