StreetFight:


You won't mention your useless brother Godwin Emefiele who is the unfortunate CBN Governor that Ogun, Sango, Aiyelala and Esu Odara will soon such his blood dry before the gods then visit the lifeless one to use his for sacrifice

Isn't too wrong to just conclude on people you don't even know? How is Emefiele my brother if I may ask?

AdmiralEmmy:


https://www.today.ng/business/finance/cbn-nigerians-free-bitcoin-353492/amp

CBN have come back to their senses

Can we now buy crypto with our bank cards

berrystunn:
Lol

They came back after much explanation

Old men

They came back to deny after the VP Osinbajo called them to order
Our CBN should be forward looking as far as financial matters are concerned!
Dollars will stay for a long time but there are other Currencies that the World will be using as supporting instruments of paymentshe since the world itself is changing! CBN should be pro-active without any polical undertones.

joey150:
Crypto was never banned.

Most Nigerians cannot read, assimilate what they've read and understand it. People just follow the popular narrative if it suits their agenda, it usually does.

Nothing has changed. All CBN said was don't transact crypto through the formal banking sector.

That's a quasi ban. It's like telling me i can buy a car, but can't drive it.

hermesprogidy:

That's a quasi ban. It's like telling me i can buy a car, but can't drive it.

No it isn't. It's like saying, you can buy a car, but just don't drive it in any official road.

You still have bushes, forests, off-trails, villages and the desert to drive it in.

Never4getU:
Osinbanjo won this for Nigerian youths and it's economy. When u're trying so hard to impress ur master even as tho ur believe on something good becomes bad as good it satisfy ur oga at the top.

Mumu CBN gov emefiele

Osinbajo won nothing, you still can't move cryptos to fiat unless through P2P. CBN dullard didn't say anything different, nothing changed.

joey150:

No it isn't. It's like saying, you can buy a car, but just don't drive it in any official road.

You still have bushes, forests, off-trails, villages and the desert to drive it in.

Can you now convert cryptos to fiat through your bank account unless through P2P?

joey150:

No it isn't. It's like saying, you can buy a car, but just don't drive it in any official road.

You still have bushes, forests, off-trails, villages and the desert to drive it in.

You are making my point. That's why it's a quasi ban. Unless you misconstrued the meaning of quasi.

"The CBN did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector."


I have to admit I'm still confused: if I can't use any banking platform to make transactions into or out of a crypto account, how do I trade?

hermesprogidy:

You are making my point. That's why it's a quasi ban. Unless you misconstrued the meaning of quasi.

Oh yes, I see your point.

But there are ways around it. If you're keen enough to drive that car.

The current CBN governor is the most daft of all the CBN governor ever in Nigeria

AdmiralEmmy:


https://www.today.ng/business/finance/cbn-nigerians-free-bitcoin-353492/amp

CBN have come back to their senses

They haven't, actually. They are only trying to twist things.

CONFUSED SET OF PPL IN APC

Read people read.. Disallowed in the banking sector does not mean totally banned. If you have, no problem. if you are able to purchase, no problem (how you pay for it is left to you but "apparently" won't be through a Nigerian bank)

It's similar to how some items are banned from the official FX market but not banned from imports or purchase. In such cases people buy FX from the parallel market to fund such transactions.

Same old story �

Britishcoins:
The should allow us buy with our atm card, though btc is not my source of living but it is more promising than shithole currency we are using...
Some of my customers do pay with btc...

In a lay man's term, can BeeTeeCee be converted to cash and sent to a bank account? Cos am not understanding this Government again ooo

merits:
Godwin emefiele

Lazy youth. You seem to be the olodo because it appears you cant read nor comprehend CBNs position which has not changed but only reiterated.

Basher8583:


Lazy youth. You seem to be the olodo because it appears you cant read nor comprehend CBNs position which has not changed but only reiterated.

U 2

Same old story �

AdmiralEmmy:


https://www.today.ng/business/finance/cbn-nigerians-free-bitcoin-353492/amp

CBN have come back to their senses

Don’t be fooled nothing has actually changed!
Check the links below on how trade crypto without getting banned by CBN


https://www.youtube.com/watch?v=vYADFHhSX5A

Do Nigerian banks even bizness transact in crypto?This is d most dumbest CBN gorbanor I have ever seen alive.

Thank God

donbachi:
CBN..Confused Bank of Nigeria.

You deserve an award for this.

AAA593:
Na govt be this?

Nna help us ask them oo

CBn did the right thing, when you consider how reckless our local banks can be.
1)A crypto exchange going down can cause systemic failure in the banking system making CBN and even Amcon to bail out.
2)Exchanges began to fix their own naira rate and round tripping was encouraged.
3)A local bank can hold Crypto as part off it's assets , if or when it drops/corrects 80% what kind of shock do you think that will cause in a financial year.
4)Banks can't be made responsible for P2p transactions.
5)Crypto was killing Fintech and even micro finance banks.
6) Satoshi Designed BTC in such a way that CBNs will have no choice but to ban it.
7) KYC and AML issues.
Is the central banks job to first protect National Currency and banking institutions first or Encourage such innovation at all costs.
9) The Naira is currently backed by Oil not btc.
10) The CBNs gov tenor is 8yrs at Max not 2145 when the last Bitcoin. Will be mined.

If you are the CBN Gov with all these revelation. Would you not ban it immediately.

You guys should know that NO government on this earth wants this crypto.

It is a way of printing money by anyone, getting reach overnight without owning a refinery.

drizslim:
It makes no sense at all but you guys want us to buy Una shares?

Nigerian government don't enjoy financial growth of their masses.

So what's the difference

please how can I get involve in this cryptocurrency. I want to start investing in it too.

So what of the blocking of the accounts of people involved? confuse people as leaders.

joey150:


Oh yes, I see your point.

But there are ways around it. If you're keen enough to drive that car.

Sure.

Jeffy1206:
So what of the blocking of the accounts of people involved? confuse people as leaders.

No account has been blocked. Crypto exchanges will simply not allow you deposit or withdraw naira.