Post
Topic
Board Politics and society (Naija)
Re: When Govt speaks of crypto/bitcoin aiding criminal activity what is your take?
by
Jostern
on 22/05/2025, 06:10:51 UTC
We are well aware about how the government attacked CEX notably Binance last year speaking against them as aiding terrorism and I will continue to remain on my stans that all that happened for them to earn some huge about of fine, thinking they had them in a spot were they had no choice than to pat but rather, they discontinued their service with our fiat naira.

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. This is just a way of the government to shift blame/responsibility, whereas their money laundering are very much done with the naira and other fiat because those things cannot be traced to them easily since they are on paper offline.

One easy proof you can use to back up this when  enlightening others about this, was a trending video during the naira note scarcity and there would be more:

A notorious terrorist leader identified as Kachalla Baleri, has been seen in a viral video displaying wads of new Naira notes amid a scarcity.

In an unverified video released on Twitter by @Edrees4P on Wednesday, February 1, the terrorist, who spoke in the Hausa language, claimed that he had up to N10 million of the new naira notes to buy more weapons.

Well this government doesn't know what they are really talking about, they should try and ask themselves if Bitcoin have been harmful to humans or someone probably lost there money while investing in Bitcoin, I think if the government have a basic understanding of what Bitcoin is all then then they will not think such about Bitcoin, the government itself are the once responsible for embezzlement of National funds is it Bitcoin that aids them towards achieving that. I just think the Nigerian Government are ignorant of the truth.