The Nigerian entity – Stakeholders in Blockchain Technology Association of Nigeria – reminded that cryptocurrencies and all related activities are still legal within the African country’s borders. As such, public and law enforcement agencies should stop their “demonization and discrimination” towards the sector.Dealing with cryptocurrencies is not legal everywhere around the globe.
“Under Nigerian law today, it is neither a civil nor a criminal offense to buy, sell, or store cryptocurrency. The use of cryptocurrency as a medium of exchange, an investment asset, or store of value is a legitimate act in Nigeria.” “Nigeria needs advocacy programs, specific education, and constant mass engagement and collaboration to equip the public and the regulators with an understanding of blockchain.”
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