Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: As a crypto user isn't it sumtin to give a thought about?
by
Kelward
on 29/10/2023, 14:14:53 UTC
⭐ Merited by fillippone (1)
The fact is this is not a big issue, the government will not entirely banned cryptocurrency because they know what they can earn from regulating it (maybe adding tax to exchanges) and NITDA Offered scholarship on Blockchain last year November, though they can be Blockchain that doesn't have a coin but its shows they acknowledged the technology which cryptocurrency are built on.

Even if they later decided to banned cryptocurrency in Nigeria entirely, Nigeria bitcoin and crypto adoption will continue to surge and this may make us all adopt the use of DEX and non-custodian wallet.


Even if government decide to ban cryptocurrency for di country, e no go too disturb di adoption, because cryptocurrency like bitcoin, de originally designed to de decentralized. Di move go compel most of use to de use DEX instead of CEX, we go just de run p2p transactions through our non custodial wallets. Di curiosity of total ban sef go make many people especially di youths to wan know wetin de for crypto decentralization, and di adoption go increase.

I agree with Cryptopreneurbrainboss, say e go de better say make our government find way to make dis big exchanges like binance and remitano, to get physical office for Nigeria, dis exchanges de make plenty money for di country, na dem di government suppose put focus on. Because personally i no mind if our government de tax di exchanges because na lucrative business dem de do for di country. Dat one alone suppose make our government to de respect crypto users, na dem go be a source of  income generation.