With a population of over 200 million, Nigeria is widely regarded as one the biggest crypto markets in the world. Some in the crypto world believe Nigeria is one of the few countries better placed to see a greater acceptance of digital currencies. However, despite this optimism, the Nigerian crypto industry continues to be plagued by constant hurdles that then complicate mass adoption efforts. Some of the problems faced include an uncertain regulatory environment as well as the proliferation of bitcoin-related scams which often taint the image of cryptocurrencies. However, according to Tony Emeka, the founder and CEO of Cryptotvplus a Nigerian crypto-focused media organization, some of these challenges can be overcome through education. Nigeria is very active when it comes to digital currencies and is one of the top countries in Africa in terms of cryptocurrency trade volumes. However, Nigeria’s blockchain and cryptocurrency industry has been dealing with regulatory uncertainty.
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