Upon the high number of people that invest on Bitcoin in our country can't convince those old dying folks that Bitcoin and any other Cryptocurrency is legit and not fraudulent. Very unfavorable decision and I'm not loving it all, I feel perplexed at the moment.
...and that is what I would have expected from any country with right thinking economists at the helm of affairs. It does make no sense to me to have Cryptos banned in a country listed as one of the poorest in the world.
Cryptocurrencies have come to stay and cryptocurrency will really change the way we make transactions in future. But in my country Nigeria it is a different story because our government doesn't want to embrace this new technological innovation.
My own county's government are looking for every means possible to end the use of cryptocurrencies in the country. Just yesterday, the Central Bank of Nigeria gave an order to suspend all accounts of those trading on cryptocurrencies effective and immediately. How can our government be this wicked?
Very wicked bro, that has made my earnings being stuck on my local wallet. Meaning i can't withdraw the funds for now till the issues going on with naira and Cryptocurrency is settled then I'll be withdrawing.
That's exactly the situation with all of us here in Nigeria currently. We curse on our government every day because they don't mean well for their citizens especially the youth. They won't provide or create any job and they will still want to stop you from hustling to make money online in a legitimate way.
Guy their is nothing good with our country. Everywhere one goes to earn legitimately both online and offline its not pleasing to them. I don't know where next they want us to go and make this money. I don't just know what came on their mind that will make them halt the progress of buying Cryptocurrency with naira. They will just be like that making dreadful decisions that is highly unfavorable to its subjects.
Yeah , since the value of bitcoin increased after that many new traders stepped into the market. The future will remain bright and accepted by the government if these traders increase day by day and then government cannot deny this to public , So , seriously cryptocurrencies have a good future for future payments.
I got the real information now about what is transcending around Nigerian government banning Cryptocurrency. It was only for the banks its taking effect on, and not individuals. That means that, Nigerian government doesn't want banks to use the country's fiat currency to trade or buy and store Cryptocurrency cos they said it will devalue naira. Their aim of banning banks from investing on Cryptocurrency is for the naira to have value and not dwindle.