htdot:

You can go back to school... You know nothing.... A country that proposed 200billion dollar for covid 19 stimuli is a poor country?

Well, may I remind you that India's population is over 1.4 billion? (In comparison, USA with a population of 320 million has already spent trillions of dollars twice, and Joe Biden is still proposing trillions again. Needless to say, India is Asia's most corrupt country and we can presume that a significant part of that budget, if eventually approved will be looted. So, do your assignments well before you react to posts, intellectual discussions are not avenues to dish out unnecessary insults.

lkillbrokehoes:
Why is it only poor countries that they are banning cryptos? nawa oh

Poor countries?

Government hates freedom to the people, especially financial freedom and especially poor countries and most especially my country Nigeria

IamDavid:

India is a poor country. In fact, 70 percent of them live in poverty.

... Get your fact straight.

CBN is banning it for political reasons not economic reasons

PeaceLoveJoy:
Poor countries are resisting it. Lol. The future is e-currency. It is obvious why they are poor.

China is not poor, Canada is not poor. Bitcoin is not legal there.

nairalandankrah:
Third world countries rejecting cryptocurrency

Third world countries usually resist positive change. What else is news.

IamDavid:
India is a poor country. In fact, 70 percent of them live in poverty.

But a lot of Nigerians go there,
Make una they talk truth for yourselves na

India action seems more honourable than Nigeria government. It at least gives six months to investors to liquidate unlike Nigeria government that outrightly closed the account of investors

htdot:

... Get your fact straight.

That doesn't alter the fact that most Indians live in blinding poverty.

mike8804:
government is for controlling the populace, any threat to that will be met with outright sanctions. bitcoin takes the financial power of the government on the people and give it back to the people.

well packaged lie.
no need explaining how your last sentence works but it's either you heard it from another lier or your misleading people the way I presume you were misled.

well that's how to full the people, cos if it were so I'm sure all govt in the world would have banned it.

Brendaniel:
However, according to the official, the ban would not be imposed overnight, as in the case of Nigeria. Instead, investors would be given three to six months to liquidate their investments.

Buhari's government way of handling matters is like You seeing a snake in your farm and you call Buhari for help to catch the snake, Buhari claiming to be an expert sets your entire farm on fire and brings the dead snake to you ...

Just like NIN registration that some foolish people refused to do since it has been on since 2015. The CBN directive is almost 3 years old. Nobody ban anything overnight.

htdot:

... Get your fact straight.

Bro... Hundreds of millions are suffering in India. You have a phone now... Don't you even see it in their movies?

oloyedewaris:

But a lot of Nigerians go there,

Make una they talk truth for yourselves na

Nigeria is poorer doesn't change the fact that India is poor

this is not pfficial as they are considering it. What type of fake news is this?

Freestainworld:
with cryptocurrency, the government will be losing alot of money since they won't be mediating on individuals who trades online, reason they are banning it.

In what form the government will lose money?
The stock market is over 100 years it never any a threat to any government, now why crypto? Stock market and crypto are practically samething.

Springboot:


China is not poor, Canada is not poor. Bitcoin is not legal there.

Canada just approved its first bitcoin ETF which means investors can invested in pooled assets that would invest in bitcoin. Where so u preople read your news from sef?

FalseProphet1:
I see India becoming the next poverty capital of the world. This I have seen.

Indian is already the poverty computer of the word.

calcal:


In what form the government will lose money?
The stock market is over 100 years it never any a threat to any government, now why crypto? Stock market and crypto are practically samething.

Leave all this people that just copy and paste opinions without researching. If you ask him, he can't differentiate between a wallet and exchange sef

Ahmback:
There is more to this bitcoin of a thing than we know.

Ways of frustrating humans never ceases to exist.

any failed or about to fail economy would ban it.

profmallor:
CBN is banning it for political reasons not economic reasons

"political reasons" I will totally agree with you.....

truthfulparrot:
Cryptocurrency started as a good idea until Casino speculators and Ponzi manipulators started taking advantage of the fact that the scheme is largely unregulated to cash out big time.

Cryptocurrency is now the beautiful bride of money launderers and drug racketeers. Proceeds of criminal and illegal activities running into billions of dollars are passing through the cryptocurrency schems without being detected.

International business entities and billionaires started embracing cryptocurrency in other to envade tax. Developed countries like US, Britain and China had no choice than to join the bandwagon to the detriment of the economy of poor countries. But I am sure that these countries will soon ban cryptocurrency. THE CRASH OF CRYPTOCURRENCY IS IMMINENT.

The fact is Cryptocurrency is international version of MMM. It is highly erratic and unpredictable.
Cryptocurrency will cause great damage to emerging economies like India and Nigeria.
No doubt, cryptocurrency is the currency of the future only if a new world order can be achieved.

What bout Fiat currencies, criminals doesn’t use it for transactions?

mike8804:
government is for controlling the populace, any threat to that will be met with outright sanctions. bitcoin takes the financial power of the government on the people and give it back to the people.

so true

calcal:


In what form the government will lose money?
The stock market is over 100 years it never any a threat to any government, now why crypto? Stock market and crypto are practically samething.

Have sense please.....the stock market value is based on the value of a company's product, service and activities.....crypto is a free float digital currency that is based on nothing but speculation.......when you have a currency like crypto been used and traded within your borders all you are doing is putting strain on your legal tender.....and for a country like Nigeria or India with a massive population......if crypto gets to big it will practically devalue their currency......please pick up a book and learn to understand how currencies are valued.

truthfulparrot:
Cryptocurrency started as a good idea until Casino speculators and Ponzi manipulators started taking advantage of the fact that the scheme is largely unregulated to cash out big time.

Cryptocurrency is now the beautiful bride of money launderers and drug racketeers. Proceeds of criminal and illegal activities running into billions of dollars are passing through the cryptocurrency schems without being detected.

International business entities and billionaires started embracing cryptocurrency in other to envade tax. Developed countries like US, Britain and China had no choice than to join the bandwagon to the detriment of the economy of poor countries. But I am sure that these countries will soon ban cryptocurrency. THE CRASH OF CRYPTOCURRENCY IS IMMINENT.

The fact is Cryptocurrency is international version of MMM. It is highly erratic and unpredictable.
Cryptocurrency will cause great damage to emerging economies like India and Nigeria.
No doubt, cryptocurrency is the currency of the future only if a new world order can be achieved.

sir, your submission is pessimistically logical

Ahmback:
There is more to this bitcoin of a thing than we know.

Ways of frustrating humans never ceases to exist.

There's nothing else apart of lack of government control and its use to finance the dark web. With cryptos, there's nothing like KYC!

Incognito403:
Another correct country.

I knew India was a correct country since they started blocking our developer brothers.

what is this one saying ? Oga, your comment is so stale and antiquated. Get a job so your comment will change. People are leaving all these afonja, IPOB, developers trash to you alone ooo.

IamDavid:
Nigeria is poorer doesn't change the fact that India is poor

Bro you don't know what is called a poor country

Ahmback:
There is more to this bitcoin of a thing than we know.

Ways of frustrating humans never ceases to exist.

It's simple. Crypto is not subject to devaluation. Government cannot determined who gets money and becomes poor. Government cannot free ur account. Etc

SmartPolician:


There's nothing else apart of lack of government control and its use to finance the dark web. With cryptos, there's nothing like KYI!

dollar is the number one currency for illicit trades globally. $100 bill is very difficult to trace because the Fed keeps printing paper money. On the other hand, all BTC transactions can be traced. please try and study so you dont make baseless assumptions.