Quote from: SatoPrincess on March 20, 2024, 11:53:39 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,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

A person who does not have any illegal dealings will not be afraid to defend himself against allegations leveled against him by individuals or government. I followed the Blord trial closely, it took about four years for the trial to reach a verdict, the courted ruled that the crypto traded be compensated with a certain amount of money and all his properties returned to him.

The men in the vehicle with OP were too scared to defend themselves, their inability to speak coherently gave the police the impression that they had something to hide. Nigeria can be a tough place especially for men, I never had to worry about police searches or anything like that.

Other than the fact the Blord has won a case against the Economic and Financial Crimes Commission (EFCC) of Nigeria, I'm not really familiar with it. But I suppose this man isn't small that he can easily be harassed by law enforcers. This is the big difference.

Here in my country, people are saying that if you're not involved in illegal transactions and isn't hiding anything you shouldn't be worried, but the truth is that if you're an ordinary person, you can easily be harassed, deprived of your rights and due process. And even if you aren't involved in illegal transactions, your funds could be easily and arbitrarily seized, accounts locked, and so on.

If you're an ordinary person and has Bitcoin and is confident about it because it didn't come from illegal transactions, the banks can still easily freeze your account and seize your money. But if you're a rich and respected individual who's involved in illegal businesses and mentioned Bitcoin in front of no less than the bank manager, there won't be any problem. You'll remain a valued client, with all the perks and privileges.