Quote from: Fortify on May 14, 2024, 07:08:50 PM

Quote from: AVE5 on May 13, 2024, 02:58:18 PM

Most nations especially in Africa lately adopted the modern digital technological, Previously we've been in the primitive and analog system and due to the hardship and lack of standard education, we've been trying to remain ignorant over Internet facilities and its networking was untrust due to underdevelopments.
The mentality was being too poor that our government could always convince us with lies and formalities just so that we don't get to know about the advents of the modern reality world which we're in today.
The impacts of the government towards us was that we don't need to know the truth so that we don't have them questioned, they refused to comply with infrastructures to enhance and build our mental faculties because they're afraid that we might be some kind greater than they may be and that seems as threats to them.
The late enlightenments to the modern and digital world we lives today has caused us setback from venturing into the digital technology systems that's how we've also missed the opportunities to adopt in investing in the BITCOIN when it was earlier introduced. Then we had no knowledge of it and the government fed us with lies that the BITCOIN CRYPTO DIGITAL FINANCIAL TECHNOLOGY was a scam and as then, we strongly believed that the government got our back.

That is a huge wall of text and it was very hard to understand your point. If it is that Africa was behind in the cryptocurrency game and that was partly due to government suppression, that is true. You also have to consider that governments all around the world, but particularly those in Africa, want as much visibility of the incomes of their citizens as possible with the aim to tax them. From those taxes they can develop countries further, but unfortunately this can be abused by corrupt politicians for the wrong purposes. Not only that, it gives those same officials the power to manipulate and suppress dissent by targeting funds held in local banks. This is yet another reason they try to control or even block cryptocurrency transactions.

I'm not of doubt to your view but if the government has wanted to tax the crypto holders as an avenue to utilize the revenues for economy and Infrastructures, then they should had made it clear and contributes to the valuability of the crypto system in order to enable citizens to comfortably rest upon their crypto investments.
They government want to control the financial digital system with a default claim of being an anti corruption so that it's not abuse but unfortunately they're the once doing the worse fraudulence but being covered with their authoritative blankets power of governance. They really don't care that much but to extort from citizens.