What is happening in Nigeria between the Government and Binance is just one of the many challenges that the cryptocurrency industry will face in the process of mass adoption. BINANCE IS NOT SHUTTING DOWN. I see so many people of social media, even influencers who has no glue of what cryptocurrency is; talking about the issue of Binance in Nigeria. saying Binance is the cost of why naira is crashing or Binance is going Dow. They just be causing panic in the space.
Binance is not the cause or the reason why the Naira is crashing or the Nigeria economy is failing. Anyone who knows how simple economy functions, how demand and supply works, how international trade and transactions work Will understand this things.
The Nigerian government and some ignorant Nigerians should stop trying to look for who to blame for their failed economy. Look at Singapore, El Salvador, Dubai, Bahrain, and a host of others. Ring any bell? Yeah El Salvador literally legalized Bitcoin as legal tender, we didn’t hear of their currency crashing or economy failing, rather it gave them an upper hand not to really on the US dollar for exchange.
People should stop panicking and getting information from all sort of wrong places. DO YOUR OWN RESEARCH. you might not know but some politicians and government officials, even corporations and high level individuals are using this situation to milk money from the country and from the middle class and working masses trying to get a better life.
No good government will try to stop something that has brought about jobs and employment to the least people in Nigeria even to the most remote areas. Brought financial education and literacy to the masses. Only a corrupt government will try to shield the masses from the light of civilization and globalization.
Digital currency is here to stay and Crypto is the future. DO YOUR OWN RESEARCH.