'The CBN directive of Feb. 5th, 2021 came as a shock to a lot of people, and it affected a lot of crypto businesses, and for individual investors, it made it difficult to convert crypto.' cbn
A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour recently held in Nigeria, has rejected reports he was arrested by security agents reportedly spooked by large crowds that were following the campaign. The enthusiast said the high number of people that attended the BCAT tour proves that Nigerians “want to continue to explore blockchain and cryptocurrency and improve their lives.
“We made them understand what we were doing. The BCAT Africa event was to show Nigerians the opportunities in the digital space, specifically in the blockchain and cryptocurrency industry. They were excited about what we were doing. I wouldn’t say I was arrested,” explained Emeka.
Although he concedes that CBN restrictions had initially made it tough for individual investors, Emeka asserts many Nigerians have since adjusted well to the new reality. Still, Emeka said the Nigerian government must “remove the limitation.”When asked if the BCAT Africa educational tour had been a success, Emeka said: “Yes! I believe 100%. In fact, after the event, we were doing a ticking of our lists to see if we achieved everything we planned. The result was beyond our imagination.