Post
Topic
Board Marketplace
Re: Nigeria continuous banning of crypto
by
5thFear
on 14/12/2021, 04:45:19 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

Nigeria was actually going very fast in this field and their whole youth was actually going crazy. The govt should had supported their people instead of blocking their way. Sad to hear about such a move, though it won't stop people from using it but it surely will bring the govt and the people face to face.