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,even when economic financial crimes commission [Efcc] filed case against b.lord, the b.lord won them in court of law, nigeria government is not against whosoever that is into cryptocurrency trading, even some of the politicians is even saving their funds with cryptocurrency especially bitcoin
I will also credit Blord’s win in court to the hype it got on social media and not to mention the person in question wasn’t only making his money through cryptocurrency alone he invested in some other business and that’s where his extra earnings are coming from.
If the EFCC wants to go chasing after cryptocurrency investors or traders I tell you that most politicians will be the biggest hit. We all know how they like to have their savings or laundered money in foreign currencies and cryptocurrency is the easiest means they use now. Even when I heard the report of the government threatening binance for information of its users I was saying it will affect them more than us.
Aside from having investments in other areas, the first thing that he was charged with was internet fraud. His allegations were not entirely because of crypto.
He was charged with fraud because they didn't know his source of income, but his court case with them was a breakthrough for him, as most of his hidden investments were brought to the public, and he also used that fame to acquire more wealth by going into tech fully, and there was a lot of traffic and wealth that was obtained from them.
If we are to start counting 10 popular millionaires or billionaires who made it through crypto, at least for the ones who made it public, he will not be among the top 5. People like Ifeanyi Eze_nwaogene and the rest of them are known for their massive investments in crypto trading and how they have acquired good wealth as a result of that.