My people ona good morning o. I no say dis news na old one but I say make we touchlight am small. Our x vice president professor yemi osibanjo on the 26 of February 2021 been say crypto currency no sopos ban for we country naija say we need to regulate am.
So now I come dey ask say if bitcoin get regulations for our country Naija, say we fit enjoy am as we dey enjoy like this?
Or had it been say them regulate am instead of ban, them for gree make Bitcoin a means of transaction/payment?
Link===> "Osinbajo Bombs CBN, Says Cryptocurrency Should Be Regulated, Not Banned (Video)"
https://www.naijanews.com/2021/02/26/osinbajo-bombs-cbn-says-cryptocurrency-should-be-regulated-not-banned-video/What you should understand about the ban about is that it wasn't a ban from the people but the central bank cut the relationship of people and the commercial banks. The Central bank put a stop on using banks to buy and sell digital cryptos, and since people use p2p to do all their transaction and the only way people can be free from that shadow ban is if the government want to allow regulation to play it effect.
I don't like regulation, ask me why. I prefer the current state of cryptocurrency in this country because the government doesn't interfere and neither do the people interfere with their affairs, all we ask from them is good governance. I can buy and sell without involving anybody but if they should regulate crypto today, be ready to pay tax and we know how wicked the government in other countries tax their citizens that are involved in crypto, can you pay 10% to 30% from your investment? because we are all enjoying now for free, if they should regulate it, it will take time before we adapt to the new system in the country.
The government may not allow regulation, because of political difference, the only party that want to even try is blockchain adoption they want to bring to the country and not crypto, they don't want to that because of what happened during the end Sarz protest that led to the death of many. Government fear people will have power over finance if crypto is allow in his country.