Islie:

•Insists restrictions to safeguard Nigerians, financial system

•Lists inherent risks

•To block accounts with suspicious transactions

•BDC operators, groups back Emefiele on transactions’ ban



https://www.thisdaylive.com/index.php/2021/02/08/cbn-investigates-cryptocurrency-companies-bank-accounts-for-fraud/

Islie:

•Insists restrictions to safeguard Nigerians, financial system

•Lists inherent risks

•To block accounts with suspicious transactions



https://www.thisdaylive.com/index.php/2021/02/08/cbn-investigates-cryptocurrency-companies-bank-accounts-for-fraud/

Jh0wsef:
Nonsense.
Gboys will still cashout.
You useless government want to finish the youth with tyranny.

the youths have woken up. they have discovered that nobody cares about them. OYO

If you can SURVIVE in Nigeria. you can survive in hell fire

Felabrity:
Trash


Go and fix naira and lift the ban


Crypto currency is not the cause of your misfortune

wink2015:


For guys who want to buy crypto like Bitcoin what are the option now following the ban by the federal government?

Patrioticman007:
Nigeria first, anything that will make naira to equal dollars is a welcome development.
Let them convert their bitcoins into goods that will be sold in Nigeria as cash out window.

Inteltower:
Pls don't be deceived as these people in power speak from 2 sides of their mouth.

They may have listed tangible reasons as to why they banned transactions in crypto

But get this:

1) CBN by it use of the word regulation means freezing your accounts when you are supporting a protest financially or to do something that challenges govt. By not doing certain things they the government want would mean closing ur account or restricting u financially.
They take away your financial independence which cryptpcurrency offers

2) The Alternative they are forcing us to abide is failing naira which only depreciates in your bank account
Compare a #10 naira fiat currency and a #10 naira in bitcoin, which has more appreciation value ?

3) They forgot to add among the financial system is their excessive bank charges monthly/annually, how about dollar restrictions but exemptions to piligrims and finally the worthless bank interests they give u on your money

4) Its not today that crime started, why haven't they banned the legal tender: Naira since it has been repeatedly used in fraud and kidnapping. Mind u some coins that were used for criminal activities can be traced

Some call it ponzi scheme, I call it liberty to an ever changing/advanced world and independently i wont play catch up.
Only those that lack understanding of what crypto is would call it ponzi or scam and am so sorry for u

They used corruption to destroy our economy which still happens today which has led us in being a consumption based economy, to roll out great policies and support youth startups then was war for them.

Now they want us all to grow in the backward pace of economy

A lot of people backing this sanction are the ruling class, not middle or lower class. They don't know where it pinches for a lot of persons. They havent stopped corruption which has put Nigeria in what it is today, a far greater evil
But to ban crypto; a financial innovation legal to the community that accepts it

See how the cornered the crime of fraud to youths just to blame crypto

Hmm I tire. Make we break up