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.
Well, it's outside their control. Outside equals bad in their dictionary, so they're trying to do something about it but I don't think there's anything solid they can even do about it. Geoblocking can only do so much and they can't exactly force a service online to go down since they only control the rules in their country, not outside of it. Centralized they can control a bit more about it, but p2p, again, limited.
Now If I were to put what they're doing between right and wrong, if it was indeed for money laundering then yea, I mean they need to do it anyway, part of their job in protecting stuff. But most of the time it's not really limited to that, they just choose to use that as their frontal image so that they have a valid excuse.