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Well..this go be new development yet to unfold because up till now you no fit send out money from your account con add keynote say na via bitcoin or any other crypto you Deh try send so then them no go intervene in that transaction..just like wetin I post earlier..I see am say exchange don Deh try push banks Deh give us via trading even now when CBN never announce say make banks proceed with the process..I see one ads wey talk say I fit buy crypto from first bank with 50% cash back in trading vouchers..I feel say make everybody just pipelow for now till CBN make am official before you proceeds to avoid loss of assets..
I argued this with one of our country mate in a thread in Bitcoin Discussion board and he disagreed about it, I think lots of people don't know or haven't come across that news, I won't blame them though since the media is filled with fake news and hype to this present administration even though they ain't working properly.
Lemme come down to our pidgin language, I understand why some people no wan believe am even though na true cause eh get time wey IG of police been warn police concern harassing youths but then eh no stop, them still continue to harrass many innocent youths, so FG fit recognise Cryptocurrency even SEC fit approve am but na still those same bank go cast you to the authorities say you dey use am do fraud when eh no be the case.
The investment and security Act of 2025 does not make a clear cut provision for cryptocurrency legalization. It is only aimed at improving capital market and strengthening digital assets which was not clearly illustrated as in terms to support crypto market. These are the loopholes where by the security agencies capitalises to harass crypto meniacs. The act also in an unambiguous terms, 'Criminalises creation and investment in Ponzi schemes '. This is clearly supportive and understandable by any individual. Do not run your crypto transactions using any of the local banks, P2P is much safer from the security agencies. Any moment you decide to trust this news to make use of a local bank, just know you are one call away from a possible arrest. Whenever the government is willing to legalise cryptocurrency, the act would be amended to suit the common man.