It has already been 4 years since I got into Cryptocurrency and I know that Nigeria as a Country has been unreceptive to Cryptocurrency since those days.
On several occasions, many Nigerians who hold Crypto assets in their portfolio have been in situations where they got harassed and extorted by our security personnel. They basically stop people on transit and browse through people's gadgets to spot anything that is related to Cryptocurrency.
Even Crypto Exchanges like Binance and OKX cancelled the Peer to Peer pairing that was available for Nigerians who want to convert their digital asset to Naira and vice versa.
The Banks in Nigeria were also instructed by our Central Bank to track all transactions and freeze any Bank account that is used to run Crypto-related transactions. That's one of many unreceptive moves being made by Nigeria to make things hard for Nigerians who are Crypto Enthusiasts.
Remember when Tigran Gambaryan, a Binance Executive, was arrested in Nigeria and charged with money laundering?
That particular move didn't leave a good taste in the tongue of Nigerians who are Crypto Enthusiasts. That particular charge has been on since six months ago. It wasn't until this morning that his charges were dropped.
Now, the big question is;
Will Nigeria now embrace Cryptocurrency and Blockchain?
That's the question that a lot of people are curious about.
Nigerians are one of the most active folks in the Web3 Ecosystem despite the stance of Nigeria on Crypto. If the country openly becomes welcoming to Cryptocurrency and the Blockchain tech, that decision will potentially have a huge impact on the adoption of Cryptocurrency in Nigeria.
All ears are open.
Thanks For Not Missing Any Full-stop or Comma.
Thumbnail Image is taken from Unsplash
Follow