Quote from: Zilon on June 02, 2022, 11:20:56 PM

Quote from: Odusko on February 01, 2022, 06:29:20 AM

In a third-world African country, Nigeria operated by Female CEO. Hello, friends am from Nigeria a country where government regulation on cryptocurrency is flexible according to the law,

I think you have forgotten when the Nigerian government placed a ban on cryptocurrency transactions on the 5th of February 2021 and revisited on the case on the 23rd of February where the then Nigerian CNB governor Mr Godwin Emefiele, explained reasons for restricting financial institutions from engaging in crypto transactions. Crypto is not flexible in Nigeria because personally i have seen cases of crypto operators arrested and prosecuted.

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the CBN which is the apex central bank warns against the risk involved in it and advise Nigeria to be careful, but Nigeria is one of the highest in terms of cryptocurrency adoption according to statistics. With the decentralized nature of Bitcoin that have Thousands of Nigeria Citizens who have knowledge of blockchain and digital currencies and have adopted it,

Nigerians had to adopt the risky investment option from crypto to held stand up to the high inflation rate in the country

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In December 2021 I launched a campaign among crypto friends to adopt Bitcoin as a mode of payment in our venture and outlets, on 31st of January I open a Coffee shop and the Capital City Abuja for Bitcoin and none Bitcoin customers. This is aimed at promoting Bitcoin adoption and, as a newbie member here, I wish to see your advice and suggestions.

A nice risk taken but ensure you to make enquiries on how safe it is to carry out Bitcoin transaction in Abuja. Campaigning about bitcoin is the ultimate at the moment because it gives total privacy to the holder but staying safe while doing what is right is more important

I don't believe everything I read on the news. I don't think this ban is effective because I have other Nigerians on the forum implement Bitcoin payment in their business. The most recent one is The first gas station to accept Bitcoin in my region I don't think they will be campaigning Bitcoin openly if it is crime in the country.