Despite various rules put in place by some African countries to discourage their citizens from trading cryptocurrencies, they are still thriving.
A statement released by "documenting bitcoin", reveals that Africa is leading the world in peer-to-peer bitcoin trading volume growth this year so far.
Giving the unfair condition of the market in Africa especially Nigeria where the government has banned financial institutions from engaging in the buying or selling of crypto, this comes as a surprise.
The Nigerian government has only one specific goal in sanctioning its citizens from bitcoin transactions: (storing bitcoins for the government itself and citizens' dependence on it)
Citizens of poor, financially disadvantaged countries see bitcoin as a great way to get rich, and that allows such countries to grow with bitcoin.
In my opinion, these objections are unfair and people who have worked hard for years should be given the opportunity to invest.