When they say success have many faces, it is real.
You should strive towards success in every aspect of your life.
Education, Finances, HUMAN RELATION, ...
you deserve greatness in everything you want.
Nigeria banned crypto. Then it unbanned it. Now it's taxing it.
And somehow, the government still doesn't realize: you can't regulate what you don't understand.
Nigeria has the highest crypto adoption rate in Africa โ arguably one of the highest globally. P2P trading didn't die when the CBN "banned" banks from servicing exchanges. It just went underground Making it more expensive, more risky and more exploitative.
Now the SEC wants licensing. The FIRS wants taxes.
But here's the uncomfortable truth nobody in Abuja wants to hear:
You can't build a digital economy by fighting the tools your youth are already using.
The same young Nigerians trading crypto are the ones:
Hedging against a naira that's lost 70% of its value in 5 years
Sending remittances without Western Union eating 10%
Building Web3 startups that global VCs actually fund
The government's position isn't "regulation." It's control disguised as policy.
And the real kicker? While Nigeria hesitates, Kenya, South Africa, and even Ghana are drafting frameworks that attract capital. Nigeria's drafting frameworks that extract from its own people.
Crypto isn't the problem. A monetary policy that makes saving in naira feel like burning money is the problem.
My take: I genuinely think the amount needed for licensing is too HIGH. Nigeria won't lead African fintech until it stops treating its most financially literate generation like criminals.
Agree or disagree? ๐
THAT BEEN SAID, COMPLIANCE IS CHEAP.