Post
Topic
Board Marketplace
Re: Nigeria continuous banning of crypto
by
Taskford
on 02/12/2021, 13:16:26 UTC
It is becoming more strict to transact crypto in Nigeria as the CBN now plant agents on Binance P2P to trade with you and intentionally add crypto keywords to the payment transaction so it can alert the bank to block the receiver's account.

This however is becoming outrageous for the Nigerian government and with no single doubt, the non-compliance of the young Nigerians not believing and making use of their newly launched E-naira must have triggered this action.

These wise traders are just exhausted of having their money controlled by the government.

Source: https://cointelegraph.com/news/nigerian-banks-tracking-customer-accounts-for-crypto-trading


I dont know about Nigeria specially but worldwide every coutry that is restricted have general problems with their goverment.

I don't know if we can call it that way but I think one thing is for sure here they want to use that as market distractor since we see that spreading when market starting to collapsed but unfortunate things to them this fud didn't hurt the market totally. Also there's hidden agenda on that implementation so I think people should be aware on that.

I also think that this banning implementation will not last long knowing crypto is now gaining popularity in the mainstream.