With the emerging trends in the global scope on how the world is shaping in terms of currencies, most countries are gradually embracing the digital currency and slowly seeing what the future holds in this regard. While in some part of the world, we've seen how some detest this new technology take for instance china. China has mandated it's citizen from transacting with cryptocurrency. Citizens are not allowed to buy,sell, store any crypto currency (btc, ethereum, e.t.c 🦄). .

Now the question is why are these countries blacklisting the digital coin. Well it is said to be that this technology can be use to finance illegal activities such as terrosism e.t.c Far back as 2009 when the first digital currency (bitcoin) was created the idea was to allow people store their money in digital form, bitcoin uses cryptography to control it's creation and management, nodes are generated to allow users interact with each other on the Network using an electronic transaction method.

Now the common reason why some countries has restricted it citizens from trading this digital currency is due to the fact that they can't control the market, govt can't set rules and even some don't even know how it works. In some part of the world, you don't need to travel far(Nigeria) in mid February 2021 the Cbn banned the citizens from transacting with the digital currency and even said anyone found transacting with the digital coin would be persecuted and went ahead to block accounts of citizens who did some transaction with the currency.

After some couple of months the Cbn told the public that nigeria would be launching it's very own digital currency called E-Naira, Now this sprout out some misconception among citizens, folks where confuse and the question was why did you banned people from trading digital coin in the first place, let me quickly chip this in when the directive was initiated on the ban of crypto currency some fintech company came up with a solution, which allowed user to transact using a method called P2P. This way users can transact with each other safely and securely. Now with the new E- Naira introduce by the Cbn the main objective is for citizens to store money in digital form just as the common Bitcoin and ethereum. For more information on the E-Naira visit nairametrics.com/2021/09/27/e-naira-how-saf..

#Why did they ban the Crypto currency in the first place.

That's one question i would leave you to answer. One thing i do know is in this part of the world gov't don't have the interest of it's people at heart. one fact i was able to gather during the Endsars protest the Crypto coin(bitcoin) was used the most to support protesters and it played a huge significant i must tell you

Consideration about the E-Naira

° is the e-naira a stable coin ? A stable coin is a Cryptocurrency backed by reservers. ° How safe is the e-naira? ° Is e-naira worth investing? ° will e-naira replaced the naira note?

How to benefit from the Crypto World/Market

• First and foremost The technology was created to create a better environment for we all in the ecosystem we doknow there are folks who always have negative perspective who just enjoy creating havoc, the Developers who created this technology wanted the technology to ease the way the money world works. 😊 There are tons of ways you can benefit from this technology. From been a miner, investor, merchant, blockchain Developer e.t.c I will do well to explain some of this

• Miners are those folks who process your transaction on the Blockchain network making your transaction push through without being sniffed Investors on the other hand are just there to invest in the market if you want to learn more about how to invest and tips on how to go about you can send me a DM or mail at israelmichael824@gmail.com.

• Merchant are the people who buy and sell crypto coin they also store Crypto currency. You can find them on various fintech platforms am not going to list any name here cause they didn't pay me to do so.

NT there are rules you need to follow when transacting in this ecosystem, i call it the KWTB &KWTS rule.

I do hope you enjoy this article and find it informative.