They believed that this decision made was as a result of being the use of cryptocurrency as a means to engage into illegal financial activities such as scam and other fraudulent attempts by the people, you can read further from the links below and drop your opinion on this ban.
Because of illegal activities?
My questions is , were there no illegal activities before the inception of crypto?
If sincerely there was no case of illegal activities and money laundering before crypto then I think there decision is perfect but if there was, then I think there decision is a very harsh one should be reconsidered.
The heavy fraud and money laundering isn’t done through cryptocurrency in Africa the last time I checked and most of these cases of criminality and heavy corruption were reported amongst politicians and you will believe me that as a politician, stealing money through crypto will lead to easy trace because of the exchange and the buck transaction records and most of these politicians would prefer to steal in physical cash where it will not be easily traced.