Naira To Be Delisted From Crypto P2P Platforms - Business (9)

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Naira To Be Delisted From Crypto P2P Platforms - Business (9) - Nairaland

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Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 5:12am On May 08

Ooooooooooooh why are you telling them all these now?

Them wan ban crypto as if there ban means anything from time immemorial.
See oo, can they themselves stop doing FOREIGN EXCHANGE?

I laugh in Satoshi. Awon Oloshi BamBam!!
Awon kuruwonji C.B.Nonsense!
Banning Crypto is Like When All those Stupid NATO NONSENSE member Nations Sanctions there Great Great Great Grandfather -RUSSIA. They shoot themselves in the Head. Dollar go die soon now because of Gold Backed BRICS CURRENCY. And when Dollar dies, wetting go happen to there lowlife EURO? Awon SHEGE Bansa. That is exactly how C.B.Nonsense of Nigeria handlers are thinking.

Wait ooo, Eversend they, Wirepay, afriex, and many more that are secretly unknown and those olodos in Tinubu GOVERMENT say them one ban KRYPTO in Nigeria?

I laugh in Dedollarization grin

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.

For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

Modified: For those of you quoting to tell me FG will completely ban crypto, it's like Satoshi Nakamoto is a joke to you all 😂

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 6:05am On May 08

Babalegba:
The US dollar,naira and other fiat currencies do have tangible intrinsic items of value behind them. The nigerian government for example could print one billion naira knowing fully well that it has oil ,
other tangible products and services to back up the paper money
When a country does not have the resources to back up the paper money,then there is a problem like we currently have in Zimbabwe.
You then have a scenario where a bar of soap could cost one trillion.
I do support the federal government on this matter as I don't want the Nigerian economy to be destroyed because of a fad.
Money should be based on concrete things like the gold standard.

What you do not understand is that Crypto Currency is what is meant to allow the COMMONERS LIKE YOU AND ME TO HIJACK BACK WHAT THE 'GOVERNMENT' HAVE UNLAWFULLY TAKEN AWAY FROM THE MASSES.

Now that we have United States Dollar Crypto Currency Versions like USDT, USDC, DAI, TUSD, PayPal Dollar (can you hear that? PayPal too is into crypto) etc. you now have the Power to Neutralize TINUBU'S introduced ARTIFICIAL INFLATION which He created by refusing to Subsidize the Naira when Nigeria is still under the PETRODOLLAR System which is even another scam by USA, BRITAIN and Other Imperial Nations in there NATO non-sense!

Do you under why I quote the word 'GOVERNMENT' earlier?

I would like to talked to you on WhatsApp. I want the knowledge about all these lies of About Crypto, Naira-Devaluation etc to circulate.
Every Nigerian must know about the secret of The Ruling Class in Nigeria and How To Legally Counteract them using the Banks in Nigeria and Outside Nigeria and Yes the same Crypto that is uncovering there ass!

Zero 706057 8569

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 6:21am On May 08

Look oo, all these people are still living in yesteryears as far back as 1444!!
They still do not understand the TRUE CONCEPT OF money that is the reason why they are in support of the awkward views and act of Nigeria Government over crypto.
Look at the Late President Muhammad Ghadafi, During is Glorious Leadership Of Libya, He ensured that each citizen of Libya directly get paid out of His Country's Crude Oil Revenues.
In such environment, would there be need for me to use Crypto to Hijack back anything by converting my Libyan Dinar to USDT via P2P or Mastercard web POS transactions to trade the converted currency at Arbitrage Levels and send it back to the network of my country to get paid? NEVER!!

So it means here in Nigeria where we have Wickedly WICKED Corrupt Polithiefcians that do not care about the positive livelihood of the Masses, THE MASSES OUGTH TO TAKE THE LAWS INTO THERE HANDS LEGALLY BY CONVERTING THE NAIRA TO STABLE CEYPTO DOLLARS to do Arbitrage with it and sell the profit back to Naira to Hijack from the government what is there RIGTH out of the Crude Oil and other Mineral Resources Revenue Inflows.
Loba tan!
Na who no know road to the correct destination they wander in wilderness.

To Hell with C.B.Nonsense and the policies over CRYPTO!!

Villagesquare:

A youth that is into Crypto trading is more useful and more economically viable than You propagandist. Only if you know the capital base some of the people you call Lazy youth trade with. You can't fight innovation that have come to stay, even all mighty great nations know very well about this.

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 6:34am On May 08

I laugh in banning of Crypto on Nojiriya!!
Options dey bereketeeeeeee!!
Na now the ban sweet pass!!!
Kemana🤣🤣🤣🤣😂😂

DEswiftfx:
You can use Cash-in app to withdraw your crypto directly to your bank account without using p2p
https://cash-in.app/ref/8dd4767e49a4

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 6:40am On May 08

KushLyon:

The US is smart enough to benefit from crypto by taxing it but here your government doesn't have the same wisdom and would rather try to destroy it

The only way to stop crypto in Nigeria is to stop Internet Provision and if they do, WE YOUTHS WHO ARE LEFT WILL TOTALLY JAPA leaving those wicked old fools ruling us to keep ruling themselves while we operate there Bank Networks from outside Nigeria.

Meta ni Aiye: AFEFE(Air) , Omi(water) and Iyepe( Sand).

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 6:48am On May 08

Enugurangers:
Great news..Wealth without enterprise.

Crypto is the Money of the Commoners. FIAT is for the Private Families Group called Government.

What is Money in the true sense?

Can you explain away from the concept of the establishments?

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 6:51am On May 08

Babalegba:
I do find it awkward as well that people are making money without manufacturing products and providing services. It does look like a ponzi scheme and ponzi schemes don't usually end well.

No, it is not Ponzi.

Take a cue from Late President Muhammad Ghadafi, why did He make sure His citizens get a direct share of his country's crude oil sales revenues during is glorious Leadership (not Rulership) of Libya?

What "work" are the masses doing for Libyan Government then for them to deserve those Golden Soft Landing Treatments by President Muhammad Ghadafi?

Can you explain?

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:00am On May 08

clearcrystal:
This is a good news.
All those lazy youth that are hell bent on destroying our economy by trading and speculating the exchange rate on P2P platforms are in deep shit already.
Instead of investing in physical asset they prefer to get rich quicker by trading USDT in the comfort of their bedroom at the detriment of our economy.
I keep telling people the rate we see online is not the true exchange rate.
I'm sure they will switch to Telegram but don't be surprised in 2 weeks time the CBN will equally ban Telegram.

Let them ban The Internet. Infact, for those of us that are Electronic engineers, we have the circuits and yes component to assemble to tap directly into satellites for internet connections. So know it now that you can never Limit Jehovah God who create the Air, Water and Earth Crust.

Other option is to leave Nigeria to neighboring African countries that have reasonable Polithiefcians. And from there we would be legally taking back our RIGTH from NIGERIA Government using the Networks of Banks in and outside the shpere of Nigeria.

WEAPONIZING POVERTY is a message to the masses to TAKE THE BULL BY THE HORNS THEMSELVES. BUT IT AS TO BE LEGALLY.
THE LEGAL MEANS IS VIA CRYTO(the money of the globally oppressed people) not YahooYahoo.

Well, all I can tell you now is to get yourself educated away from there schools to better understand how these wild animals Ruling and not leading Nigeria can be legally dealt with using the same Financial institutions they using to Kill the Masses.

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:02am On May 08

clearcrystal:

Do you think only government can increase our export?
If people like you keep investing millions of naira in crypto, how do we then increase our export?

What is Saudi Arabia exporting that makes there Currency stronger than Naira?

Can answer please?

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Ijaya123: 7:07am On May 08

Villagesquare:

So what is depleting Nigeria's foreign reserve

All the financial debt obligations that Emefailure put us into that the current CBN governor had to offset.

I thought that is public knowledge. Are you having selective amnesia?

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:10am On May 08

clearcrystal:

Do you think only government can increase our export?
If people like you keep investing millions of naira in crypto, how do we then increase our export?

Do not wander in the wilderness aimlessly.

So far Nigeria handlers refuse to leave the Petro-dollar system, your Naira will not be as strong as it suppose to be whether you export more than you import or not.

The correct way is to DEDOLARRISE.

Meaning Naira should be the currency our import and export traded in and not the scam called Dollar!!

Thanks to the BRICS NationWood.

What stops Nigeria from Dedollarizing?

Is it not an act of acute disrespect for a Nation to be dictating to me to use her currency to do internation trade instead of Mine?

Think about it now!!!!

Think!!!!

Think!!!

What does those God Forsaking Western European Nations have for them to be dictating for Nigeria and Africa at Large to be in obeisance to there NATO NONSENSE CONTROLLED I.M.F, WORLD BANK etc?

If they are truly rich in western Europe, why are they hell bent on leeching on Africa Resources?

Once Nigeria dedolarize, Naira would experience the true laws of Supply and Demand thereby making gain the true value it deserves in view of our Export and Import level.

Is United Arab Emirates Currency AED not stronger than Naira? Yes. But what do they reply on as export in that Nation? Is not Oil?
Is Nigeria only Rich in Oil? No?

Why are her citizens then languishing in ABJECT POVERTY WITH RECKLESS ABADDON?

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:28am On May 08

BannedUser:

You must be kidding if you think you can be lazy and make money in crypto. I've made millions in crypto trading but I had to sweat for two years before I started becoming profitable.

You keep on saying it's ponzi the same way people have been calling bitcoin since it was less than $1 in 2009. But today, Blackrock, the world's largest asset manager, with $10 trillion in assets is now offering bitcoin to its clients.

Abi oo!

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:28am On May 08

Kukutente23:

So it's Nigerians that are the problem of the country
When did you realise that? When your favourite politicians got into govt abi

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:29am On May 08

🤣🤣😂😂🤣

Nonny95:

Meaning he was the problem during GEJ era and yet he foóølishly protested in Ojota😂

Re: Naira To Be Delisted From Crypto P2P Platforms by darediamond(m): 7:37am On May 08

Babalegba:
Bitcoin is the biggest ponzi scheme the world has ever seen. There is no product or service being rendered but huge amount of electricity is consumed to make the Bitcoin.No value whatsoever is added to the human experience

You do not understand the concept of Cryptocurrency let alone FIAT currency that is why you say this.

With fiat currencies you as a commoner remains 'bloody civilian' or 'useless eater' or 'slave'. But with crypto currencies, you become King and Queens. Your RIGTH to the Natural and yes Human resouyof your land becomes yours without let up.

Come to think of the word GOVERNMENT. Is it true to the benefit of we the RULED?
Hell No!

Do you know why?

Answer: The word GOVERNMENT means the Amalgamation of Individual Private Families groups who comes together to forcefully sudue other lowly families. These private Families groups have illegally hijacked your RIGTH to the resources of the land of your forefathers and Mothers using the scam code of conduct called 'constitution' which they made themselves to be above. Or does your Rulers here in Nigeria respects rules of law and laws of equality of the Land?

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Indaboskikoboko: 9:03am On May 08

rinzaugustine:
The solution for them is to let Nigerians know how much CBN is printing daily, from there people will have a clue on what is happening to the naira. If you are not printing your own currency and buying up dollars there is no way your currency can lose more than 5 naira in a single day not to talk of over 100 naira. You can rig other systems but impossible to rig that forex attached to the American dollars

I logged in just to tell you that your last statement is goated

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Growing(m): 9:52am On May 08

Nigerian government is making Bitcoin more valuable by her very own actions.

Tell us how much CBN has printed.

Let us start from there.

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by binary01: 10:49am On May 08

rinzaugustine:
Lol these people are chasing rats inside a mosque…no plan , no policy, no direction, no road map on the way foward… just only propaganda aimed at igbos to hoodwink their baby brain followers but thankfully the igbos saw the antics miles ahead and ignored them and now they are looking like idiots in the eyes of Nigerians

as per na only igbos dey use crypto for nigeria? I agree with your point on the government being clueless but everything else is straight up tribalistic mentality which if you do not know, is part of this country biggest problem

Re: Naira To Be Delisted From Crypto P2P Platforms by binary01: 10:51am On May 08

clearcrystal:
This is a good news.
All those lazy youth that are hell bent on destroying our economy by trading and speculating the exchange rate on P2P platforms are in deep shit already.
Instead of investing in physical asset they prefer to get rich quicker by trading USDT in the comfort of their bedroom at the detriment of our economy.
I keep telling people the rate we see online is not the true exchange rate.
I'm sure they will switch to Telegram but don't be surprised in 2 weeks time the CBN will equally ban Telegram.

have you seen a big fool today? If no go and look in the mirror if yes still look in the mirror to remind yourself

Re: Naira To Be Delisted From Crypto P2P Platforms by Johnnick: 8:44am On May 09

They should face there fear all

Re: Naira To Be Delisted From Crypto P2P Platforms by Johnnick: 8:48am On May 09

What??...😳

Re: Naira To Be Delisted From Crypto P2P Platforms by Honor10: 1:52pm On May 09

rinzaugustine:
Lol these people are chasing rats inside a mosque…no plan , no policy, no direction, no road map on the way foward… just only propaganda aimed at igbos to hoodwink their baby brain followers but thankfully the igbos saw the antics miles ahead and ignored them and now they are looking like idiots in the eyes of Nigerians

What concerned igbo with delisting naira on P2p are you sure have brain?

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Konquest: 6:52pm On May 10

Babalegba:

The Federal Government has announced plans to delist the naira from all peer-to-peer (P2P) platforms.

The Director General of the Securities and Exchange Commission, Emomotimi Agama, made this disclosure in a virtual meeting with blockchain stakeholders on Monday.

This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market.

The country’s regulatory authorities have been investigating and scrutinising cryptocurrency exchanges in recent months.

On March 8, the biggest cryptocurrency exchange, Binance, stopped its naira services.

https://punchng.com/just-in-fg-to-delist-naira-from-p2p-platforms/

Re: Naira To Be Delisted From Crypto P2P Platforms by Konquest: 6:53pm On May 10

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.

For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

Modified: For those of you quoting to tell me FG will completely ban crypto, it's like Satoshi Nakamoto is a joke to you all 😂

Indeed.

Re: Naira To Be Delisted From Crypto P2P Platforms by ttime(m): 9:02pm On May 10

YouAreNobody:

Lolzzzzz...clown, I'm sure you don't know what "decentralized" means

Pls explain to me, Mr sense,
Is d data stored in ur bedroom?

Re: Naira To Be Delisted From Crypto P2P Platforms by ttime(m): 9:05pm On May 10

BannedUser:

Go and do your research. Bitcoin is actually resistant to those things because of its decentralized nature. The only thing that gets wiped away is the record of your money in the bank. Dey play

Are u aware Russia already has a nuclear weapon equivalent of an EMP in space that can fry all electronic gadgets within specific regions. If they can target d constellation of space x satellites in orbit, what are ur decentralized servers going to do to stop them?
U think decentralized is immune to all attacks, nothing built by man is immune to attack in a warfare scenario.

Re: Naira To Be Delisted From Crypto P2P Platforms by YouAreNobody: 9:48pm On May 10

ttime:

Pls explain to me, Mr sense,
Is d data stored in ur bedroom?

the time you used to type this would've been better invested in doing a simple google search to find out what it means for data to be decentralized.

Re: Naira To Be Delisted From Crypto P2P Platforms by YouAreNobody: 9:50pm On May 10

ttime:

Are u aware Russia already has a nuclear weapon equivalent of an EMP in space that can fry all electronic gadgets within specific regions. If they can target d constellation of space x satellites in orbit, what are ur decentralized servers going to do to stop them?
U think decentralized is immune to all attacks, nothing built by man is immune to attack in a warfare scenario.

But this same situation applied to banks too. Crypto is even more secure due to its decentralized nature. Even if there's a worldwide EMP strike, crypto stored in hardware wallets will survive, but all records of your funds in banks will be wiped out

Re: Naira To Be Delisted From Crypto P2P Platforms by BannedUser: 10:50pm On May 10

ttime:

Are u aware Russia already has a nuclear weapon equivalent of an EMP in space that can fry all electronic gadgets within specific regions. If they can target d constellation of space x satellites in orbit, what are ur decentralized servers going to do to stop them?
U think decentralized is immune to all attacks, nothing built by man is immune to attack in a warfare scenario.

You just made several untrue and false assertions. I don't have the time to lecture you. You still have a long way to go. LoL.

Re: Naira To Be Delisted From Crypto P2P Platforms by yinkeys(m): 6:14pm On May 11

Kingcid:

Heard of VPN??)

Not really
Maybe you can help me with paid vpn login details grin

Re: Naira To Be Delisted From Crypto P2P Platforms by Johnnick: 4:59pm On May 13

FROM THE OFFICE OF SECRETARY GENERAL IGALA STUDENTS ASSOCIATION NATIONAL, BEST WISHES TO THE COMMANDER OF MAN O' WAR
Prince Abubakar Audu University, Anyigba, Kogi State,

On behalf of Igala Students Association National today, we celebrate your unwavering dedication, passion, and selflessness in service of our noble cause. Your leadership shines as a light guiding us towards victory and glory.

May this year bring you wisdom, strength, and triumph in all of your endeavors. Your vision motivates us and your courage and resilience inspire us to strive for excellence. We respect, admire, and appreciate your unwavering commitment to our mission.

As we mark this significant milestone in your journey, we salute your achievements, perseverance, and determination. Here's to another year of triumph and glory under your leadership! May your birthday be filled with joy, love, and celebration, and may all of your dreams and aspirations come true. Here’s to our Commander-in-Chief!

Comr Udeh Nicholas Ojonojima (SP)
ISA National Secretary General

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