Post
Topic
Board Nigeria (Naija)
Topic OP
Nigerian Economic Problems: Government Ban Cryptocurrency
by
Funke
on 29/02/2024, 07:13:10 UTC
For sometime now the activities of Bitcoin mixers and their rates in the exchange platforms have been a concern in this forum. Though the basic principles of businesses is to make gains but the percentages taken by Bitcoin mixers seem to be one sided in gains.

For sometime now , experts Believe that, Nigeria's current Economic problem are caused by that increase in the transaction and other exchange rates and charges, which  devalues the country's currency. It is on this reason that, about seven exchange platforms have been banned and their operators arrested.

Some of these platforms included Binance, Octafx,  cryptocurrency and others , this is aimed at making the Nigerian Naira gain value to reduce the current economic hardships on Nigerians but, those at the gaining end seem to be reluctant and indifferent about the impact of their charges and interest rates on the larger population of Nigerians.

Do you actually think , the current Economic Problems of Nigeria are caused by the activities of the exchange market as seen by experts and what should be done to reduce the current economic hardship. Mind you, this decisions directly affects this forum.

Let's discuss the way out for crypto lovers.