They use cryto to laundre looted money,drug money and all sorts of illicits deals. CRYTO IS BAD FOR AGRIFAN ECONOMY,crypto is killing Africa economy, because African GOVTs ARE NOT SOFISTICATED TO CHECK CRYPTO CRIMES. ban it now.

Anywhere belle face govt

See the Technocrats When dem say Tinubu Appoint.

Very Mumu Pple.

Watin dem go ban for insecurity? Misplaced priority

Make them no play with me reach that side.

When I said it that this p2p guys were the ones that cause the high in dollars in Nigeriayou guys thoughts I was joking,you see the outcome.

I wonder how binance is now more powerful than the CBN. This government is clueless. If you like ban, nothing can stop vpn and p2p. Aje

Na wa ooo..


See people and government wey we think were ready and serious for the nation?



Nothing but trial and error approaches now.



Buhari u seem a bit clever than this clueless set of people now oo..

W

EbolaTinubu:
FOOLS banning it is not the solution to our problems

If you are still supporting this mad men in power, just submit yourself to a psychiatric home because you are not mentally Ok. You need serious help aswear

It's you talking senselessly..

You rubbish every suggestion without bringing any and still gaslighting.

fredsamuel1:
I wonder the kind of brain that God created this type of idiots with, imagine these fools when they were young were called the leaders of tomorrow. We are cursed in this forsaken country

APC/tunibu Supporters, plz.

EbolaTinubu:
FOOLS banning it is not the solution to our problems

If you are still supporting this mad men in power, just submit yourself to a psychiatric home because you are not mentally Ok. You need serious help aswear

Pls Oga know it. Explain to us the so called lost ones how we can save the Naira. Coz you clearly didn't say anything meaningful.

As I already, crypto are no different from BDC, speculators and money launderers!

Let's allow them to ban crypto, maybe that will make them see that Crypto isn't the problem

Most youths into crypto are internet fraudsters, Efcc should go after them. And FG should ban crypto

The posts here underscores what Onanuga is saying about those lamenting about the Naira.

Many lament but are actually the cheerleaders of this fall.

Ds government don lost am totally...

Government should try to reason with suggestions that will safe our currency.

Nigeria will be great.

Mccullum:


It's you talking senselessly..

You rubbish every suggestion without bringing any and still gaslighting.

Many do not want any solution.

They are happy as things are and would attack an solution proffered.

Experimentation continues

Una dey shout say food n livelihood in general don cost, but you lots have no idea but to rain insults on the efforts of the government towards saving the Naira. Is bannng Bnance and Crypto platforms in view of its financial atrocities in other countries bad? I believe if it will save us N20, it's a welcome idea.

When it was banned guys dey trade even the AGF Malami traded , the ban will do more harm to Nigeria economy if PMB had not bann the crypto trading Nigeria wouldn't be in this mess because their would be more FX liquidity in the Nigerian crypto market which will indirectly allow inflow of FX into the nation. The root cause of this FX crisis is high debt profile of Nigeria, educational tourism abroad and not diversifying the economy, Nigeria has a lot of potential in earning in tech, education l, health, agriculture and tourism.
For the short term gl.
1 PBAT should suspend the activities of BDC
2 Start trading with our major market (China) in their local currency RMB, and lets all our buyers from abroad trade with us in Naira.
3 Stop medical tourism and unnecessary travel by government officials.
4 Suspend all food exportation for at least 6 months
5 Invite foreign investors by giving tax incentives
6 Reduce VAT and increase import duties to discourage importation and encourage local production
In the Long run
1 fix electricity by given loans to individual or businesses to install solar powers
2 Invest heavily in agriculture, education, health and build tech hubs in major places like Aba, Ikeja , Kano and Ibadan.
3 Join BRICS
4 Full privatization of refineries

Personally, BDC & dorm account should be banned, start from there.

Then banks should make dollar payment on behalf of their customers who needs it. Avoid selling dollar to anyone, instead make payment on their behalf. This should continue until trust is restored.

EbolaTinubu:
Nigeria is cursed with bad leadership.
If you expect anything good from this set of criminals, then you are a fool

I swear that's our own natural disaster

Hope our case is not like a drowning man who will cling at anything and everything with the hope of staying afloat.
May Nigeria win. Amen

LilyColin:
Old age no mean say make person get sense.


I no get strength to talk abeg, hungerbad☹️

yes . Because even fools grow old

Crypto is not betting/gambling !!
For a layman,you may relate crypto to buying of shares as an investment,be it for long term or for a short term.

Also,no goverment in the world can ban crypto ! And the reason for that is because it is decentralized!!

The only thing or part of what government could do is to make policies to tailor and restrict the centralized exchange websites/company's. For example,the USA government restricted binance in the way it does business with her citizens,and that's why binance had to create a version of binance known as www.binance.us just to sooth the financial policies of the USA financial Authority. I think that's the most the Nigeria Government can do.

You saying a government will take down crypto is basically you saying a government will shut down the internet !!

And truly,if internet cease to exist,then crypto will also cease to exist,because crypto is built on the backbone of Blockchain technology,which is built on the backbone of the internet,just like emails and the rest.

No one should panic to withdrawal his/her funds from any of the exchanges,just look out for announcements and update from them.

Like me,I have non-custodial wallets which I use, I use coinomi especially because they have relative good fees. But I can't do without custodian wallets/exchanges like binance because I trade (futures trading) derivatives market especially,though i trade Spot markets too. But the former is more lucrative and more risky,you just need to understand and apply risk management strategies at all time and also put your greed on check 24/7.

Just as in cash money,there are many use cases for crypto too,cash money is used by the same oil and gas gurus for fraud,the same goes to politicians and the likes,hence crypto is not left out. Or have we ever heard that crypto was transported via bullion van to any politician house? Or Abacha use crypto nii?
Emefiele nko?

I'm an early bitcoin adopter since 2013,that's when I created my first wallet with blockchain.info, I think they are now blockchain.com. Then,most of the P2P trades happended ONLY on bitcointalk forum,which is the first ever website created for the propagation of bitcoin.

In 2016,I made a profit of more than 300 million naira with an investment of 5 million naira on some shit coins via cryptopia.co.nz , a website that was latter hacked that same year. I still had some coins there when the hack occurred.


Everyday,I spent more than 15 hours analysing trade pairs on futures trading.

For those of us who still think crypto is majorly scam or for scamming or for yahoo yahoo to client thing,please you are wrong. You need to have an open mind as regards crypto.

Also,try to read stories and Google about young crypto billionaires. Also please read about how CZ the founder of binance sold his house and used the money realised to invest on crypto.Now the rest is history !!

Blessings !

Crypto should be banned in our country or else this bleeding of our currency will continue unabated.

They want to re-ban it? bunch of clowns

Crypto ban will not save Nigerian economy CBN must check trajectory of its monetary implementation policies.

Dem no know BanCe abi.

Very “Yeye” people….