Post
Topic
Board Marketplace
Re: Nigeria continuous banning of crypto
by
Awwal08
on 29/08/2022, 07:55:41 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 can see now that utilizing Binance P2P has been giving me issues. Why are they acting in this manner when they may even be pleased that cryptocurrencies are lowering their unemployment rate? They should be aware that despite cryptocurrencies being legal in Nigeria, not everyone would use it. So they now oppose our happiness.