Recently, the Central Bank of Nigeria banned cryptocurrencies particularly instructing commercial banks not to allow crypto exchangers to use their platform to facilitate crypto transactions. The Central Bank based this decision on 3 main reasons;

1.) that crypto trading is opposed to its KYC policy and that it confers anonymity to traders;
2.) that the issue of anonymity is opposed to the nation's counter terrorism measures and could be exploited for the purpose of money laundering; and
3.) the need to regulate the amount of dollar in the economy

The Central Bank is definitely unaware that most of the crypto exchange platforms have strong KYC policy. In fact, you are not allowed to trade or exchange crypto unless you pass KYC. Of course, there is some level of anonymity in crypto trading and in fact the crypto world. For example, we don't really know the identity of Satoshi Nakamoto till date.

What the Central Bank needs to do and which it has promise to do is to study the activities of crypto trading in Nigeria. This decision was taken in response to heavy criticism following the ban and will shape its future decision on cryptocurrency . In fact, the Nigerian Senate after debating on the issue, has asked various committees to summon the Governor of the Central Bank for dialogue. Therefore, in the nearest future, the Central Bank is likely to reverse it decision.

But what should you do?

Cryptocurrencies and infact blockchains are here to stay and now is the best time to come on board. If you would like to mine FREE cryptocurrencies like me and thousands of other Nigerians, I would like to introduce you to 3 different cryptos that you can mine with your mobile phone. For these 3 cryptos, you don't need to deposit with any exchanger. Apart from being able to sell them in future, you would also be able to use them to pay for goods and services when the time comes thereby bypassing the exchanger-commercial bank link.

If you are interested you can contact me through the number on my profile or rather drop your phone number as I will surely contact you

Take action today, avoid regrets tomorrow.

I’m in

deejayuk20:
I’m in

Contact me through the number on my profile.

i am in

dreu2fine:
i am in

Contact me through the Whatsapp number on my profile