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@ Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴
2025-05-19 22:26:32
“Banned." Overnight.
That’s how fast the rules flipped in Nigeria and Angola.
One day, Bitcoin was just another asset.
The next, it was a liability (Even a crime).
In #Nigeria, the Central Bank’s 2021 order severed crypto’s ties to the banking system (shutting down exchanges, freezing accounts, and driving the entire industry underground. Three years later, the ban was lifted) but only after lawmakers reclassified crypto as a regulated security, with strict licensing and oversight.
In #Angola, lawmakers took a harder line. In April 2024, they criminalized #bitcoin mining. Penalty? Up to 12 years in prison. The official excuse: miners were draining the national grid, leaving homes in the dark while rigs chased digital gold. The real trigger: A major foreign-run operation that smuggled in rigs without paying customs, racked up unpaid electricity bills by siphoning public power, and stiffed its workers. When authorities finally raided the site (hidden inside a paint factory)they found foreign nationals, labor violations, and enough outrage to justify a sweeping crackdown.
Different countries. Same warning.
𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝘁𝗵𝗲 𝗿𝗲𝗮𝗹 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆.
If you’re building in regions where the rules can flip overnight, you need more than optimism.
You need a plan.
→ Diversify custody across regulator-resistant jurisdictions, before the storm, not after.
→ Mine in energy-stable, rule-of-law regions like the Gulf or North America, with remote oversight.
→ Build legal structures that can pivot: from holding, to pledging, to exiting, whatever tomorrow demands.
I’ve seen capital stranded, operations shuttered, and founders blindsided, not by markets, but by ministers.
Regulation is like the weather.
You can’t control it.
But you can control where you build.
In the #MiddleEast and #Africa, this isn’t theory.
It’s survival.
The smart money adapts. The rest get washed away.
Ask yourself: are you ready for the next regulatory storm?
P.S. #Nostr the meme’s about the #EU. This post is not.
https://blossom.primal.net/e771f4ea8ec22098c98877a68072aeacc76ad5438ecfcad8e8dba4e8bf3538df.jpg