Quote from: Charles-Tim on Today at 12:49:58 PM

Patricia? The exchange was hacked and their customers funds are still with the exchange up till now.

I'm aware they have issues and I only cited it as an example.

Quote from: Charles-Tim on Today at 12:49:58 PM

We need to know the regulatory framework about this. Is there one already? I do not have time to read about the Finance Act yet, but I think it is just an introduction of 10% tax for cryptocurrencies that is included yet for now.

Well... It's still a good thing that the government is gradually taking cryptocurrency seriously.

Quote from: Doan9269 on Today at 01:09:49 PM

Government are now just coming out straight on the interest of what they want with cryptocurrency, it's either they control it which is obviously impossible or they regulate it which will attract the payment of tax for every transactions performed.

If it was a new administration that signed the financial act it would have been a different thing but since it's the same administration that allowed CBN to ban crypto activities in the country, all I can say is that maybe it's dawned on them that they cannot control the masses and they are beginning to look at the brighter side.

Quote from: Doan9269 on Today at 01:09:49 PM

Will the government through this now allow the commercial banks to perform cryptocurrency transactions as against the ban made in 2021 considering the new administration.

I think so... Everything is still not glaring but in time we will get to know better.