Post
Topic
Board Economics
Re: Nigeria will overtake India in P2P
by
Gozie51
on 06/05/2021, 11:11:36 UTC
Let's not forget that Nigeria banks, CBN , banned financial institutions from helping in crypto transaction and it's not a huge surprise to me because in Nigeria 70%of the population get their daily bread from crypto and they have to adopt the p2p method
Lets not forget that even before this whole FG and CBN fiasco on cryptocurrency trading people where already trading p2p but it is now just more official and this even shows how all the people in Government dont know nothing about crypto trading because they would have known for a fact that the policy did not change any serious thing just the way of Direct bank deposit.

Till date the only effect to that political decision is the direct bank deposit that is connected to an exchange, no other limited is felt by the Nigerian crypto community. P2P has always existed and made more popular by such. The decision was done against the #endSars conveners just to get to them. Is unfortunate that government that takes one sided decision without looking out for both advantage and disadvantage does not accommodate all opinion and that means a serious lapse in the democracy.