btaliat
VIP Contributor
The cryptocurrencies users in Nigeria have been having tough time ever since the regulation on the using of banks for cryptocurrencies transaction in the country. However, there is always light at after the tunnel. The cryptocurrencies users in the country should not let this weigh them down but rather channel diffrent means of trading in cryptocurrency. This are the implications of the regulations
1.This recent regulation will give Nigerians ability to involve in long term investment. Which is even better than having any money in bank. The ban can never go for life. You can just leave the coins till when he the ban will be lifted. I am very sure by then that your money won't be the same value.
2. The increment in the rate of peer to peer transactions, people will go back to the root. We will start looking for platforms like binance, remitano and the likes that support peer to peer.
3. Government will want to come into the market. They may ask Banks to find a way of regulating their activites.
Which other ones can you think of?
1.This recent regulation will give Nigerians ability to involve in long term investment. Which is even better than having any money in bank. The ban can never go for life. You can just leave the coins till when he the ban will be lifted. I am very sure by then that your money won't be the same value.
2. The increment in the rate of peer to peer transactions, people will go back to the root. We will start looking for platforms like binance, remitano and the likes that support peer to peer.
3. Government will want to come into the market. They may ask Banks to find a way of regulating their activites.
Which other ones can you think of?