LOL..that was too harsh from the Government of Nigeria. Crypto trading is still very active in Nigeria, because investors are using other exchanges to carry out their trade, and the government never announced that crypto has been banned.
I guess Binance was too loud, that was why they caught the authority's attention.
Exactly just like the government hasn’t come out to say they have banned in Nigeria Like past administration placed a banned on it, i still don’t see where they have actually legalized it. Rather this present government just reduced the the restrictions and more like everyone should do what they want it but they can’t be held liable for anything after it. The issue with binance is just a clear indication that should they decide to legalize it they will want to regulate it also.
bitcoin is a future digital currency, i strongly believes that before BTC celebrate 50 years in existence at least one or two African countries is going to legalis it. because block chain network is expanding every day by day. and most of the countries in Africa have the knowledge BTC how it works.
My easiest bet on countries that will legalize it are those countries with very poor currency valuation against other currencies. Although this wouldn’t just boost the economy but it will only help them to transact with other countries using it or rather safe on it than their own currency to help save their funds from inflation. As for the top countries they might want to have a way to regulate it before going ahead to legalize it