Nigeria Became 2nd In The World For Bitcoin Trading

[Thanos01]

And the funny thing is that the government of Nigeria is active against banning and prohibition of bitcoin knowing that they are the biggest in the African continent when it comes to bitcoin and cryptocurrency trading. Hopefully they can see that instead of just banning it altogether and end up not benefiting from it and instead oppress the people.

aint all African governments and even worldwide doing that? not just Nigerian but also in Algeria and Morroco is the same thing.

honestly i think this is a stupid thing to do because they have the chance to develop their countries using blockchain technology and crypto instead of banning it .

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[yhiaali3]

.... Nigeria is now second only to the US for bitcoin trading.

“Nigeria is now second only to the United States in bitcoin trading” Isn’t that strange!!! Nigeria and the United States both ban Bitcoin, but despite all that, you find that they are in the first and second place in Bitcoin trading, people love Bitcoin and will not give it up no matter what happens, so governments should realize this fact and put in place regulatory laws for Bitcoin instead of banning it and forcing people to work secretly And illegal, this is also proof of how powerful Bitcoin is and that governments will not be able to stop it no matter how hard they try.

[Charles-Tim]

“Nigeria is now second only to the United States in bitcoin trading” Isn’t that strange!!! Nigeria and the United States both ban Bitcoin

US did not ban Bitcoin, it is legal in USA. Only Nigerian CBN ban Bitcoin, no bill passed to ban Bitcoin in Nigeria, that will even be difficult to achieve because many Nigerian political leaders like Bitcoin, even the present Nigerian Vice President and the opposition leader that contested against the incumbent president speak against CBN ban, Nigerians trade Bitcoin P2P. One of the reasons for Nigeria having very high crypto trading volume is the rate of high devaluation of Nigeria local fiat currency, the Nigerian Naira.

[Cryptomiles1]

Looking very close as

Charles-Tim

said earlier it is as a result of Endsarz protects that triggers, but to me i don't know why Nigeria Government don't like what will benefit the youth at large. I look at the street seeing how youth are being wasted every day by day now if they found out cryptocurrency to assist their livelihood and government being against it?
i don't think if the government really deserve the best for the Youth out there. Name it all, do we look at our ICT now this will tells us we don't have a sound DATABASE to keep all records documented and the so government is doing nothing about it rather than to frustrate the youth.   

[Lordhermes]

.... Nigeria is now second only to the US for bitcoin trading.

“Nigeria is now second only to the United States in bitcoin trading” Isn’t that strange!!! Nigeria and the United States both ban Bitcoin, but despite all that, you find that they are in the first and second place in Bitcoin trading, people love Bitcoin and will not give it up no matter what happens, so governments should realize this fact and put in place regulatory laws for Bitcoin instead of banning it and forcing people to work secretly And illegal, this is also proof of how powerful Bitcoin is and that governments will not be able to stop it no matter how hard they try.

With what we are seeing now,that Nigeria is the second in the world trading Bitcoin after US,it is to be believed that the countries that have banned Bitcoin are the ones using it more.Nigerian government banned Bitcoin earlier this year,and ever since then,Nigerians have seem to use Bitcoin in trading even more than any other country apart from US.

Congratulation to Nigeria for coming out the second Bitcoin trading country in the world.So many countries are trading Bitcoin,but the way Nigerians trade and engage in trading have made them the second in the world.

[Marykeller]

have the government of Nigeria persecuted any citizen for cryptocurrency trading, I have been following up with the events from the central bank of Nigeria and the accountant general of the federation and have seen no one being arrested or in court for cryptocurrency trading in Nigeria. what the federal government was trying to do was to warn citizen about volatility and animosity of cryptocurrency.

I am surprised as you are, reading him stating that the Nigerian government will persecute anyone found doing cryptocurrency. Forgetting that the central bank of Nigeria only stopped people from using their bank account to trade on crypto and also inform and warn them of the dangers of investing in digital currency.

Upon the ban place on crypto by the Nigerian government, it didn't stop Nigerians as the second most trading investor of Bitcoin through peer-to-peer means