I am so much concerned to why Nigerians government is banning the use of p2p on some crypto apps. To their allegations, it's said the crypto is affecting the currency and it also aids money laundry. Can anyone enlighten if what the government is doing is the right thing. The government left the banking sector and blames binance and other crypto companies.
It's very sad and pathetic by the Nigerian government thinking that banning p2p transaction will strengthen the naira, because they have fail to understand that as it stands now, the country is doing more importation than exportation, even the least tooth pick is being imported, tell me why the naira wouldn't lose value?
Since they decided to be fighting cryptocurrency and the forex trading, what have they achieved? Has the naira gained value? No, they are doing the wrong thing over and over again thinking and be expecting a different result, am just curious to know how they want to go about it, because in Nigeria that am from, I know for a fact that we are crazy technologically, their is always a way to beat sanctions, let's just watch and see where this line of actions leads them too.