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Consequences Of Using Crypto In Countries Where Cryptocurrencies Are Banned?
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[QUOTE="Sotherefore, post: 218169, member: 27033"] But the government of Nigeria was not really stopping people from engaging in cryptocurrency because if they actually did that everybody wouldn't even engage in cryptocurrency because they could have banned all cryptocurrency exchanges from operating within the specs of Nigeria and Also cryptocurrency wallets. Well the only thing the Nigerian government was trying to do was that it was only dissociating the financial institution from participating in cryptocurrency because they consider it to be un official . Probably because of criminal activities in the online space a lot of scammers are using cryptocurrency because it is decentralized and encrypted therefore making it difficult to be tracked. Countries that has imposed a strict and complete ban on cryptocurrency and as such as you are not permitted to buy or trade cryptocurrency Because you could easily get into problem with the government because whenever a country bans cryptocurrency and it's operation the security of the country will turn against it seeing it as an illegal act and you could easily be arrested if you are found to be participating in cryptocurrency. Even if you can avoid being banned it will still be very difficult for you to have the freedom to invest and trade fully. [/QUOTE]
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Consequences Of Using Crypto In Countries Where Cryptocurrencies Are Banned?
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