For some time now Nigeria has been the opposite of what we would call a crypto-friendly nation.
At first, it was Binance. Mehn, it was a very tough one due to how many users use Binance but in the end, they had to discontinue the Nigeria Naira from their P2P trade. But luckily they still made their platform usable for Nigerians just that you can't trade to naira anymore.
Fast forward to today, it's now OKX. But the difference this time is that they are now going to completely discontinue their services to Nigerians. A very sad news for its users I would say.
This of course doesn't look well on the country as even the giants we all look up to which is the U.S. are making sure crypto can thrive in their country. The EU are also making sure they find a way to regulate crypto, but here in Nigeria, we are looking the other way which might ultimately cost us.
For a country like Nigeria which is filled with crypto enthusiasts and experts, it's sad to see the governments making such irrational decisions just because they think it's all a scam or a money laundry technology that will end with many people losing their money.
Not that these fuckers care about the citizens anyways but deep down the reason these people are making such harsh decisions is all because they(the government) are not benefitting from the money that is in the crypto space.
Moreover crypto also gives the average Joe's freedom from oppression from the banks and government all in one go so it's one of the reasons I think it might take a long time before we get to see a Nigeria with many crypto products and services.
Apparently, this might start becoming a thing where many crypto services start neglecting Nigeria due to its harsh stance on crypto, and I won't be surprised if people start leaving here to seek better countries with a friendly stance on digital assets - at least that's what I will do when I have enough crypto portfolio.
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