No government can stop crypto, you can only regulate it to the benefits of your people.

this is a beer parlor gist.
Not until I see an official statement from binance.

Meanwhile,why are we trying to make binance the scapegoat here ?
There are many exchanges all over the world that allows p-2-p transactions of usdt/NGN.

Why the clinch on only binance ?

Looking at the USDT/Naira 1 week chart , the naira seems to be retesting previous resistance of around 1200 to 1300. Usually after it's test it will want to reclaim previous high . I really hope it doesn't go back to previous high but what I am saying is that we should not rejoice yet on the fall, it may just be a retest for a higher high.

BarrElChapo:
The US regulators about a week ago fined binance $4.3bn now Nigeria don do follow follow but dem follow who know road sha 😊

No be small o, before the money finish...

Very easy, just buy other crypto like btc, eth, ltc, etc and convert to usdt unless they want to ban crypto entirely, they should just do so lets hear word. Pulling stats up their ass and chasing shadows as usual when the real culprits and stashing billions of dollars in their homes without doing anything to them.

kcprince:
Looking at the USDT/Naira 1 week chart , the naira seems to be retesting previous resistance of around 1200 to 1300. Usually after its test it will want to reclaim previous high . I really hope it doesn't go back to previous high but what I am saying is that we should not rejoice yet on the fall, it may just be a retest for a higher high.

if they want a stable forex, let them sell fx to banks and bdc at certain price and instruct them not to sell to customers above say 1% of buying price, with that, it will stabilise. That’s technically pegging but there is no other short term option.

Does the Fg and Sec have solid evidence
for their accusations against Binance or they just want to follow the footsteps of U.S because they heard U.S fined them for currency manipulation

saddler:


How do you block a company from your web space and still think you can fine them?



Is Binance a registered entity in Nigeria?


You only going to arrest Nigerians trying to survive

lol... Baba binance dey registered oh... Dey play

Dey play.... primitive leadership 😁

Lol the efcc should give Nigerians a detailed report om the amount of money embezzled in dollars by our politicians for the past 7years let us compare it to the supposed 26 billion binance allowed through their platform. Government would always blame every one and everything but themselves. Pathetic

Binance is part of the problem but the main problem is the politicians siphoning money in dollars..

Until these people are dealt with, forget it

When did crypto become foreign currency?

This government is just embarrassing us on the global stage.

FreeStuffsNG:
Binance, Others Face Billions of Dollars in Fines By SEC Over Alleged Currency Manipulations


•Firm’s executives reportedly arrested, detained, passports confiscated

•Naira gains at both parallel, official windows at N1,500/$1, N1,609/$

James Emejo in Abuja and Nume Ekeghe in Abuja



https://www.thisdaylive.com/index.php/2024/02/29/binance-others-face-billions-of-dollars-in-fines-by-sec-over-alleged-currency-manipulations

Propaganda will not help Tinubu's government.

Ask Tinubu and Cardoso to explain to Nigerians why customs is charging Nigerians in dollars for their services.

Also ask Tinubu and Cardoso to explain why crude oil and gas for cooking is being sold in Nigeria in dollars to companies in Nigeria.

Ask Tinubu and Cardoso to explain why they created a market for dollars in the Nigerian economy where naira is the official currency and also ask Tinubu and Cardoso to explain where they expect business men and women to get the dollars to do their transactions since Tinubu and Cardoso keep dishing out propaganda that there's no dollars to pay debtors (forward contracts).

Tinubu's advisors should be careful not to drag Nigeria into international court of arbitration where Nigeria will be forced to pay billions of dollars in settlement for violating international laws.

Tinubu and Cardoso should stop chasing shadows

Modified

Please ask Tinubu and Cardoso to explain why Tinubu advised Buhari to print over 2 trillion naira in ways and means without any production activities and export activities to account for such humongous amount and how that has affected the value of the Naira.

Also ask Tinubu and Cardoso to explain who and who got credit alerts out of the 2 trillion naira printed

The best way to defend is to attack. The naira need to attack, and stop defending from the dollar. Without production and value added services tied to the naira. It will keeps defending, and the water (dollar) will always finds its level and also keeps prevailing.

As it's now will I be able to transfer my Cash back to my bank account 😭😭,
This country will not kill person 😔😭

Good move.

Now wat about big men hoarding thousands and millions of dollars?

winner37:
As it's now will I be able to transfer my Cash back to my bank account 😭😭,
This country will not kill person 😔😭

Tinubu's propaganda will not survive. Thank God for internet advanced mobile devices

I may not like the deception NSA used, but e belike say Binance they help govt officials launder money

The joy that I am feeling now can't be described. Though I am a crypto enthusiast, binance cannot come and abuse our intelligence like that by hiking and speculating the dollar price at the detriment of the Naira

FreeStuffsNG:
Binance, Others Face Billions of Dollars in Fines By SEC Over Alleged Currency Manipulations


•Firm’s executives reportedly arrested, detained, passports confiscated

•Naira gains at both parallel, official windows at N1,500/$1, N1,609/$

James Emejo in Abuja and Nume Ekeghe in Abuja



https://www.thisdaylive.com/index.php/2024/02/29/binance-others-face-billions-of-dollars-in-fines-by-sec-over-alleged-currency-manipulations

Good day Nairalanders,

On the 16th of this month, I created this thread about First Bank criminality of stealing 18k from my account

https://www.nairaland.com/8002695/please-how-recover-money-first

Currently, i have been admitted to the psychiatric hospital because of this bank and the emotional stress they put me thru.

I was acting irrationally and abnormally which my family noticed and had to rush me to the hospital.

Let it be known that if anything happens to me, First Bank MUST be held responsible.

Thanks and God bless

LandMann:


If they don't allow you to do that and if it's a good amount, migrate to Ghana or any good West Africa country legally and go do your transaction there. Just don't fret. Tinubu's propaganda will not survive. Thank God for internet advanced mobile devices

I will check it to night if I could do the transfer ..Bro am even looking for a way to travel even to any African country to is better than Nigeria ..

Good punishment for the economic saboteurs . They are very wicked and selfish yet they blame everything on the president..

These people hear say America fine binance, they themselves want their own money.

Can they prove in anyway how Binance manipulated the naira?

DSS suppose arrest CR7 too. He follow chop Binance money

winner37:


I will check it to night if I could do the transfer ..Bro am even looking for a way to travel even to any African country to is better than Nigeria ..

Have you read it?

LandMann:




Have you read it?

You are free to delete it now bro , thank you

winner37:

You are free to delete it now bro , thank you

Please modify your first post you quoted me and remove what I said

They aren’t guilty. The naira was floated. Leave all these excuses and shore up dollar reserves

They detained people without trial and seized their passports. Foreigners including an American citizen? After you invited them and you want to attract foreign investment. Lol. There will be consequences.

And yet we have foreigners looting and mining our gold and other minerals with police escort.

A Government of Bandits!

Did Binance print 23 Trillion ways and means?

Did Binance rent an aircraft, slap on a fake logo and say it was Nigeria Air?

Or was it Binance that emptied the treasury?

Maybe Binance turned a recharge card seller into a Dollar Billionaire in 8 years?


APC members who facilitated the heists above are sitting free but we are heaping it on Binance.

A Party of Crooks

Paraman:
People who want the naira to become 2500/$ by now won't be happy with this move

In your eyes i hope it is now N700 to a dollar. olodo.

Binance has canceled direct dollar withdrawal into a Dom account a long time ago, so what is that point?

People are using P2P