Post
Topic
Board Nigeria (Naija)
Topic OP
Nigerian activist receives local support in legal fight to use crypto
by
Charles-Tim
on 11/08/2024, 07:40:53 UTC
There is a lawsuit against many regulators and the government of Nigeria about their hostility against cryptocurrencies in Nigeria by a crypto activist and politician James Otudor. According  to the news, he is receiving support from the local cryptocurrency community. We all know how the regulators and government strictly against P2P transactions in Nigeria and how they told some P2P exchanges to stop providing crypto/naira P2P services to Nigerians. I think this is worth knowing.

https://cointelegraph.com/news/nigerian-crypto-activist-james-otudor-gains-community-support


He also addressed the misconception about how cryptocurrencies are mostly used for fraud. I think we should leave this because we all know already how naira and other fiat are used by terrorists, bandits, and by those that wants to collect ransom after they abducted someone. We also know already that even if the fiat is bad in the society, the government will still continue to make it a legal tender because they only see the usefulness.