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Crypto news is really trending in my country presently. Crypto world has really transformed lots of lives today of which I am one of the major beneficiary. If you claimed you aren't then just reading this post you've been implicated already hahahahaha. Why are you here? What are you doing on this space? It's crypto that binds us. Wow can you see a mystery? Crypto unites nations, races, and so many other things. Men...the relevance of crypto today can't be overemphasized. I have no regret since my advent on this space. It's rapid development and improvement from one level to another.
I have seen people that had nothing before but today through God's grace and the help of crypto, their lives has received a quantum shift such that they become a financial source to other lives out there. One of my passion in life is to affect humanity with the little I have either knowledge, cash or kind. My journey on crypto has been palatable because of this. The country where I hail from is called Nigeria located in the west Africa region of the continent of Africa. The truth is that every year thousands of graduates are produced from the higher institution and these people find it difficult to be absorbed into the labour market because the opportunity for work is not sufficient and the available resources can't accommodate everyone. This challenge creates a loophole for unemployment, at times other atrocities.
The country is still underdeveloped nation and the people with good workable ideas are not given opportunity to showcase themselves. These summed up to the other existing challenges of the nation. The twenty first century invasion has really brought lots of changes in the lives of people and youths. The internet and computers creates an enabling environment to work even at work without necessarily having a physical office or building.
what's the current stance on crypto?
With the clear impact that crypto has done to humanity, there is a current stance on crypto in my nation. The government is trying to place ban on naira probably trading on certain exchanges. Currently there are certain exchanges that you won't be able to transact with naira. We see differently and act differently that's my take on this. The government has not considered the massive impact and reduction in unemployment that crypto has brought. Putting a ban is like increasing the rate of crimes and other evils in the nation because many may be idle. I think the government need to reconsider her present decision on this. They should propagate better and more policies that would synergize with crypto is doing.
The effects
Every decision has its impact on an individual and community generally either positive or negative. There are varied kind of people in the crypto space today. Amateur whereas some that advance are professional hence they know how to navigate through other platforms in the crypto space to continue their business. The question is what of amateur like us? Seriously this decision is biting on me. Crypto has international reputation hence any country that want to boost her economy should engage in this. These decisions taken by the government CA ruined other opportunities they have with the international community.
My suggestion
This is 21st century where technology rules everything. Growth and development can't be sustained with a good breeding space for technological advancements. The government should reverse this policy and permit naira to thrive in the crypto space. Crypto traders also should be disciplined and have self control especially in running transaction on this space. It shouldn't be abused for money laundering or a bank for evil.
Thanks for reading through.