I am so much concerned to why Nigerians government is banning the use of p2p on some crypto apps. To their allegations, it's said the crypto is affecting the currency and it also aids money laundry. Can anyone enlighten if what the government is doing is the right thing. The government left the banking sector and blames binance and other crypto companies.
Governments don't care about what citizens think about their decisions, they don't care whether it's the right thing to do or not, they make decisions that will benefit them or won't affect them having more power and control over their citizens, and to be precise, this is mostly happening in third-world or developing countries where governments aren't able to accept cryptocurrencies and they are always looking for excuses to keep them away from their countries.
This money laundering and criminal activities and stuff are nothing more than excuses they make to make people think that they are protecting them but the reality is different and those who are involved in cryptocurrencies and use them understand that they are trying to suppress them doing this.
They clearly abandon the well being of thier citizens.These decisions that they have taken can cause significant damages to individuals,businesses and the financial sectors to a very large extent.
Extremely,governments manipulative actions towards the citizens increasingly contributes to financial breakdown and decline in the overall economic activities.
There are several other suspicious means whereby people can illegally participate in financial crimes,but they choose to regard bitcoin as a means which people carry out there illegal activities.People see,understand,respond,and retaliate to things differently,and that's a truth sincerely..