Crypto: Nigerian Govt are bunch of a mess.

in #hive-16792210 months ago

Sometimes in 2021 during the last bull run, I made a couple of dollars, much enough to have a nice tech start-up, and what came to mind was having another wallet to convert Naira to BTC, USDT, HIVE and few other tokens to start with. Then, we started, I pulled up a team of experts, and we started the work. After we had crafted the UI, and done some work on the API and stuff, the then CBN Governor who is one of the most corrupt Nigerians as of today as he was compelled to return over 4 trillion Naira recently, placed a ban on Crypto and everyone found trading publicly will be jailed. Several small crypto companies in Nigeria took the heels of other safe countries in Africa, and some even had to move beyond. Those who were unable to leave shut down.

We had to stop the development and move to another stuff. After their crazy administration, the new people came in under the same political party, and they lifted the ban on crypto users in the country just months ago, were happy, but we did not know they had more crazy measures and plans. Due to their failure, dollar began to rise againstthe Naira, and they blamed every institution that trade in dollars. They blamed it on Binance, and when they did their findings, they realized 28 Billion dollars had been traded on Binance in the last 1 year. That is a crazy amount of money and sure the people who would shoot that trading that high are the politicians that were embezzling. Because of all of this, instead of stabilizing the economy, the banned Binance p2p.

They arrested the Binance representative in Nigeria and they demanded the data of every Nigerian who has been trading on Binance since its inception. They claimed Binance is been used by criminals and they want to find them. Meanwhile, the politicians are the criminals they are looking for. 99% of those MFs are thieves who take more than they can spend even if they live for 1,000 years. They want to cause more problems for common citizen that depend on crypto for survival when they do not have any solution to stabilize the economy. The problem they are looking for will still come. They revolution will soon happen. Dust will go for dust and the change will come.

Sort:  

Muy interesante!!!