Hugged:


https://www.thecable.ng/bawa-efcc-has-recovered-20m-worth-of-cryptocurrency-from-fraudsters

Organicist95:
na you ban am?

Hugged:


https://www.thecable.ng/bawa-efcc-has-recovered-20m-worth-of-cryptocurrency-from-fraudsters

GboyegaD:


Not when I have friends that mint cryptocurrencies on their phones. I no get power to get heart attack. Thanks for the offer BTW, I do appreciate it greatly.

Kubernetes:


The agency has all the mechanisms and the infrastructure which you don't know. The efcc has a software that if they put your bvn and run the software, its gonna bring all your accounts in the entire banking platforms in Nigeria including all your cards, including all your transactions, including all where the money is coming from and where it went to.infact the software has an AI field that can dig out all the alternative e channels those money came from. Its just that he will not mention such critical information in the public.

GboyegaD:


Not when I have friends that mint cryptocurrencies on their phones. I no get power to get heart attack. Thanks for the offer BTW, I do appreciate it greatly.

wirinet:


We are talking about crypto currency and you are talking about BVN and software.. Cryptos run on blockchain technology which is virtually impossible to hack.

Maxymilliano:
And how did he know that such investments are all proceeds of fraud ?

Ynix:
You are not even getting the Perspective I am coming from, I am not talking about the third party minting. The word minting the monetary and banking world means producing more money.
Let me be sincere with you. If you can afford to be setting aside 1k of your monthly earnings in Cryptocurrency for a whole years in three to 5 years time you could have made millions of naira from just keeping aside 12k a whole based on deflation and demand and supply just like buying land cryptocurrency are virtual commodities

GboyegaD:


My brother, I can talk from a point of authority as I have friends who are currently minting/generating one here.

Buzx:


They're probably mining shitcoins, like PI or using telegram bots. A proper crypto like Bitcoin or Ethereum requires powerful GPUs for mining.

Buzx:


What are you talking about? The discussion here is blockchain tecnology and you're talking about BVN? What is the relationship between the two? Get knowledge!!

wirinet:


We are talking about crypto currency and you are talking about BVN and software.. Cryptos run on blockchain technology which is virtually impossible to hack.

cryptotech:

Fiat is different from crypto, don't say what you don't know.

Maxymilliano:
And how did he know that such investments are all proceeds of fraud ?

Kubernetes:


If you know blockchain, you should know that its the Commercial banks that enhance and facilitate the offshore transfers. If you wanna cash your btc, it must go through the banks(like Providus bank). And that was why CBN asked the banks to stop the trxns of these offshore crypto currency exchanges like Ruqqu, Luno etc.

You must have heard last two months that Binance has added Nigerian FIAT/NGN pair to its Peer to Peer (P2P) trading platform in Nigeria. Users can now BUY and SELL their NGN FIAT balance on Binance with zero transaction fees for Nigerian Naira (NGN) using Bank Transfer and other payment methods, but any bank facilitate any of such will face sanction by CBN

Buzx:


First, blockchain tecnology is different from traditional finance. If you understand DeFi, you'll know that its aim is to override and replace the traditional banking system.

They're crypto ATMs where you don't need your bank or whatever to cash out fiat. Only thing is that it's not in Nigeria.

Now, since government banned those crypto exchanges from facilitating fiat withouts and everybody moved to P2P, how would the government know who and who is sell or buying crypto? So, bringing in BVN, here in this context is just unnecessary. Since, direct interaction with banks and their services have been killed and you can no longer buy crypto to with card, how do the government know that that random bank transfer is payment for crypto or payment for goods? You get the point? So, using BVN here to track crypto transaction here is void.

Now, to the Binance stuff, isn't it all still P2P? Binance doesn't pay you from their Nigerian account. Individuals buy and sell to themselves. Unless of course, Binance have started providing withdrawal services again through Nigerian banks.