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A comment on Binance's books are a black box, filings show, as it tries to rally confidence. Parent comment

Re:Binance's books are a black box, filings show, as it trie... by Geee on Tuesday December 20, 2022 @12:01AM (#34061739)
Look at what's happening in Nigeria [0]. They have tried to ban bitcoin, but are now looking to legalize it. It's just too difficult to enforce when a lot of people are doing it.

[0] https://bitcoinmagazine.com/legal/nigeria-looking-to-legaliz...

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Re:Binance's books are a black box, filings show, as it trie... by lolinder on Tuesday December 20, 2022 @12:50AM (#34062065)
It's too difficult for Nigeria to enforce. Nigeria has a very weak government that has trouble enforcing a lot of laws that other states have no trouble with. OP mentioned Russia and China, and I would be very hesitant to extrapolate either country's capabilities from Nigeria's.

I will say that this could be a valid use case: if you have an ineffective oppressive regime, you may benefit.

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