When CBN made the announcement on February 5th, it didn't move me knowing that China has been banning BTC every single year.

The truth is that the Nigerian government is not against cryptocurrency. They're against the fact that it does not benefit them. They're against crypto because it offers huge opportunities for Nigerian youths to get wealthy, and because it's decentralized, it will be impossible for them to control it.

You're very correct, and I agree with your points. And another reason they ban banks from transacting with Crypto is because of e-Naira.

Crypto is here to stay and Nigeria Government must find a way to legalize it. Even if they banned Peer-2-Peer from exchanges, people will still trade Crypto and that's the truth.