Ghana does not have the kind of restrictions that are seen in Nigeria. In Nigeria, it is still seen as a crime to hold crypto. I know some of my brother belemo and some others on Hive that have been held by the police because they had Binance on their
With the way the project in Ghana is going, there is a good chance that other African counties will start to adopt Hive as an alternative entertainment source and a means of commerce. I feel this way because inflation is hitting African countries way more and many countries are removing subsidies.
I'm interested in knowing what is your take on inflation in Africa and if earning in crypto can help us over here
Governments have to use scare tactics to make people comply. If enough ignore the laws, the situation becomes useless. This was the case in the US with the illegal downloading of music: so many were doing it that they couldnt go after everyone.
We need the same with crypto. It does help when other countries do not carry the same restrictions. Those have to become success stories so others see the benefits and want the same for themselves.
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Very true... The issue with Nigeria is that you have corrupt police that does not really care about the laws, they just want to extort you and when they see Binance on your phone continue to threaten your life till they get money
Yeah government corruption, which police are a part of, extends to many levels. It is sad that people endure that but it is how things are. We need to keep pushing forward, making things more difficult for them.
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This is so true. Even though cryptocurrency is not officially approved in Ghana, banks and a lot more institutions as well as individuals are free to have crypto transactions without any stress. This makes things better and easier in working with blockchain.
Exactly. Thank you for adding this. What is your take on arresting people in Nigeria?
I am curious, is it easy for someone to convert their Hive into the local currency of Ghana?
I'm not totally sure. But I know in Nigeria before our government put a ban on it all you needed was a verified account on Binance and you were set.
Trade Hive for USDT and sell USDT for Naira from banks