Quote from: Upgrade00 on March 19, 2024, 08:25:01 PM

Quote from: GeorgeJohn on March 19, 2024, 07:35:00 PM

I have not seen a situation whereby government attack traders in nigeria, theirs one popular Nigerian bitcoin trader called blord, government have tried to severally to arrest B.lord and they could not arrest him

That is a popular case which got lots of attention and the individual in this case was able to afford a very good legal team. Many individuals who have been harrased by the authorities for their involvement in crypto related activities never actually made it to the internet.

This is for me very alarming if it will happen here in my country but as of this moment we are still having the best experiences hodling Bitcoin though the authorities are currently taking strict actions against unregistered foreign and local crypto exchanges. So far no harassment being committed here in my country since we are living in a crypto friendly country.

Maybe that attack was because of the government of Nigeria putting restrictions on p2p transactions or maybe blord violated the crypto ban but if he has no violation himself and then got harassed that is not fair

But this is currently what is happening in Nigeria:

Quote

the government could use the abundance of P2P traders in Nigeria as an asset and treat crypto stakeholders as allies to understand how to use crypto to the advantage of the nation’s economy.

Nigeria is currently the largest P2P crypto market in the world, which came about after the Central Bank of Nigeria banned institutions from buying and selling crypto in 2021. In December 2023, the Nigerian government lifted the 2021 crypto ban, enabling crypto exchanges to apply for licenses in Nigeria.

Source: https://cointelegraph.com/news/nigerian-crypto-fee-hike-spurs-vc-interest-amid-p2p-regulatory-hurdles