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Nigeria finally stopped fighting crypto and decided to regulate it instead , but is this a win for the market or just a way for the government to con

3 months ago

For years, Nigerians traded billions in crypto under the radar while regulators tried to ban it. Now the CBN, SEC, and tax authorities are all sitting on the same council to license digital assets, and a naira-backed stablecoin called cNGN is being pushed as the official alternative to dollar tokens. The question is: will this bring more Nigerians into the system, or just squeeze out the small players who can't afford the new N2 billion capital requirement?

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Nigeria finally stopped fighting crypto and decided to regulate it instead , but is this a win for the market or just a way for the government to con

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