Nigerian Activist Launches Legal Battle for Crypto Rights
Laser-eyed Bitcoin enthusiast James Otudor has initiated legal action against major Nigerian government bodies, urging them to remove existing restrictions on cryptocurrencies and related businesses.
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Laser-eyed Bitcoin enthusiast James Otudor has initiated legal action against major Nigerian government bodies, urging them to remove existing restrictions on cryptocurrencies and related businesses.
The lawsuit argues that these governmental restrictions infringe upon the constitutional rights of citizens to purchase and possess property, a right that also applies to digital assets.
Otudor's demands include:
- Immediate removal of bans on cryptocurrency exchanges.
- Confirmation of citizens' rights to possess cryptocurrencies such as BTC, USDT, and others.
- Official acknowledgment that infringement on crypto asset holders' rights is illegal.
- Development of regulatory measures recognizing BTC as a commodity.
Otudor stresses that cryptocurrencies, including Bitcoin and USDT, are globally recognized as valuable assets capable of protecting people from inflation currently affecting the country.
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