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.
The problem of this country is caused by our leaders, when you been made a manager of a company, of such company is not doing well in terms of growth and profit you will be blamed for whatever happens, lets apply this to nigeira, our president and his cohorts has failed in their economic policies, do exchanges increase dollar in the market and increase naira, I think we have myopic leaders who always blame other people for their mismanagement, how will good thinking person an ounce a policy without backing it up without actions that will not affect the citizens, since this new regime takeover from the past government Nigerian have not feel the impact of governance, though I never said the past administration is better than tho one but the president was much in haste to take some decision without rolling out sustenance means to causation the effect of his decision, sometimes I feel that our government knows what they are doing, people has being complaining of deficits in production. Of all items in Nigerian and up till this moment our government has been playing deaf ear, how will a country exeoct their currency to be recognised without showcasing to the world what they can offer, our leaders needs to rethink.