Noting that on the Feb. 2024, I previously made a thread about me telling a bank customer care that I am a Bitcoin investor in referencing a fact that I was restricted from making fiat withdrawal from my bank account after trading my bitcoin
How safe is it letting the bank know that you are a BTC Investor?.
it is becoming scaring to me that I might not be safe to escape whatever plans the federal government maybe structuring against Bitcoin enthusiasts here in my country with the nature of actions that is currently practically carried out.
By February
binance disables the naira feature on its p2p market as the government demands, after much tussles between the Nigerian government and the Binance exchange and by March
A Federal High Court in Abuja has ordered binance to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.
That did not end there as more actions threatens Nigerian Crypto enthusiasts.
OKX and some other crypto exchange platform follows to delisting naira in their p2p platforms amidst tussles with the Nigerian government.
It still follows as the
Central Bank Of Nigeria bans Fintech companies which includes Moniepoint, Opay, Kuda, others from taking new customers over cryptocurrency involvement. The government has been taking these actions distabilizing the financial welfare of its citizens relying their source of income with those investing for a long term goal against their retirements without given a real fact on how really Bitcoin and other cryptocurrencies enthusiasts are being manipulating the fiat naira as being accused.
While others crypto enthusiasts awaits the lift of ban of the Fintech companies, the government went on extra mile which has of recently prompted
fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activitiesMeanwhile... Upon the sanctions of the Fintech companies not getting involved in any crypto P2P trading related transactions, the commercial banks are not included to the P2P restriction.
Right before me, I feel some shits phishing that the federal government is gradually forcing the exchange platforms and the Fintech companies out to be left with few platform if not just one exchange where all the Nigerian Bitcoin and Crytop enthusiasts would be centralized so that they can finally have the list of the Nigerians trading and Investing in Bitcoin and the Crytop currencies.
They already owns the commercial banks so they could easily get whatever data of why Crypto transactions across any of them which we the Nigerian Crypto investors are optional left with.
They are probably structuring a chain on their citizens involving in Cryptocurrencies.
So recalling my recent post to had let the bank know that I am a Bitcoin investor, I myself doesn't not feel safe.
There is nothing impossible for my government to do which the masses are aware of. The voice of the people doesn't influence the government instead they influences the people.
We fears what we would be the summary with the drastic actions of our federal government. 🙏
