Crypto traders and users residing in Nigeria are now treated as Criminals by lebey1

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· @lebey1 ·
$3.25
Crypto traders and users residing in Nigeria are now treated as Criminals
![tech-daily-dr9Dp1RVYgQ-unsplash.jpg](https://cdn.steemitimages.com/DQmQE8Yp6XAvDTezCsgLnPGxqEFKogTLRJFb14Wzq7TVukF/tech-daily-dr9Dp1RVYgQ-unsplash.jpg) <center>[unsplash](https://unsplash.com/photos/dr9Dp1RVYgQ)</center>


The war against Cryptocurrency and the Nigerian government has taken another twist as the government has set out to make the lives of Nigerians dealing with the currency much harder. In a twist of event, the government has decided to treat everyone who is involved with Crypto as a criminal and they will be prosecuted based on the criminal code as established under the Nigeria government law. 

This measure has been taken by the government to ensure that Nigerians and youths are being persuaded not to engage with the technology. So far, the measures taken by the government have worked as statistics from Binance show that the number of trading done by Nigerians has drastically reduced by 42 percent last week. 

The reason for this harsh measure being employed by the government could be traced back to the event of a year ago. Yes, the #EndSars movement necessitates the Nigerian government to want to ban the technology as it was used in the fight against corruption, Injustices, and Police Brutality in the nation. 

The cryptocurrency technology was used to support and fund the movement as donations came from all around the world in either BITCOIN or Ethereum. The Nigerian government couldn’t do anything to stop this as they have no control over the technology. Hence the first strike of the Nigerian Government was to ban Twitter which happens to be the social media that helped communicate this maltreatment faced by Nigerians to the World.

This ban alone causes millions of Nigerians to lose their jobs as Twitter has provided a lot of jobs to many Nigerians and serves as a medium with which companies reach out to a wider audience. Now the crypto ban is next, and the result has seen the use of the technology hit a rock as it seems to be decreasing. Nigerians are suffering heavily from this and yet the Government has paid no attention to the cries of the masses. 

The crypto bans have opened Nigerians to another round of police brutality, and this conforms to the fact that the Nigeria Government has learned nothing from the End Sars campaign that was embarked on recently. The police themselves have set out to capitalize on this new direction as they have used this medium as an avenue to extort the masses once again. 

It is common to see Police Stop a Nigerian Citizen and ask them to unlock their phone while they scan through it to see if the owner has a Binance or other crypto-related apps on their phone. If found guilty of this, the culprit will be abused physically and mentally and it’s becoming a norm already as people have started making peace with these great injustices. Nigerians once again as been put under the hot knives of the government and everyone is treading with care. 

So, in summary, cryptocurrency is currently being banned in Nigeria and everyone dealing with it will be treated as a criminal. This will further render more Nigerians jobless while further increasing the hardship in the economy. Nigeria's government is running the economy down with its bad policies which aim to weaken the youths and crippling by making sure that they don’t have the tools needed to take the reins of the government and do something good for themselves.
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vote details (199)
@samminator ·
Ah swear baba, d tin don tire pesin. E get my guy wey ekelebe stop for road, dem come look inside ein fone come see say ein get crypto apps, na ein dem grab am. If I tell u how much dem comot from ein hand ee, u go shock.

Notin do u baba
👍  ,
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@lebey1 ·
make God have mercy. me don buy another phone sha.. when I am going out, I go out with my new phone and keep the crypto phone at home. i no want wahala
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@crypto.piotr ·
@tipu curate 5
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@tipu ·
<a href="https://tipu.online/curator?crypto.piotr" target="_blank">Upvoted  &#128076;</a> (Mana: 0/5) <a href="https://steemit.com/steemit/@tipu/tipu-voting-quick-guide" target="_blank">Get profit votes with @tipU :)</a>
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@crypto.piotr ·
Dear @lebey1

> the government has decided to treat everyone who is involved with Crypto as a criminal and they will be prosecuted based on the criminal code as established under the Nigeria government law.

I've read that only people age 18-30 will be subject of those laws. Is that true?

I wonder if Nigerians authorities have actually power to ban crypto. Comparing to China - they have very little resources and control over their population. And even China seem to be failing in that area.

My impression is, that current ban is strictly related to e-naira CDBC. Most likely your goverment and central banks are concerned that more capital will be moving away from their system into bitcoin network. Which is a valid concern.

However, banning crypto isn't solution which can prevent it from happening. Problem is not crypto, but lack of trust towards FIAT currencies and recent crazy monetary policies ("printing" money like crazy is one of them).

> This ban alone causes millions of Nigerians to lose their jobs as Twitter has provided a lot of jobs to many Nigerians 

That sound so tragic :/

ps.
Just few days ago, my friend @doppley wrote a post on similar subject: [Crypto ban in Nigeria - Will Nigeria be excluded from the crypto space?](https://steemit.com/hive-175254/@doppley/crypto-ban-in-nigeria-will-nigeria-be-excluded-from-the-crypto-space)

Upvote on the way.
Yours, Piotr
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@lebey1 ·
Yes.. the age 18 to 30  group is for banks to monitor their account and question them on where they got their money from
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@chucho27 ·
Greetings @lebey1, Wow there are many problems in Nigeria to work with cryptocurrencies, being this the alternative to achieve income in many countries for people who want to improve our quality of life.
👍  ,
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@lebey1 ·
The government wants to have total control over the youths and thats sad
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