Crypto enthusiasts and organizers of the recent Blockchain and Cryptocurrency Awareness Tour (BCAT) organized by Binance in Nigeria were allegedly scared by the large crowd that was following the campaign Security They deny reports that he was arrested by agents. The enthusiast said the large crowd that attended the BCAT tour proves that Nigerians “continue to explore blockchain and cryptocurrency and want to improve their lives.”
Nigerians’ interest in crypto and blockchain is growing
Nigerian blockchain and crypto educator Tony Emeka revealed that security agents who appeared at a Binance-sponsored educational event he hosted did not arrest him as reported. He suggested that the large crowd that attended the Blockchain and Cryptocurrency Awareness Tour (BCAT) Africa function held in volatile southeastern Nigeria unnerved security agents who urged them to search the organizers of the event.
According to Emeka, who is also the founder of crypto publication Cryptotvplus, he explained to security agents the purpose of the event and why Nigerians participated in such a mass tour.
“We made them understand what we are doing; the BCAT Africa event was to show Nigerians the opportunities in the digital space, especially in the blockchain and cryptocurrency industry. They were excited about what we were doing. I wouldn’t say I was arrested,” Emeka explained.
Emeka also told Bitcoin.com News that theunexpectedly large number ofpeople who participated in the BCAT Africa tour (over 7,000 by some estimates), despite the February 5, 2021 directive of the Central Bank of Nigeria (CBN) He stated that Nigerians have shown a very strong interest in cryptocurrency and its underlying technology, the blockchain. He stated.
people are hungry for knowledge and want to continue to explore blockchain and cryptocurrencies to improve their lives, and the February 5, 2021 CBN directive has impacted many people and affected many crypto businesses, making it difficult for retail investors to convert crypto into fiat It became difficult, but that is where P2P came in and since then this has been the means to convert crypto to fiat and vice versa.
While acknowledging that the CBN regulations initially made things difficult for retail investors, Emeka asserts that many Nigerians have since adapted well to the new reality. Nevertheless, Emeka states that the Nigerian government must “remove the restrictions.”
Interest Beyond Cryptocurrency
Asked if the BCAT Africa educational tour was a success, Emeka replied, ” Yes! I believe 100%. In fact, after the event, we were checking off our list to see if we had accomplished everything we had planned. The results were beyond our wildest expectations. We wanted to show Nigerians what was possible and within reach, and we did.”
Meanwhile, Chiagozie Iwu, CEO of Naijacrypto, a local cryptocurrency exchange, told Bitcoin.com News that the large crowd seen in Enugu was evidence that interest in digital currencies remains strong.
“The crowd we saw at the recently concluded Enugu BCAT shows that there is a strong enthusiasm among the youth in the southeast of Nigeria to learn about blockchain. We have seen that the interest goes beyond cryptocurrencies and that they understand how to build a career in the blockchain field,” said Iwu.
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