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Nairaland Forum / Nairaland / General / Business / Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times (18788 Views)
FOREX Crisis: FG Slams $10 Billion Fine On Binance / FG Blocks Binance, Coinbase, Octafx, Kraken, Other Crypto Firms - Premium Times / Nigeria To Clampdown On Loan Apps For Illegal Debt Recovery (2) (3) (4)
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Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by fergie001: 8:23am On Feb 21 |
The Nigerian government is considering blocking the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds, officials with knowledge of the policy option have told PREMIUM TIMES. SOURCE 10 Likes 2 Shares
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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Nbote(m): 8:29am On Feb 21 |
At this point, it is very very very very clear that these people are very very very very clueless. This is what you get when you bring in relics as leaders. Is Nigeria the only country using Binance? How can anyone who isn't a slowpoke claim Binance is a sophisticated heist against the economy? Your borrowings, your cost of governance, your unapologetic pilfering of public funds aren't all against the economy but na Binance that's has no physical office in the country, used by hundreds of millions worldwide in hundreds of countries that is a heist against the economy?? How is this any different from what Buharia did by banning crypto?? Zxcvbnmghtr: I didn't campaign for the job, I am not being paid for the job neither am I qualified for the job but arleast the little knowledge I have is enough to know that this is foolishness. I don't expect an imbe.cile to know that Britishpea: Banks are used for money laundering. BDCs are used for money laundering. Gold traders and miners are used for money laundering. They've Even being using petrol stations and real estate to launder money and these days they use FCCMG businesses to launder money. Do almost all politicians and public office holders not have dollar accounts in tens and hundreds of millions? The likes of BLord, Hushpuppi have always been fraudsters but didn't need Binance to be fraudsters Winning123: Only imbe.ciles are those with mucus in their brains will reason like you. South Africa's economy is suffering a heist, Australia, Japan, Switzerland, Taiwan who are all miles ahead aren't suffering economic heist. But it is Nigeria who's politicians practically carry Ghana must go bags of cash around, stash it in their houses that is suffering from economic heist? Fraudsters have been using banks to launder money and receive dollars payment time and time again but suddenly Binance is the problem? 175 Likes 16 Shares
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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by derecho(m): 8:42am On Feb 21 |
Tinubu is not only illegitimate BUT clueless 101 Likes 7 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Akwamkpuruamu: 8:45am On Feb 21 |
Senseless fights. Dem close Abokifx yet Dollar no fall. Dem shoot BDCs yet e nọ work. Now na to close Binance and Flutter wave... Agbero economic style... very senseless 121 Likes 6 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by inoki247: 8:45am On Feb 21 |
I sha see say no merchant to for buying since yesterday and the selling rate are the same.... 4 Likes 2 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by CelestineNelson: 8:45am On Feb 21 |
Let the Crypto world hear me...your illusionary investment is about to be touched ... 8 Likes 4 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Cassandraloius: 8:46am On Feb 21 |
Senseless indeed. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by happney65: 8:46am On Feb 21 |
How far clamping down on aboxifx and others ? Nonesense! 25 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Ogiame: 8:46am On Feb 21 |
Una sure say Tinubu well so? 61 Likes 4 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by HateBigots: 8:46am On Feb 21 |
... Trial and Error government 56 Likes 1 Share |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by igahdavid(m): 8:46am On Feb 21 |
Anytime I see News like this, I know naira is going to fall the more as this shows that the government doesn't know what they are doing. 40 Likes 1 Share |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by omoredia: 8:46am On Feb 21 |
Instead of u to ban BDCs and stop selling FX to them. BDC have more dollars than the CBN as we speak and the CBN is still selling dollars to them 47 Likes 7 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by tobenuel(m): 8:46am On Feb 21 |
Where no counsel is the people will fall, but in the multitude of counsellors there is safety. 5 Likes 2 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by kolosman(m): 8:46am On Feb 21 |
Abeg, make una allow crypto boys see food chop. Wetin una dey clampdown again for this kind intense hunger. 8 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Haydens: 8:46am On Feb 21 |
Na Ebola TInankwa's government be the founding father of trial and error. Try your luck wan wound them. 16 Likes 2 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by kiddkash(m): 8:46am On Feb 21 |
Floating the currency when we don't have a big economy. He can't go back now, because he would be mocked 41 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Dottore: 8:46am On Feb 21 |
Ok |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by FourQu: 8:47am On Feb 21 |
Eh chai I pity people from the crypto thread in the nairaland business section They were so happy this past week about their bull/bear pip tinz, Sootey ilegend dey brag with his binance screenshots upandan now this? Eiyaah! Tinubu is about to happen to them BIG TIME 5 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by merits(m): 8:47am On Feb 21 |
fergie001: Abeg they should leave BINANCE alone oo because my money is growing like grass there. The last time I checked my balance I was amazed 🙀🙀🙀 9 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by ClearFlair: 8:47am On Feb 21 |
Still not addressing the main issues 3 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by chidiokay: 8:47am On Feb 21 |
These govt is deliberately not serious 11 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by abbeyd17(m): 8:47am On Feb 21 |
we are in deep shit and mess in the country 2 Likes 1 Share |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by adecz: 8:47am On Feb 21 |
If Mele Kyari of NNPC is not sacked and investigated, the forex issues will never be settled... This man was selling our crude oil 🛢️🛢️in dollars💲💲💲and sharing the money with Buhari 😕😕😕 25 Likes
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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Primusinterpares(m): 8:47am On Feb 21 |
Let them keep beating about the bush. Chasing shafts and acting blind to the root cause of the problem. Until the government address productivity , insecurity education and innovation. All these things they are doing will only make it worst 16 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by adioolayi(m): 8:47am On Feb 21 |
Go after Banks MDs.. State Governors ... Big corporations... These are the ones into round-tripping 15 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Haaland21: 8:47am On Feb 21 |
Totally in support of this. 7 Likes 2 Shares |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by AntiChristian: 8:47am On Feb 21 |
We are always looking for ways to frustrate government policies! We need to purge ourselves of corruption as its not only common with the leaders! 2 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by SalamRushdie: 8:48am On Feb 21 |
How will they achieve this ? 4 Likes 1 Share |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by samuelson06(m): 8:48am On Feb 21 |
These guys just want to kill tech and create more damage to the economy and the youths. No one should believe they know what they are doing. They don't. Binance P2P trading even depends on the street currency rates and not on the contrary. This is the same thing they did to AbokiFX. Did that change anything? Why can't the government just do the right thing? We can now see the result of closing recruitment into the CBN from the public. There's no time that the CBN openly advertises its vacant positions. Instead, they pick the children of the rich to fill those positions. Their action is now coming back to bite the nation because 90% of them in that place can't think critically and proffer solutions. They only speculate as they've been doing over the years. Nigeria runs a monoeconony that depends on crude oil and there's no way the economy can see the light when we've bastardized that sector. If anything, we should manage everything around crude oil with utmost care to stabilize the economy. If I were Tinubu, I'll swallow the humble pie and restore fuel subsidy the way I met it. That's where our problems started from. Another major error was the floating of the naira. Why was the man doing that? Time and time again, people have come forward to advise the FG not to devalue the naira. Devaluing the currency has always been the idea of the IMF to kill our currency. If there's any way the FG can undo that action, I'll advise them to do so. We should also admit that a significant population of Nigeria doesn't contribute to the economy because they are only doing small businesses. The few people that can help the situation, e.g., Dangote, BUA, etc. seems to be taking advantage of the economy, especially as the government hardly audit or regulate their operation. Instead, they always want to frustrate the young tech guys that even try to help as a group. As long as the FG keeps running away from doing the right thing, the naira will keep falling. For me, the FG is only pained that they can't use muscle to deal with the situation because they always like it that way, example is the way they are clamping down on the BDCs that have nothing to do with the weak naira, instead of dealing with the big problems that they caused. 13 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by jmoore(m): 8:49am On Feb 21 |
Fools in power. Always chasing shadows. 4 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Zxcvbnmghtr: 8:49am On Feb 21 |
Nbote: But you haven't told us what the solution is, you have only been making noise. Empty vessel makes the loudest of noise. 2 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by tejumorelar: 8:49am On Feb 21 |
These our current leaders are failures |
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