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Nigeria's economic situation

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Zayabela

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Post Sat Aug 14, 2021 2:07 pm

Nigeria's economic situation

Nigeria’s adoption and rates of cryptocurrency trades have continued to rise despite staunch opposition from the government.

Last week, UsefulTips reported that nearly $40 million worth of Bitcoin was traded in the last 30 days by Nigerians and On Google trends, Nigeria continues to top on searches for Bitcoin.

Though the Central Bank banned the trades of digital currencies in February, claiming the decision was made to protect Nigerians from the volatility of the market, it turned around to announce a trial run of its own digital currency from October.

The CBN last year, at the height of the #EndSARS protests, restricted financial institutions from receiving or making crypto payments.
Last edited by Zayabela on Sat Aug 14, 2021 4:24 pm, edited 1 time in total.
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Markosik

Young Brewer

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Post Mon Sep 13, 2021 2:14 pm

Re: Nigeria's economic situation

Hey,
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Hoser88

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Post Mon Sep 13, 2021 10:13 pm

Re: Nigeria's economic situation

I've heard that this country has many people interested in trading, and it's not surprising to me because this industry is quite profitable.

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