Monitoring spirits now on Binance P2P. Please beware!

There's no doubt that Blockchain/cryptocurrency is the next thing that would power the next generation of financial systems. Because of the clarity, many countries are doing all they could to halt the system. It's very unfortunate that some governments still refuse to understand the importance of blockchain/cryptocurrency and how far it has changed the lives of citizens

Maybe they do but are afraid of how the new technology would disrupt or has been disrupting the financial system because of the numerous advantages it has over the centralized system of finance

Independence is one of the greatest advantages the blockchain offers. When you go to the bank, you meet dozens of people in a queue waiting to be attended to. Sometimes, the small space made for shade would fill up and people would stand in the sun sweating like a Christmas goat. And after eventually entering the bank for transactions or complaints, you might be told to come back after 3 working days or your Id cannot be verified (After spending hours standing in the hot sun)

If there are other simple means to do what I went to the bank for, won't I embrace it? I've bought many things with crypto without any issue. No third party. No delay. No high charges. No verification. Oh my God! This is sweet

All these serve as a threat to the banking system, and I would say it's because they fail to see the bigger picture of how they can use it to their advantage. So instead of thinking SMART, their reasoning is POOR

Banning crypto happens to be their best option. Crypto is banned in some countries including Nigeria, but there's always a way out because blockchain is wide and it's easy to bypass the banking system (We are smarter). That's why Binance came up with P2p

For some weeks now, there has been some internal news flying that the federal government is planning to block every account involved in crypto transactions in Nigeria. When they realized that P2p has been the means of exchange, they now set watchdogs to create accounts on Binance and start transactions on P2p

They would act like a normal customer and if you sell any crypto to them, they would include crypto payment in the memo, send your account number to the bank and the account would be blocked. It has affected many traders on P2p

I got these messages from a friend on P2p a week ago. He sent these images via WhatsApp. It wasn't funny. Only those that fall victims can understand the trauma

This is how far the Nigerian Government is dealing with anyone involved in cryptocurrency. We all need to be careful till there's a change in government whether there would be a change in policy

Please whether you are from Nigeria or any country where crypto isn't accepted, you need to be vigilant

Our government is trying to kill crypto but they will always see us at the front. If the Nigerian government can ban the use of Twitter, what else can they not ban? Maybe the rearing of Cow on the street of Abuja the federal capital territory. Lol