One year dun pass since our government through CBN run this matter, i wan ask something, how una feel say this matter dun affect crypto for Nigeria for the past one year? Has our community been affected by this policy. Any possibility dey say our government go fit lock up this matter this year onto say election go soon reach and dem go want make body sweet us?
The ban get pros and cons
That time, I remember my brother that tell me say e go make sense to convert all my bitcoin to naira, he dey also fear due to Chinese FUD that dey around that time, na me come dey tell him say all na FUD say nothing go happen, tell ham say no be the first time China dey ban bitcoin, but bitcoin price still increased.
Because of what CBN president do, many Nigerians come dey panic. I believe this go let some Nigerians to back off and not invest in bitcoin and other crypto asset.
But the ban favoured us, no tax paid and other government issue related to tax, it is p2p and quite going excellently. Also crypto adoption for Naija still increased but I just dey think probably the adoption could have been more if CBN no ban crypto.
This no be indication of not to pay tax, we should be good citizens
But as it is like this, are they really monitoring people account, because people still they do cryptocurrency transactions and them accounts they active, abbi na me no know the exact ban wey they?
If you no get skeleton for your cupboard, you no need to fear, crypto transaction dey go on smooth, but we need to dey careful of any form of scam because if we are scammed, government no go intervene most likely.