I think the rules and restrictions that the government has imposed, seems like a joke, as more users are now moving towards crypto. I can't really agree with the 90% of youths joining the crypto space, but I think a good number of youth are already into it. I made a post on this same board some weeks back, where I shared my experience: on how I heard students who should probably be in j.s.s1-3, discussing about cryptocurrency. Though, they literally don't know what it means, but the financial aspect of it is attracting so many.
So what do you think, the on the government fight against cryptocurrency and how have it yield any success, or have it add fuel to the fire that flame up the love for the adoption of crypto in Nigeria?
Truth be told, I think this ban is not good, even though we are still able to use cryptocurrency in some way. Their ban and tough restriction didn't change much, but I think it still has a way of slowing down adoption. The reason why we see more Nigerians still showing interesting, especially through new projects that comes in different form of airdrops (tapping, referrer, etc), is because Nigeria is a place that is easily moved by trends. You and I know very well that things can easily trend in this country, especially with the presence of social media ( a driving force). So, I think, as long as social media and internet exist in the country, the government's restrictions can't cause much harm, but it would slow the adoption rate somehow.