Vistra40:


What has EndSARS got to do with cryptocurrency oga? Do you have sense at all?

thebosstrevor1:


Yes, but then again fraud.

This type of deal, i can never do that with a Nigerian.

SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

evil1:
Nigeria is the worst place to be in in these modern times.
Yes we have a banking system and that banking system regulates financial flow and economy.
Most countries that are saying crypto is illegal are going behind it and backing it up. even up to the extent of it been on world exchange market.
Crypto currency I believe even though its an easier approach to hidding criminal activites is still a major economic relief to Nigerians and especialy Small busineses.

Banks extrort from investors and its customers with the whole BVN stuff, NIN, SMS charges, VAT, etc....
Banks know that the moment they allow full fledged ditigal currencies and a system like Crypto that nobody regulates, it will cripple the banking system and they will no longer thrive because people like myself will rather collect payment through bitcoin and withdraw via same instead of using a banking system that will charge me for every transaction and even want to put me in a mortage situation.


I sincerely support crypto for SME's and other startups.

softset:
I have always said it that this government is run by insane people. How could you just wake up and make such a decision?

I won't blame them, next election, if you like collect 5000 you will get worse treatment.

Look at NIN, some idiot just woke up and made a decision without putting lots of things into consideration, so I arrive Nigeria now with no way to get a phone number. Many government decisions are never thought through.

We deserve better than what we are getting, Nigerians are smart people, we should never settle for less , mediocrity should not be an option when choosing leaders.

I apologize for being part of those that encouraged people to vote for Buhari during the first election, I encouraged over 80 of my employees in Lagos to vote for him, I thought he was the messiah. I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

Macgyver1:


Nice suggestion. Peer to Peer for me!

softset:
I have always said it that this government is run by insane people. How could you just wake up and make such a decision?

I won't blame them, next election, if you like collect 5000 you will get worse treatment.

Look at NIN, some idiot just woke up and made a decision without putting lots of things into consideration, so I arrive Nigeria now with no way to get a phone number. Many government decisions are never thought through.

We deserve better than what we are getting, Nigerians are smart people, we should never settle for less , mediocrity should not be an option when choosing leaders.

I apologize for being part of those that encouraged people to vote for Buhari during the first election, I encouraged over 80 of my employees in Lagos to vote for him, I thought he was the messiah. I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

Icumsa45:
Godwin E is a pig!

Nerro042:


On the contrary p2p is the biggest platform we use to sell or buy our bitcoin. Patricia and other registered companies are only a tip of a giant iceberg in the end governments can't really do much to stop crypto. Oh and btw this news seems fake

Inkling:


As in.... F9 on Economy...

Divay22:

I just got credited from luno now also ...
The panic is from next week we might find it hard to withdraw from luno going by this notice.

Rikidony:
guys pls hold on, what does this mean, is it that all my money i invest in Luno, Roqqu, Binance and Abitrader is gone and i cant withdraw back my money, because I'm not understanding..

privaldo:


Also, once again this can be bypassed that's why crypto is like the proverbial cockroach that can't be killed easily, governments like China and Iran tried it and failed. This new policy will only make people result to P2P lending which will even be worse for the CBN as they won't see any trace of the USD/FX coming into the country from crypto.

opalu:
Akon is building a City solely on Cryptocurrency

softset:
I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

lalasticlala:
CBN Shuts Down Cryptocurrency Exchange Bank Accounts

"February 5, 2021

LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS

The Central of Bank of Nigeria's (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs) and members of the pubic so the risk associated with transactions In crypto currency refers.

Father to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in crypto curencies or facilitating payments for cryptocurrency exchanges is prohibited. Accordingly, all DMBs.

NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating crypto currency exchanges within tier systemsand ensure that such accounts are closed immediately. Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect."

Osaretin Victor Asemota @asemota shared it on Twitter and wrote:



https://twitter.com/asemota/status/1357647685801676802

A Twitter user, Futurist @nathaniel_luz, reacted:


https://twitter.com/nathaniel_luz/status/1357648314016096256?s=19

thebosstrevor1:


Stop the hype.

Those platforms will not be able to trade with this new law.