Some of us predicted a possible ban especially after the success of the EndSARS protest, before the violent hijack.
You would recall that at some point when the protest wasn’t taking a smooth turn and no violence recorded, hoodlums began showing up to distrust the gathering, well they tried but repeatedly failed.
Then the government blocked the account and channel used for receiving donations via the CBN and the banks involved, in less than an hour people had switched to BTC Cryptocurrency and went on to finance the movement successfully.
This deeply angered the authorities and since then, it has been suspected that a ban on cryptocurrency would come.
Now that it has finally happened, what next? Is the internet next?
Critics have sited authoritarian reasons for the ban and forecasted a deeper tightening of any form of finance for dissenting voices.
It has also been cited by Obajero, DJ Switch, Comalo and Douglas that this act is one of the first authoritarian blow on all opposition to the current regime but that has not hindered anything as people will still keep trading with vendors which has nothing to do with banks.
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