What Is The Difference Between Cryptocurrency & Sport Betting – Which Is Gambling, Illegal & Should Be Ban?
The federal government through the Central Bank of Nigeria (CBN) has ordered all banks to close any accounts transacting with cryptocurrencies.
That dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.
See Below 👇
According to them, Crypto is gambling and illegal. Lol funny!🤣
Ignorance is truly a disease. Anyways, I’ve previously made a post on this some hours ago, so take your time and READ👉 “The Main Reason Why The FG Banned Cryptocurrency Trading & Transactions In Nigeria“.
Cryptocurrency
According to Wikipedia, a cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
It typically does not exist in physical form (like paper money). Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.
Bitcoin, is the first decentralized cryptocurrency. And since the release of bitcoin in 2009, other cryptocurrencies have been created.
Sport Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Manchester United VS Chelsea FC, who wins and who loses.
What Is The Difference Between Cryptocurrency & Sport Betting – Which Is Gambling, illegal & Should Be Ban?
MY THOUGHTS:
If the FG could legalize sport betting, a pure gamble, why not do same on cryptocurrencies trading or better still, overlook. Besides, their validation aren’t anyway.🤷
Maybe because the young people are gradually getting financial freedom through Crypto, and of course it’s a threat to Zoogeria political leaders. They knew that in 10 years from now, nobody would give a fvck about them.
Sport betting such as bet9ja, nairabet, surebet, etc, that has rendered some lives useless are still up and running. Na Crypto be una problem.
All the killings by Fulani Herdsmen, Boko-Haram and hardships in the country, no one is saying or doing anything about it o.
