Post
Topic
Board Bitcoin Discussion
Re: Bitcoin trading broadly in China,than Nigeria.
by
cheezcarls
on 12/09/2021, 11:32:54 UTC
AFAIK Nigeria doesn't ban Bitcoin but the central Bank on Nigeria could freeze your account if they detect the funds came from Bitcoin, high inflation rate, still a third world countries means not prosperous yet. That's why the trading volume of Nigeria can't be compared to first or second world countries, however there's an article said Nigeria become the top 2nd Bitcoin trading volume but keep in mind it's only on Paxful [1] not an entire exchanges.


[1] https://www.theguardian.com/technology/2021/jul/31/out-of-control-and-rising-why-bitcoin-has-nigerias-government-in-a-panic

it’s just unfortunate that Nigeria isn’t yet Bitcoin or crypto friendly, however, they don’t ban it when it comes to P2P trading. I don’t agree about China trading broadly on Bitcoin because they are having the largest crackdown on Bitcoin mining and restricts their citizens from fully engaging on crypto trading. They even ban financial institutions in China to adopt cryptocurrencies. So many restrictions in China nowadays, and it’s gonna be hard for us to live there.