Post
Topic
Board Nigeria (Naija)
Re: When Govt speaks of crypto/bitcoin aiding criminal activity what is your take?
by
Charles-Tim
on 09/05/2025, 18:23:37 UTC
I'm bringing this back, only to bring awareness that neither Cryptocurreny nor bitcoin has being the major aid of fraud and terrorism in Nigeria but rather our naira and other fiat currency used by these fraudsters.

[/quote]
This is true as far this is about Nigeria. The last time I remembered government called bitcoin and other crypto to be used for terrorism and money laundering is the time of Emefiele when he was the CBN governor. He did not attack crypto exchanges but bitcoin directly at the time. The present day government only wanted naira to be more stable and try to use crypto exchange to lie. Also if they said Binance helped in money laundering or terrorism financing, that is different from crypto. Binance was sued by the United States of allegations similar to this and they were fine, CZ which was the Binance founder was also fine and went to 4 months in prison.