Quote from: CryptopreneurBrainboss on August 15, 2024, 09:07:40 PM

Quote from: Charles-Tim on August 11, 2024, 07:40:53 AM

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.

The excuse say crypto is used for fraud or anybody doing cryptocurrency is just disguising as they're fraudsters, na wetin go make us remain backwards for the world and Africa self because some other African countries dun dey advance pass us for crypto matters. The government no know wetin dem dey miss by attacking crypto for the country wey be say dem supposed dey see how dem go welcome am so dem fit get inflow of businesses and companies dem wey dey associated with the industry so dem fit dey help strengthen the economy in various ways.

First e go bring about job creation, foreign investors and then revenue for the government. As for the activist, he's fighting a good battle and we can only hope he wins because we know as things dey be for this country. Las last the government get the final say because na dem get the government and they make the policy we dey guide the country so if dem say crypto bad for the economy, we can only hope they come to their senses to see that they're making a mistake.

This is just the truth, Many African countries are now beginning to overtake Nigeria when it comes to crypto, the attack on crypto by the government can also be seeing as a direct attack on the economy of the country, because any action taken by any individual or the government that hinders the financial and digital growth of its citizens can also be seeing as an attack on the economy of that country, already we are experiencing the following in crypto space because of the continuous attack by the government

1. Reduced investment as many investors especially of Nigerian origin living in Nigeria have reduced the way they Invest in crypto because of lack of government support.

2. And like you mentioned, Other that other African countries are now way above Nigeria when it comes to crypto, lack of government support to crypto have reduced the competitiveness Nigeria had in the crypto market with other countries especially African countries,

So I will throw my support behind James Otudor anyday and anytime and I know Nigerians that mean well for the country will do same.