Which country is wiser?

[sotelorene]

Indian is wiser, since everything relating to crypto exchange has been blocked for Nigeria to access through their website, but the app can still work in the country. Has there been any negative effect on the exchanges due to that? I will say no, but if they took the part that India did, by now those exchanges, as you have highlighted, would have come back looking for means to resolve and licence their platform to operate legally in the country.
 
Currently, what they did was just stop the web from working, but the app people have been trading on the exchanges without having any issues. Only those who are desktop users are the ones facing those issues, which they can still easily overcome by making use of VPN or by easily getting a mobile device just for the purpose of trading. Their is a speculating around X, a user who is also said to be a Nigerian trader lost over $1,000,000,000 on Binance future trading due to a lack of risk management.
 
Nigerians are still actively trading. The government is tackling this issue in the wrong direction; if they follow this with due legal process, they will enjoy and see what they are fighting for.

Yes as for me India is more wiser, in the check of everything Nigeria is not moving forward at all why didn't they just bound gambling bet, instead of crypto currency exchange, i speak because this is what is affecting most of our youth in this country, majority of them rely only on bet, some of them even sell there property because of gambling bet.

[CryptopreneurBrainboss]

The naira P2P is no longer accessible after Binance delists it from Nigerians and most P2P verified merchants that's based in Nigeria have lost their jobs and struggling for survival. There are important phases in the system, we just have to understand the basic information and followed them up. Nigeria just de rush take actions without actually calming down and ensuring to take strategic actions towards the market. There's always a good way to regulate the activities of crypto and it won't affects the smooth running patterns.

The government no care about that one, wetin dem dem want now how we no fit dey trade the dollar without them knowing, them wan block everywhere so dey can determine what the price of the dollar go be to Naira. As e be so na P2P both for crypto and normal trading of the dollars wey dey the country so e dey make the price of the dollar to fit the rise and fall freely and spoil the economy of the country. Like this our currency no get value outside again and e fit dey make people no dey wan buy the Naira or do transaction with Naira instead na only foreign currency dem gondey use thereby making the cost of things for the country to continue dey increase.

CZ might just wash his hands for whatever is done to those employees and the Nigeria government will not find another exchange operating in their country because of this.

This is what the government wants, they no want any business wey dey call themselve exchange to dey function for the country. E dey spoil their business and also empowering the youth wey dey make us fit stand and challenge them. Them want make we dey die in poverty so when dem go come for us to vote them and dash us peanuts we no no reject am because we no dey see food chop. All wetin dey happen so fit be conspiracy to wipe out the means of livelihood for the average Nigerian youth make we go back to the street and to start begging to eat.

[sokani]

Of course the Indian government dey wise pass Nigerian government. India na the number one for the world in terms of the highest number of crypto users, so many exchanges dey interested in the Indian market.

No be everything be gra gra. Nigeria sef dey number two and many exchanges also dey interested in the Nigerian market. Even if awa govt no block exchange apps from Playstore and Appstore like india. Say dem just get a round table discussion with Binance executives and ask Binance to pay a reasonable fee. Other exchanges go like come get licence too to operate in Nigeria but awa govt just rubbish themselves. Just today Binance don officially obtain a license to operate in India after Kucoin bin don obtain their own many weeks ago.