Author

Topic: Why does telegram p2e platforms thrive in Nigeria despite crypto ban? (Read 22 times)

hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.

But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?

To add up to what Charles-Tim said. We know telegram aren't control by our Government neither do they have any access to telegram to know what is really happening there, in telegram without you having the sole link to the group you wouldn't know or have access to the particular group or community where the p2p trade is going, unlike centralized exchange where you would make account pass kyc and began to access the p2p feature it makes it too open and vulnerable to attack. That is why today our government keeps attacking cryptocurrency exchange especially that of Binance and to their detained staff in their custody.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?

They lied that cryptocurrencies (P2P exchanges where Nigerians are exchanging naira to crypto to be precise) are the cause of naira depreciation.

The government targeted the P2P exchanges.

Some exchanges still have the P2P services till now and Nigerians are using them.

The government are like this because they do not want what they think is causing naira depreciation to continue to cause it. They do not target cryptocurrencies directly.

If Nigeria ban cryptocurrencies, sites like Telegram will not allow Nigerians to open crypto wallet.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
The truth remains that Crypto is not ban in Nigeria. so you might want to make more research before you conclude. there is no legal rule against bitcoin in Nigeria but we only face a little bit of restrictions here and there in our financial activities using bitcoin or cryptocurrency generally.

The P2E Telegram platforms you are taking about is not even up to the standards of platforms that Nigerian government have been battling over the years now. we are talking about major exchanges with billions and not even the shitcoins scams on telegram, Nigeria government has nothing to do with those P2E platforms because participants are on a voluntary risk on participating on them, so every individual takes responsibility for their participation.
newbie
Activity: 27
Merit: 2
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.

But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Jump to: