Breaking NEWS: SEC, Bitcoin now legal (a security) in Nigeria.

[Carlton Banks]

Some months back, It was even a crime just mentioning bitcoin in the country as you would likely get investigated and probably get your account frozen if observed to be trading bitcoin.

this seems like a big defeat for the Nigerian gangsterment, because there would be no need to take these "legalization" steps if people weren't widely ignoring the previous legal status, lol


The Nigerian people won, they legalized Bitcoin, not the government. This is quite typical of these crooks in power: if everyone just ignores what they say, they have no choice except to have a miraculous about-turn on the policy, so that they do not appear weak or useless

[acquafredda]

It is funny how things shifted over there. While it was a crime to just even mention bitcoin, google searches for it always told the truth.
On a side note, I agree with OP and his doubts. To establish a sort of legal framework is one thing, how that will be put into practice will be quite another.

[Obi theo]

At some extent, every one will gradually approve bitcoin and other cyrpto currency, that for sure because it has really made a huge impact in the market and the world at large..
In Nigeria ,it was just a matter of time before they joined the crypto movement,
But even before the acceptance of bitcoin, they were at list ten stores that accepts bitcoin in Nigeria
Source: .https://www.nigeriabitcoincommunity.com/nigeria-bitcoin-stores/
   It really a great move by the Nigeria government.

[Wipeout2097]

If they get it in depth of bitcoin or crypto, the more they will be obliging with this innovation. Indeed in the event that they perused all the articles relating to bitcoin, on the off chance that they will not attempt it to begin with hand, they will not get it the genuine benefits brought by cryptocurrency. So having bitcoin as lawful in Nigeria could be a exceptionally welcome advance. So these lawmakers can straightforwardly attempt managing with bitcoin moreover, and see the great side and common people will get benefit from the crypto.