Quote from: Dunamisx on Today at 08:05:15 AM

Quote from: iBaba on Today at 03:49:50 AM

~snip~

We have to consider the State of affairs in Nigeria over bitcoin adoption as the first and foremost thing to consider, the Nigerian government is yet to publicly announce or accept the use of bitcoin, it could be recalled that this same bitcoin and other cryptocurrencies were banned from their commercial banks sometimes last year, they were only aware that people are into bitcoin but not changing their stand yet concerning bitcoin adoption for public use, so if you're doing this OP, know it's at your own risk.

The Nigerian government hasn’t made any official statement about the legality of the use of Bitcoin in the country but their recent actions show that there is no reason to worry about a ban. In 2021, the central bank of Nigeria instructed financial institutions to freeze accounts connected to crypto transactions. Despite the restrictions, p2p in Nigeria hit all time high that year. Nigerians are free spirited, it will be extremely difficult for the government to come after Bitcoin holders. In May 28, 2023, President Muhammadu Buhari signs the 2023 finance bill into law. The law introduces a 10 percent taxation of gains on the disposal of digital assets including cryptocurrency.

https://www.thecable.ng/timeline-from-ban-to-taxation-fgs-journey-to-cryptocurrency-acceptance/amp