A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour (BCAT) recently held in Nigeria has denied reports that he was detained by security agents who were reportedly startled by large crowds watching the campaign . The enthusiast said the high number of participants in the BCAT tour proves that Nigerians “want to keep exploring blockchain and cryptocurrency and improving their lives.”
Nigerian interest in crypto and blockchain is growing
A Nigerian blockchain and crypto teacher, Tony Emeka, has clarified that the security agents who showed up at a Binance-sponsored educational event he organized reportedly did not arrest him. He suggested that the massive crowd attending the Blockchain and Cryptocurrency Awareness Tour (BCAT) Africa event in Nigeria’s volatile southeast had unsettled security agents, prompting their search for the event’s organizer.
According to Emeka, who is also the founder of crypto publication Cryptotvplus, he explained to security officials the purpose of the event and why Nigerians had attended the tour in such large numbers.
“We have made them understand what we are doing. The BCAT Africa event aimed to show Nigerians the opportunities in the digital space, especially in the blockchain and cryptocurrency industries. They loved what we were doing. I wouldn’t say I was arrested,” Emeka explained.
Emeka also told Bitcoin.com News that the unexpectedly large number of participants in the BCAT Africa tour – over 7,000 people by some estimates – showed that Nigerians are still able to do it despite the Central Bank of Nigeria’s (CBN) directive of May 5. February 2021 are still very interested in cryptocurrencies and the underlying technology, the blockchain. He said:
People are hungry for knowledge, they want to further explore blockchain and cryptocurrency and improve their life. The CBN directive of February 5, 2021 came as a shock to many people, and it affected many crypto companies, and it made it difficult for individual investors to convert crypto into fiat, but that’s where P2P came to the rescue, and it has been since is this the means to convert crypto to fiat and vice versa.
Although he concedes that CBN restrictions initially made life difficult for individual investors, Emeka claims many Nigerians have now adapted well to the new reality. Still, Emeka said the Nigerian government must “lift the restriction.”
Interest beyond cryptocurrencies
When asked if BCAT Africa’s educational trip was a success, Emeka said, “Yes! I believe 100%. In fact, after the event, we checked off our lists to see if we accomplished everything we had planned. The result exceeded our imagination. We wanted to show Nigerians what is possible and achievable and we did that.”
Meanwhile, Chiagozie Iwu, the CEO of Naijacrypto, a local cryptocurrency exchange, told Bitcoin.com News that the huge crowds in Enugu are proof that interest in digital currencies remains strong.
“The crowds I saw at the recently completed Enugu BCAT shows that there is a strong enthusiasm among youth in south-eastern Nigeria to learn about blockchain. We’ve seen the interest go beyond cryptocurrencies but to understand how to build a career in the blockchain sector,” Iwu said.
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