This lawsuit comes amid the Nigerian government’s increasingly hostile stance toward cryptocurrencies.
Nigerian crypto activist and politician James Otudor has received support from the local cryptocurrency community in his legal battle to secure the right to own, use and trade Bitcoin, Tether and other cryptocurrencies in Nigeria.
Speaking to Cointelegraph, Otudor shared that while moral support has been overwhelming, his team is not ready to accept financial contributions until systems ensuring transparency are in place. This precaution aims to prevent any potential propaganda from adversaries that could undermine the cause.
A court session on Aug. 9 was primarily an introduction to the case. Otudor highlighted that the Nigerian government’s confusion regarding crypto assets and blockchain technology significantly motivated the lawsuit.
