Bitcoin Journey in Nigeria, what Next

[rachael9385]

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Abeg help me tell am well, because me self no con understand watin em dey even talk again.

Thank God say you don already clarify say you no dey understand, but I just dey ves why you no tell me since if not I for waste my time dey explain something when obviously you don already let me know understanding no dey your body, well I no go blame sha because dem say no be everything na person gats force person no am and this your understanding case wey you tell me now seem to be one of those cases, so carry on with your confusion ✋✋. I go just remind you to stick to the tori way the thread dey talk about as our brother @mate2237 don already talk, well e no go surprise me say you no understand this one too 🙄🙄.

Omor guy,,, FUCK YOU,,,,, abi you won carry grogies force me to understand the rubbish way you dey talk?
See make I tell you, arrest or not crypto currency follow for watin make police pipo dey arrest boys before, as e be say you no go gree me self i no go gree watin you also dey talk.
Maybe, you no really see am with your own eyes but I witness am koro-koro. Well, if you really no dey aware of that one.
Watin make police start to dey search pipo phones? Tell me,,,, 1, because of fraud 2, because of crypto currency.
As them check your phone them see anything Bitcoin logo, nah arrest straight and with that logo way them see, nothing way you go talk wen them go gree again,,, if you get money nah to bail your self or you go cell.
Why because guys been dey use am dey fraud pipo (and you self already know that one) abi you think say nah only this our country nai been restrict crypto currency for the first time?
I no dey against Bitcoin but nah watin xup and nah the legit I dey cap you so.

[Marykeller]

Federal Government of Nigeria ordered the central bank of Nigeria CBN to ban all the cryptocurrency related services in the country in the year 2021 and this has been a discussion among the cryptocurrency enthusiasts though the banned didn't affect them that much because they were all using peer_to_peer(p2p) transaction system. It was restricted from using public service like bank and cryptocurrency related statement in the public space.
And based on the restriction, many were arrested because they violated the restriction law, police arrested some people across the country yet Nigerian youths were agitating and insisting to adopt bitcoin in the country and finally, the newly elected president Tinubu, in the month of November asked the newly appointed CBN governor to accept cryptocurrency in the country, and there was a mini jubilation in the cryptocurrency ecosystem world in the country.

Therefore, now that the long waited expectation has come, what is the next thing to do in the country concerning cryptocurrency. Cryptocurrency is not yet a legal tender in the country, so many businesses are still lagging behind, what's the next step now?

I no see anything much to happen for this matter of CBN accepting crypto back via purchasing crypto through banks since we Nigerians wey know the benefits of crypto they trade am via peer-to-peer.

Wetin this recent unban crypto law go do via bank go be sae, if peso trade crypto using bank, CBN no go block the peso account again as them d do am before when the ban dey in existence. Na that one I see as benefit for this unban

Now, person is free to use bank to trade bitcoin but who and who go like use bank again since peer-to-peer don already d evoke and Nigerians d use am wella, and come use am come follow among the top countries wey d trade crypto for the world despite the CBN ban on crypto.

[EluguHcman]

Therefore, now that the long waited expectation has come, what is the next thing to do in the country concerning cryptocurrency. Cryptocurrency is not yet a legal tender in the country, so many businesses are still lagging behind, what's the next step now?

To my best of knowledge, Crypto currencies has never been termed illegal in this country Nigeria rather it it placed on suspension only specifically on the government sectors but not restricted to the Private sectors due to the P2P transactions possibilities of the Coins bitcoin.

The nature about the suspension of cryptocurrencies has not really affected my Bitcoins trading because I am after chasing making profits as other potential valuable alternative of of Bitcoin inventory otherwise if it would be massively adopted it would be an advantages to the Bitcoin holders in terms of service transactions

[Mate2237]

Therefore, now that the long waited expectation has come, what is the next thing to do in the country concerning cryptocurrency. Cryptocurrency is not yet a legal tender in the country, so many businesses are still lagging behind, what's the next step now?

To my best of knowledge, Crypto currencies has never been termed illegal in this country Nigeria rather it it placed on suspension only specifically on the government sectors but not restricted to the Private sectors due to the P2P transactions possibilities of the Coins bitcoin.

The nature about the suspension of cryptocurrencies has not really affected my Bitcoins trading because I am after chasing making profits as other potential valuable alternative of of Bitcoin inventory otherwise if it would be massively adopted it would be an advantages to the Bitcoin holders in terms of service transactions

Though in that period everyone experienced different challenges in the country. Some of di traders or vendors I met in different exchange specifically written it down in their comments box that the seller or buyer should not make mentioned of anything related to cryptocurrency in the process of transaction and I also obey the law of the person. Bitcoin was restricted from the public use and only that act of the FG and the CBN, should be tagged as illegal.

Because if I was not illegal to them den dey for allow it to operate. Or they would say make dem regulate the process. And because of the fear of police arrest, even the private transactions were not make known to the other party that I am sending cryptocurrency. There was fear everywhere. And if it was not illegal we for no fear. The restriction come with fear and di fear came as di illegal business in the country. Nigeria SEC, accused Binance that they were operating in the country illegally.

[Agbe]

Now that the USA SEC has approved Bitcoin ETF, the adoption of Bitcoin in the whole world will increase and Nigeria will not left out. And this will also have or play good impact in the Bitcoin community in the country and Nigerians and it agencies will also adopt Bitcoin with their new token to improve the economy in the country. And now that the inflation in the country is high, and if local business start to accept Bitcoin then it will regulate Prices of some the local product to reduce their prices.