Nigerian Twitter suspension has unintended implications for country’s crypto community

At first glance, it seems that the suspension of Twitter’s activities in Nigeria on June 4 may have been due to the microblogging company’s decision to remove a controversial tweet — from President Mohammad Buhari. But, as some observers have pointed out, the removal of the tweet may have given the Nigerian government the perfect excuse to attack Twitter CEO Jack Dorsey.

Nigeria’s anti-tech policy
As has been widely reported, social media Mogul Dorsey tweeted about his support and support for the endsars protests in October 2020. In a tweet that angered Nigerian officials, Dorsey asked his subscribers to donate bitcoins to protest organizers after traffic’s bank accounts were frozen. Also in support of the protests, the CEO recently tweeted and shared articles urging Nigerian officials to follow what he called the “bitcoin standard.”

When Twitter deleted the President’s tweet after an alleged violation of its policy, it was the final straw. The Nigerian government reacted to removing the tweet by suspending the company’s activities and threatening the arrest of Twitter users who violated its order to stop using the platform. While the decision has been condemned by many, including the US government, President Buhari’s government remains fearless.

Others, however, see Twitter’s suspension as an extension of Nigeria’s anti-tech policy, which appears to have begun to target the crypto industry. Since February 6, 2021, Nigerian financial institutions have been complying with the Central Bank of Nigeria (CBN) directive, which requires them to stop providing services to companies or individuals dealing in cryptocurrencies.

De facto home for the crypto community
As a result of this directive, players of the Nigerian crypto industry were forced to resort to platforms that could not be censored by the government. However, contrary to the CBN directive, Twitter is suspended

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