RE: VERY CONCERNING NEWS: What does new BAN ON CRYPTO means for Nigerian users?
@crypto.piotr, it is actually true that the CBN on their directive on the 5th of Feb, placed a ban on cryptos; Disclosing to all financial institutions in the country to stop every transactions concerning crypto currency.
But the fact is that crypto is the future and cannot be stopped. Regulating or No regulating, Banning or No Banning will not stop us from trading and investing in crypto. This is not the first time we are hearing of crypto ban, there was a time when china, india and some other countries placed banned crypto but yet crypto prevailed. The problem is that some countries especially Nigeria has yet not understood the impact that cryptocurrency has to play in our current world
Though, i was shocked when i heard the news about the crypto ban that is trending today in my country, was shocked because how can people that call themselves Leaders be thinking like followers, this has actually opened my eyes that we have leaders that are not looking towards the future, this is a revolution and cannot be stopped!
The fact is that the ban can not stop we nigerians from trading or investing with crypto. There's no way they can stop some thing that is decentralized, No way! If other countries tried and couldn't stop then who's Nigeria to stop it!
Although its trending now but a time will come, it will fade out and cryptocurrencies will continue to grow mightily and globally. Thank you for sharing this article with us.