Is Nigeria Among the Bottom 5 Countries to Start a Career Following the CBN Crypto Ban?

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Nairametrics, one of the most popular media outlets in Nigeria, has published a list of the best and worst countries to start a career globally, among which, Nigeria is the only African country among the worst 5 globally.

In a tweet, Nairametrics broke down the top 5 and the bottom 5 countries to start a career in 2020, and unfortunately, Nigeria seem to have made the bottom list.

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SEE ALSO: The Central Bank of Nigeria Warns Financial Institutions Against Facilitating Crypto Payments with Crypto Exchanges

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Interestingly, CZ, the CEO of Binance, the largest exchange by volume globally, has revealed yet another pattern among the countries.

The top 5 countries on the list legally recognize crypto while the bottom 5 do not yet have a stand on it.

The recent ban by the Central Bank of Nigeria (CBN), which restricts financial institutions from dealing with cryptocurrency exchanges and individuals transacting with crypto exchanges in one of the largest crypto economies in the world, has already resulted in several exchanges, including Binance, suspendng fiat bank deposits and withdrawals.

According to experts, most crypto transactions in Nigeria already happen on P2P exchanges, and once the panic dies down, trading is likely to continue as usual.

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RECOMMENDED READING: Reactions from Tech and Crypto Heads Following the Regulatory Warning by the Central Bank of Nigeria on Crypto

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