I believe the topic speaks volume for itself as it is already self explanatory.
This question was born out of a real life experience where a petty trader was publicly harassed by some uniformed security personnels claiming to be some police officers and after some investigations the security personnels claimed that the woman aided some criminal activities as well as some internet fraud simply because she made her private exchanges public and the government as some point also frowns at the use of bitcoin in my country.
Now my worries is that, this singular act has driven alot of fear to some low key bitcoin holders in my neighborhood even myself and there are shops I hope in town that operate physical exchanges.
~Do you think those dealers are safe?
~And what's the fate of physical cryptocurrency exchanges(r) in your country?
Let's discuss
You and I know that police are hustlers. The arrest was not genuine because they did not produce an arrest warrant, they probably wanted to scare the woman and collect some money from her. The assertion that cryptocurrency has been ban in Nigeria is not true because their has not been a formal statement from the government about the ban of cryptocurrency. The central bank only warned other banks to distance themselves from crypto-related activities.