Which country is wiser? - page 2. | Bitcointalksearch.org

promise444c5

sr. member

Activity: 476

Merit: 299

Learning never stops!

Both are so f*kng dump in the case of India wbt the other exchanges do they think they will absolutely come back to get licenced?? and what's the essence of blocking them out in the first place??just to fine them Huh

I just have a lot of question to ask this s**kers.
Like you said

Quote

We are in 2024. There are ways to handle some cases without detention and lawsuit.

and I think this the main reason they are acting dumb both country are still in their early 20s

Orpichukwu

sr. member

Activity: 714

Merit: 409

Indian is wiser, since everything relating to crypto exchange has been blocked for Nigeria to access through their website, but the app can still work in the country. Has there been any negative effect on the exchanges due to that? I will say no, but if they took the part that India did, by now those exchanges, as you have highlighted, would have come back looking for means to resolve and licence their platform to operate legally in the country.

Currently, what they did was just stop the web from working, but the app people have been trading on the exchanges without having any issues. Only those who are desktop users are the ones facing those issues, which they can still easily overcome by making use of VPN or by easily getting a mobile device just for the purpose of trading. Their is a speculating around X, a user who is also said to be a Nigerian trader lost over $1,000,000,000 on Binance future trading due to a lack of risk management.

Nigerians are still actively trading. The government is tackling this issue in the wrong direction; if they follow this with due legal process, they will enjoy and see what they are fighting for.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Nigeria or India?

Nigerian government blocked all exchanges website, went after Binance naira P2P, but left mobile app of the exchanges to be accessible. Binance officials came to Nigeria but they defend them. One escaped but they still want to make Binance pay fine.

India blocked the exchange websites. Later told Google and Apple to remove the exchanges from their app store. They have no one to arrest. Kucoin or so (please correct me if wrong) was given license. Recently Binance dialogued with them and wanted or maybe has paid 2 million fine.

Finance and many other exchanges can not afford to leave Nigeria also. According to Chainanalysis, Nigeria emerged as the number one in 2 trading all over the world and we adopt cryptocurrencies generally.

We are in 2024. There are ways to handle some cases without detention and lawsuit.

Topic: Which country is wiser? - page 2. (Read 238 times)