Quote from: AmoreJaz on Today at 10:24:55 PM

Quote from: Latviand on September 23, 2023, 12:24:12 AM

Wow, and just yesterday I was replying to a post regarding a hotel in Nigeria that's accepting bitcoin for payments. And the fact that they have agents planted to take down the P2P crypto trading in the country is such a crazy situation which is scary for a lot of people even those outside the country because one look of their own government on what Nigeria is doing and the possibility of crypto crackdown in their own country goes through the roof.

i don't understand why they do such kind of action. if they want to ban the p2p trading like for example in binance, then, they need to send an official letter to binance that they are banning such kind of transaction.
instead of countering this activity, their government should help their people to attain more financial freedom. no wonder, a lot are still living below the poverty line because the officials have such backward thinking.

Which they will inarguably do. They are probably drafting such letter already as we speak to formally request Binance to cooperate with them, and binance will not be able to do anything but comply cause they aren't a governing body capable of carrying out feuds with other countries.

Just picture the fact that in a battle of attrition, crypto will lose. Countries could pretty much ban and disallow people from using bitcoin and crypto through any means, crypto will not be able to do anything but comply and accept the decision and hope that another country would accept them and not be so harsh against their vocation. We're not in the position to be exceptionally 'demanding' so to speak.