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Another concern about bitcoins is that they damage the environment.
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| The blockchain revolution | It is important to do your own research and analysis before making any material decisions related to any of the products or services described. Advocates of bitcoin say the mining is increasingly being done with electricity from renewable sources. An array of factors, from political repression to currency controls and rampant inflation, have fuelled the stunning rise of cryptocurrencies in Nigeria. Another concern about bitcoins is that they damage the environment. The failing economy and naira have made holding crypto a necessity as a hedge against inflation. This has made governments wary: in a conventional financial system, banks can freeze accounts, vet payments for money laundering or enforce regulations. |
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| Buy bitcoin in lagos | Buy Bitcoin with Bank Transfer. The exchange platform continues to innovate in the face of growing regulations and is set to become a significant stakeholder in the Nigerian crypto industry. At the same time, Vice-President Yemi Osinbajo publicly rebuked the move. The ban has made cryptocurrency trading harder to monitor and less safe. An array of factors, from political repression to currency controls and rampant inflation, have fuelled the stunning rise of cryptocurrencies in Nigeria. The reality that cryptocurrencies cannot effectively be stopped had gradually dawned on the government, said the operator of one Nigerian crypto trading platform, speaking anonymously after having been targeted by the authorities. |
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