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.
They would only see the usefulness of fiat since they can control, manipulate and tax it anyhow they want. It also suits their irrational style of leadership that keeps the nation hungry and vulnerable to ensure they win their elections easily and are re-elected into office to continue their nonsenses.
The government truly knows the potentials of cryptocurrency, they are only enraged that they cannot control it like fiat, hence their fight and shortsightedness to identify the hidden potentials of cryptocurrency to build the economy of even a falling nation like ours.
I still believe that these fights are described as initial resistances to the course of crypto, the web3 world keeps evolving and would reach a maturity stage in the nearest future where lots of people hedge their money in bitcoin against enriching banks and depreciating their funds, make transactions in USDT, USDC or other stable cryptocurrencies and most online payment platforms would gladly accept it as means of payment alongside fiat.