THE NIGERIAN JOKERS(GOVERNMENT)

in LeoFinance2 months ago (edited)

It's no news about the CBN ban on cryptocurrency transaction in the country(Nigeria)

What could be the the aim and objectives of this illicit act by the governmient.

If you have no much info about this giant of Africa in terms of economy and its view on cryptocurrency...

Here's some

  • Nigeria has a population of over 200M citizens where 40% live in poverty(less than $1.9 a day)

Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, with an estimated 87 million Nigerians, or around half of the country's population, thought to be living on less than $1.90 a day.

  • Nigeria is one of the top 10 highest crypto adoption in the world by Chinalysis

chainalysisranking696x420.jpg

IN MY OWN OPINION

The Nigerian youths have always been a victim to this illicit and unprofessional act.

Draw back to the #Endsars protest
The first thing the government did after they brutally massacred 40+ citizens at lekki toll gate

pray their soul find peace

  1. They tried to regulate the use of social media.
    stating that the social media fuelled the protest as the death massacre video were all edited video clips.

Even after CNN used the satellite technology to analyse everything that happened and proved that it happened as seen on the news

  1. The accounts of protesters supporting the protest financially all got banned/freeze without a genuine reason for such action.

This made people start making donations through Bitcoin

Another loop I'll say is opened again to have freedom and free speech and they are always in a haste to block

COMPARING TO OTHER COUNTRY

I think I eavesdropped somewhere about Venezuela government issueing licence to Bitcoin minners so as to benefit from this great crypto opportunity

These parameters, duly articulated jointly between Sunacrip and Corpoelec, will allow digital mining to generate benefits for all. The companies that do not comply with the requirements established by the governing bodies in the matter will be outside the law, and the corresponding sanctioning measures will be applied.

Also,

There are four cities in South Africa that have bitcoin ATMs according to listings on CoinATMRadar.com. Pretoria tops the list with two machines followed by Cape Town, Johannesburg, and Nelspruit each with one Bitcoin ATM.

This is a great development for the south Africans in my own view as they get to buy/sell bitcoin easily thought the atm.

This is how the future will definitely look like.

ARE THESE JOKERS STOPPING ANYTIME SOON?

NO THEY'RE NOT YET DONE.

THE FACT IS THEY ARE JUST FIGHTING A WAR THEY ALREADY LOST.

I think they are all confused as to what can be done to keep the masses in a loop of being a poverty driven nation.

The power is about to change from the centralized environment to decentralized paradise I think.

Still stating the fact on this issue do you think these JOKERS are that educated enough to educate others

Consequently, the central bank says it will “continue to do all within its regulatory powers to educate Nigerians to desist from its use

YOU GOT TO BE KIDDING ME 😁😁

CONCLUSION
With all the stated facts. it's a good development for the cryptoverse as their action will bring about more awareness to the decentralized nation we are building.
Which we can all be living happily ever after.

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It’s a shame definitely. A good advantage for Nigerian people is having a very young population. They’re crafty and will adapt quickly to find ways to bypass all this.

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Its such a shame. Another thing that just even hit me this morning is that banks has started closing down peoples account related to crypto in any way.

We'll surely adapt quickly, just that things won't be the way it use to be. Alot of young people will either go to other nearby country for safety.

Everyone can't move too, this will get things heated up and maybe another protest, that might not end well for both parties. I hope they reverse their decision before Nigerians start taking law into their hands. It what we have seen before

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It is a pity that a nation faced with financial bankruptcy even with the natural resources we have, are still doing everything from a spotlight to shine. Nigeria is a blessed country in resources but it hasn't shown in our economy. I wonder how our past leaders who fought for our freedom feels right now looking down at what the nation is turning into

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Yes you are right brother. We have the resources but I think we don't have the right leaders to put it to good use.

Those who fought for or freedom I believe has done their path. Now is time to do ours,we'll keep pushing until things get better

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