Is There a Chance of Crypto Regulation in Nigeria? by samostically

hive-167922 · @samostically · May 19 '22

$9.01

Is There a Chance of Crypto Regulation in Nigeria?

![20220520_002551.jpg](https://files.peakd.com/file/peakd-hive/samostically/242DfKwQ9B4TLBJ1VX95BJ9HPKrmEfeyEk3TjFDiTYH9PuMTtY1ZscEwRRvzbMWRhdMv6.jpg)
<center><sub> [Image by Bitcoin Magazine](https://twitter.com/BitcoinMagazine/status/1525978343497138176?t=S1JhnSIdg1LxvrC-pni0vg&s=19) </sub></center>


Hello Everyone, 

The market is still bearish and Bitcoin is holding and trying its best not to break again.  I haven't written in a while, But tonight something caught my attention and I'd like to share. Tell me what you think.

Despite the Crypto Crash, Big deals are still happening. [The Central African Republic accepting Bitcoin as a Legal Tender](https://leofinance.io/@samostically/the-central-African-republic-accepts-bitcoin-as-a-legal-tender) was a bold move by an African country.

I'm from Nigeria. If you follow the situation of things here, you would know that crypto-related activities are prohibited by the central banks. Even with this, over the last 10 months, there is a large increase in crypto users in the country.

##### I think things are about to change, Here is Why!

Nigeria’s SEC ( Nigeria Securities and Exchange Commission) has issued licenses for virtual asset service providers (VASPs) to operate in the country. What this means is that token issuance platforms will be regulated from now henceforth. Requirements for digital assets to exist will be released by the SEC soon.

Yes, it doesn't directly say crypto would be brought back into the mix, However, it just goes to prove my point that the government can't fight crypto. All they need is a form or way to regulate crypto. Currently, the Crypto World feels too big for a country like Nigeria to tackle.

<br>

#### In conclusion...

I feel crypto taxation might be employed to bring it alive once again. Concerning the Market, I believe it would bounce back again. The support looks great. We've not gone too far away from support. 

<center>
***"#Bitcoin “dies” like every year, only to come back stronger than before."***-[Bitcoin Magazine](https://t.co/6Op5PRo532) </center>




Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@samostically/is-there-a-chance-of-crypto-regulation-in-nigeria)

👍 edicted, mangos, life-timer, poshtoken, nautilus-up, fw206, onealfa, tobetada, kristall97, p-hive, daycrypter, gohive, anomadsoul, nancybriti, dylanhobalart, eturnerx, chronocrypto, nathanmars, listnerds, dreemsteem, successforall, richardcrill, wrestlingdesires, hive-data, readthisplease, steemexperience, hiveinvest, new-world-steem, thisismylife, maxhustle, khaleelkazi, hitmeasap, wolfofnostreet, automaton, lookplz, steemvpn, merit.ahama, bbqgriffinwings, biggerjoe, organduo, rxhector, savagebits, dibblers.dabs, coruscate, mimi05, tokenizedsociety, cageon360, deraaa, rival, allcapsonezero, gattino, gimme-your-coinz, onealfa.pob, brainstommer, nonsowrites, mineopoly, zelegations, joseph23, gloriaolar, timhorton, ctptips, phusionphil, chincoculbert, hivecannabis, and 57 others

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anomadsoul	109,983,261,899	100%
rival	5,345,595,393	53.32%
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khaleelkazi	20,733,704,815	18%
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memepress	813,011,968	25%
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steemexperience	33,938,635,139	23.33%
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fw206	565,157,189,244	17.5%
wolfofnostreet	14,397,338,826	100%
topbooster	1,374,649,899	21.99%
welcomewagon	897,413,714	8.25%
besheda	888,497,765	25%
nonsowrites	4,741,894,379	16.33%
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steemvpn	11,931,723,290	50%
erectus	542,059,678	80%
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chloem	2,663,506,670	18%
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joemark	1,305,694,291	66.66%
moonappics	1,166,044,703	66.66%
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life-timer	1,176,785,925,839	15%
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hive-data	43,460,029,057	10%
poshtoken	1,161,223,366,290	33.33%
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wrapped-leo	1,823,910,112	18%
dalz.shorts	1,061,129,248	50.5%
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nyxlabs	1,217,650,245	5%
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mimi05	6,665,262,968	80%
biggerjoe	10,954,729,295	4.95%
flamistan	556,792,044	23.33%
da-prince	1,111,845,067	77.7%
gimme-your-coinz	4,883,751,984	33.33%
take-my-coinz	512,003,897	38.85%
bbqgriffinwings	11,320,905,435	4.95%
funshee	1,285,614,713	33.33%
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lordemmy	695,339,419	80%
deraaa	5,353,907,219	40%
tokenizedsociety	6,103,826,476	100%
winniecorp	1,225,708,970	33%
khoola	1,233,338,002	23.33%
firstborn.pob	1,304,816,831	53.32%
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trostparadox.vyb	575,403,808	23.33%
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brainstommer	4,867,862,589	50%
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saboin.pob	93,250,826	21.99%
vyb.curation	645,262,753	23.33%
deadleaf	1,650,100,362	100%
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p-leo	592,715,864	18%
anomadsoul.vyb	0	100%
crazygirl777	1,715,277,648	23.33%
ctptips	3,553,244,664	15%
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