How Are Nigerians Dealing With Cryptocurrency?

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Bisolami

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For some days now, the federal government of Nigeria have been at loggerheads with some citizens and also some trading platform like Binance.

As at now, they are trying to block every means they know that citizens can use to trade cryptocurrency or withdraw into their banks accounts. Some of us are still stubborn though but what’s your view on this matter?
 
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King Belieal

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I see it as the government just flexing their muscles because the more they deter us, the more we would be inclined with crypto. It might be the only way young people from Nigeria work online and get paid but they don't care.
 
riberet19

riberet19

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It seems that the Nigerian government is willing to end cryptocurrencies in the country, now wanting to end P2P services, but what they don't know is that cryptocurrencies are P2P by nature and do not need any exchange to work, but that is something that Nigerians have to put into practice, cryptocurrencies were born so that there was no trusted third party to tell you when you can transact and when you can't.
 
nomad

nomad

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I hear that they have blocked Binance, and Coinase does not offer full functionality. IN a situation like this they must be facing big problems in investment and trading.
 
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Smalto

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King Belieal said:
I see it as the government just flexing their muscles because the more they deter us, the more we would be inclined with crypto. It might be the only way young people from Nigeria work online and get paid but they don't care.
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Definitely, they are just pained that crypto has become an escape route for the youths, they always want to control and impoverish people, but they can't stop us, the more they keep trying the more stronger we keep becoming.
 
Shavkat

Shavkat

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It seems the local government is trying to be stricter with this matter. In my country, some politicians are planning to do this, too. They started to be stricter for online shopping apps here though.
 
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Rubz

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Well, i believe that Nigerians are able to deal with crypto currencies effectively. This is because even with the government disturbance, there are still a lot of exchanges which one can use to trade crypto or withdraw it to one's bank account.
 

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