The Nigerian government is a perfect example. Yes they are making hard to interact with the native currency. However, they cannot stop people from getting rewarded in crypto on a blockchain like Hive. This means that people can grow their bags while this is all being sorted out.
Each day, developers are at work creating more code that will work to our advantage. It will take some time that is why there is a race on. In the meantime, people can get active and start to build their wealth. It will be needed in the future.
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This is exactly what they can't do, they will only prevent it from running through the official banking system which they of course own themselves, making it difficult for people to trade official but then this is just for s while as solutions will turn up to bypass this. Exactly each and every day developers are at work I believe the evolution will keep getting smarter and better.
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The only suggestion I have is to keep adding to your stake. While the conversion to fiat might be closing, adding to your crypto holdings will net bigger rewards down the road.
It is a pain right now but this will pass. And if one is building and adding more, he or she will be very happy when that change happens.
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And Indian government is also in same line. I am expecting an ordinance without even a debate in Parliament/House of representatives.
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@taskmaster4450le sincerely I believe that the Nigerian government are just taking actions based on what they "feel" about cryprocurrencies and not the "truth"....the Nigerian government lacks the total understanding and knowledge of cryprocurrencies and that is why they are misinformed and they now used that misinformation to carry out their actions which is now affecting their citizens who are involved with cryptocurrencies ...