You proscribe cryptocurrency today, tomorrow accounts deemed to have been used in transacting business in cryptocurrency are blocked, worse, such account holders' other account(s) are blocked likewise. GTB, Access Bank and First Bank are being used by CBN to do the filthy job of impunity. Even why CBN are yet to defend that policy before the National Assembly after being invited by the Senate.
This is what happens when we tolerate every rubbish from the government. Soon, the net of impunity becomes so infinitely vast that every action is translated into national infringement, like a slave master would strip any strand of right from the slave. Let's say dealers in cryptocurrency hide under the cloak of all sorts of illegalities like money laundering, illegal arms deals, terrorism, etc. do you then slam such punitive measure on all under mere suspicion of excesses of cryptocurrency? Not just a proscription but instantaneous blocking of accounts?
I think until we start being confrontational against these 'despots' nothing will change. Rather, they will be egged on in taking their impunity beyond limit. Let's say we picket CBN or these seeming overzealous banks.... disrupting any activity there until they treat us like humans deserving of dignity.
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