Nigerian Gov Passes Law Recognizing Bitcoin As A Security
This tag on the news holds a positive posture of encouraging citizens who has been skeptic about their funds security if invested on Bitcoin since it is a decentralized financial system.
So even though the government has not considered holding it part of national economy treasures there (Bitcoin), it is sure that the move involving the president will render significant impacts wider the crypto currency in our own country Nigeria.
Such a good news and I am sensing the federal direction testing the water of Bitcoin potential values for a hedge against economy inflation and then considers legalizing it legal as tender.
Joy is coming 😁.
Nigeria remains one of the top cryptocurrency innovative and adopting nation, even as the government never really open road say eh, make we Dey use am as we please. Our government stands no Dey ever Dey clear on this matter since them no ban am, neither them been really recognize am but, e be like all that one wan begin to change.
No the government never stopped anyone on individual motive to adopt Bitcoin for it self usage rather, they only imposed a ban policy on the governments institutions not to facilitate on any related Bitcoin and crypto transactions.
And where I will be in same like with you about talking about them not being straight forward about the decentralized finance is the fact they often lifts it ban and bans it again and unbanned again.
Although I think they are doing so while still on the testing mode of the Blockchain reliability.
Perhaps they have to be strict about it regulatory decisions because so that they don't key in influencing the public with encouragement to invest on Bitcoin when they have not really understood the potential reliability of it as leader they are.
Again, "Joy is coming" where Bitcoin will be will be legalized at every necessary sectors giving enthusiasts a more conveniences.