I don't think India still has plans on placing a restriction on crypto currency cause the last I heard they where making plans to regulate crypto, I think Nigeria should also try to find ways they can regulate crypto as well.
That's very true. The main point of concern is Nigeria, I think they should also regulate crypto. But what do you think brings about The ban of cryptocurrency in Nigeria?
That's very true. The main point of concern is Nigeria, I think they should also regulate crypto. But what do you think brings about The ban of cryptocurrency in Nigeria?
Well they do have their reasons and one of them is that crypto has been a means people use in making transactions with illegal money, and they believed those who founded the end SARS riot back then did this with crypto.
That's just their own personal opinion but I think cryptocurrency illegal. The ban of cryptocurrency has brought many setbacks, in my own opinion our Nigerian government does not anything that will aids in the development of our country.
This is very true , because if I could remember the Chinese ban were Bitcoin and other coins in the market fell to almost 50 percent so many people made huge loss instead of more profit in that case
You made mention of the ban bringing in so many setbacks, I would like you to please throw more light on this. What setbacks as crypto currency brought to our economy and nation?
One of the thing i have come to undersatnd about what most countries are trying to do is that they want to be in full control and have the regulatory power over curency matters,reason most of them are coming up with their own digital curency.The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.
They are again planning to ban Bitcoin In India and also stop all the trading platforms going on with it of all rhe cryptocurrencies
Govt to introduce bill for banning cryptocurrencies. Here's what you need to know
The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.www.hindustantimes.com
Being an Indian , I found it really bad.
I saw this on the Hindustan Times India -
Comment your opinions down below -
Even though cryptocurrency has come to stay but government has some authority to decide if cryptocurrency should exist in his or her country or not. We just hope they don't just banned it
I am really surprised that a country like India would ban cryptocurrencies because i believe India is one of the countries who are trying to stay in touch with the modern times especially through online means. In my view, this is not a good decision taken by the governmentThe Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.
They are again planning to ban Bitcoin In India and also stop all the trading platforms going on with it of all rhe cryptocurrencies
Govt to introduce bill for banning cryptocurrencies. Here's what you need to know
The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.
Being an Indian , I found it really bad.
I saw this on the Hindustan Times India -
Comment your opinions down below -
Criminal activities
, and also fraud that's the main reason why my country Nigeria bans the use of cryptocurrency, but I think the issues has been resolved.