Recent crackdowns on local exchanges by the Nigerian government have raised concerns about the country's global reputation in the cryptocurrency sphere. However, according to Oladotun Wilfred Akangbe, the Chief Marketing Officer of Flincap crypto exchange, Nigeria's crypto resilience will shine through.

In an interview with Cointelegraph, Akangbe acknowledged the turbulence faced by Nigeria's crypto sector but remained steadfast in his belief that the nation can overcome these obstacles. Despite the government's actions in February, which included blocking access to several crypto exchange websites and allegations against Binance, Akangbe emphasized Nigeria's history of overcoming setbacks.

He pointed out that controversies are par for the course in a rapidly growing crypto landscape like Nigeria's. Despite concerns about regulations, volatility, and fraudulent activities, Akangbe highlighted Nigeria's significant role as a crypto user and blockchain adopter globally.

While acknowledging the mix of enthusiasm and caution among Nigerians towards crypto, Akangbe attributed uncertainties to ongoing debates between the government and crypto stakeholders. Despite challenges, he remained optimistic about Nigeria's future in the crypto sphere, stressing the need to highlight the country's massive crypto adoption and blockchain initiatives on the global stage.