Member-only story
A Guide to DeFi at Any Age: Part 1- Why You Need to Consider DeFi
Public opinion of crypto can't get much worse. But with massive technological improvements and added liquidity in the most recent bull run, crypto has proven its staying power. In this series, learn why and how to use DeFi.
Pay attention! Nigeria's central bank recently announced they would limit Nigerians from withdrawing more than $200 worth of cash weekly. In addition, Nigerian companies will be capped at withdrawing $1000 worth of weekly cash. Meanwhile, Nigeria is launching its own central bank digital currency.
Nigeria is Africa's largest economy. Nigeria is the seventh most populated country on earth. They are a democratic nation with a constitution and a federal system based on the US model.
Nigerians can withdraw above the limits but will be hit with a tax labeled as a processing fee. Imagine being charged "processing fees" for accessing over $200 per week. Think about what life will be like when your country begins adopting and testing new methods to increase centralized monetary control.
We've heard of Canadian truckers getting their bank accounts frozen for voicing their opinions. We know the…