Good-Guy
VIP Contributor
Cryptocurrency is one of the most traded digital asset right now. I know there are a few other kinds of digital assets such as digital gold that are also being traded in the global online market, but the fact of the matter is that cryptocurrency trading remains on top. I have noticed that there are many countries that have banned cryptocurrency trading, but it seems that the ban has not affected the trading activities in such countries. For example, Nigeria is one of the countries where the government actually tried to stop people from trading by banning the digital asset altogether and instructed the Nigeria's central bank to stop dealing in cryptocurrencies.
However, according to many news sources, this ban had no effect at all on the traders and the coin traders are still carrying out the trades. I know that traders would not be able to transfer the money directly, but there are still several ways to withdraw cryptocurrencies without even using your local or central bank. I am not sure about the consequences of trading cryptocurrencies in a country where trading is banned. I personally think that it is safe to trade in a country where cryptocurrency is banned until or unless you openly declare that you are trading in cryptocurrencies. What is your opinions or advice?
However, according to many news sources, this ban had no effect at all on the traders and the coin traders are still carrying out the trades. I know that traders would not be able to transfer the money directly, but there are still several ways to withdraw cryptocurrencies without even using your local or central bank. I am not sure about the consequences of trading cryptocurrencies in a country where trading is banned. I personally think that it is safe to trade in a country where cryptocurrency is banned until or unless you openly declare that you are trading in cryptocurrencies. What is your opinions or advice?
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