You are viewing a single comment's thread from:

RE: VERY CONCERNING NEWS: What does new BAN ON CRYPTO means for Nigerian users?

in Project HOPE3 months ago

It is hard not to have an impression, that most regulators do not seem to care about businesses and lives they are often destroying by implementing rapid and strict changes.

They don't really care about anyone but their pockets here. I believe the ban of crypto is a way to keep Nigerians poor, because the youths are making good living through Crypto. With time, the government fear, they won't have control over the youths. That's what I think, because there's no logical opinion I could think of. Other countries are trying to advance themselves by adding crypto to almost everything they do, like crypto ATM, Crypto payments and more.

is the fact of having an account on Steemit (with some STEEM tokens in our wallets) also a threat?

No threat to that. We can involve ourselves with crypto, but the issue is getting the monetary value i.e converting crypto to naira. I just did a normal transaction that would have taken 5 minutes, it's over 5 hours I'm yet to credited. So, that's the major worry. With time, we Nigerian youths are very clever, we would find a loop hole around the law.

Thanks for your concern @crypto.piotr