Re: Bitcoin trading broadly in China,than Nigeria.

Quote from: Jawhead999 on September 12, 2021, 02:30:23 AM

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

Yes, with the country's governmental instability people who are fortunate enough to be able to use BTC and similar blockchains will definitely use it over the fiat alternative.

China on the other hand has more regulation than Nigeria, and not only that but the numbers reported can also be biased, though we do know that BTC can be common in African countries