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.
Well, I dy surprise somehow for him to be able to win the government for their own court, because I know the country I from, our judiciary system no dy sincere and as clean as e surpose be, but anyhow, na good news to the naija crypto community.
Then talking of the government and their fight against cryptocurrency in naija, sincerely speaking I no too dy surprise because the government always want to be in control, and since them no fit control the crypto sector due to it privacy, them just dy look for ways or something to use as excuse to take fight am, that's why you go hear something like, cryptocurrency are being used for fraudulent or criminal activity, when dy also knows that our naira is being used the same way cryptocurrency is being used, so to me, I just see am as an excuse wey our government dy use fight cryptocurrency, not because they don't know that our naira is being used also.