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Nairaland Forum / Nairaland / General / Business / Binance to stop Naira Services Amid Crackdown On Crypto Exchanges (14596 Views)
Dollar Rise: EFCC Continues Crackdown On Cryptocurrency Platforms, Others / Nigeria Asks Binance To Disclose Top 100 Users, Executives Remain Detained / Bitcoin Falls Sharply After China Signals Cryptocurrency Crackdown (2) (3) (4)
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by HEBEI: 6:02pm On Mar 05 |
You can stop crypto/naira pairs on Binance, but you can never stop Nigerians from crypto trading. There are always many many many ways to kill a rat. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Fr33born(m): 6:02pm On Mar 05 |
I see. Let’s see who they will blame next. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Elvis2kay: 6:03pm On Mar 05 |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Theunbothered: 6:04pm On Mar 05 |
lazkizz:If you believe this will happen just return your school fees to your parents. 4 Likes |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by adamusuleiman1: 6:06pm On Mar 05 |
Good news |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Elsueno: 6:08pm On Mar 05 |
DenreleDave: Nah, it's surely binance fault, didn't U hear what the govt said, 26 billion dollars(USDT) passed through 9ja binance in just a single year ...they even forgot say, d entire market capitalisation for USDT na about 90 something billion dollars for d entire world!! On a serious note, who would even go through binance or p2p if dollar is readily available ...our govt still doesn't want to face d elephant in d room. They would most likely still find something insignificant to blame when this fails as we |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by lexy2014: 6:08pm On Mar 05 |
MrFixIt007: why are you ridiculing Tinubu? do you want his minions to call you enemy and hater of Nigeria? |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Tap0lane: 6:09pm On Mar 05 |
It can but do we have a sensible leader or CBN governor that can ensure that ?! After Binanxe as been exposed as the manipulator with Naira losing over ₦100 daily why as the govt not force it to manipulate back to what it was before it started the manipulation or simple jail every soul attach to Binance in Nigeria to life imprisonment. Did they not see what the USA senate did to same Binance over there in America where it came from ? Should Nigeria not be more harsh n even more desperate n wicked to punish the bastards running the firms. Theunbothered: 3 Likes |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Emeka71(m): 6:11pm On Mar 05 |
Anatakuebira:I'm here. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by spiSeyi: 6:12pm On Mar 05 |
CBN is chasing rats while the house is burning . The CBN chairman is as corrupt as Emefiele else he would have jailed the bank MDs because they are the root cause of all this. Trading crypto is just like trading other assets like Gold, crude oil and even comondities like food items. If going by this let CBN arrest all the market men and women. Banks buy USD at an official rate then sell to BDC, while would Nigerians not able to buy FX in the banking hall despite the Billions of USD the CBN claim to sell to them And as for the speculators the CBN & the FG played into their hands by floating the Naira when the excess money in the circulation has not been cleared and when the BDC have not been regulated. This CBN governor if not properly checked will be the worst thing that might happen to Nigeria economy 2 Likes |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Chetas81(m): 6:13pm On Mar 05 |
lazkizz:that is insanity |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by ModCaller: 6:15pm On Mar 05 |
This is not good. Nigerian government doesn't know that crypto has been used to bypass foreign exchange scarcity. All those crypto you see are not being bought with Dollars in Nigeria. It's not hard to tell because, our ATM card doesn't work for foreign transactions. People basically earn crypto and trade it for Naira. So if you disable crypto in Nigeria EVERYBODY will be looking for dollar. Good luck with that. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by CountinBlessins(m): 6:15pm On Mar 05 |
EnglishUsa: Well said |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Theunbothered: 6:16pm On Mar 05 |
Tap0lane: Last time it was abokifx now it's binance, after floating the naira to "let the market decide" "the government is now attacking markets like the floating never happened. If they like let them block the whole internet as long as more people want to leave there will always be demand for foriegn currency over the naira. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Willokafor(m): 6:21pm On Mar 05 |
FuckYeyeMods:You are talking rubbish, this government don't know what they are doing, the are diverting attention from the main problem which are ; 1.cutting down the cost of governance. 2. bold enough to eradicating ridiculous purchase of immaterial vehicle by the house of assembly using tax payers money. 3.overcome the country's challenges in security by arresting all the political actors involved. 4.EXECUTE kidnappers at a spot if culpable in the crime. 5 fixed power by investing 40% and 20% in education of the money saved from cutting cost of running government. See if all the politicians are not paid for 10 years they will survive with the money they had looted. Bro you need to wake up and stop supporting all this good for nothing politicians that are impoverishing the poor through looting and re-looting of public fund. 4 Likes |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by ppogba: 6:28pm On Mar 05 |
Even those that heard about Binance for the first time last week have an opinion. 2 Likes |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Truths9ja: 6:28pm On Mar 05 |
Either Binance stop naira services or not, crypto currency’s will continue to swear higher than ever before . Naira will continue to depreciate against the dollar in the parallel market |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by millionboi2: 6:30pm On Mar 05 |
lazkizz:mumu.... that's y ur leaders don't take you ppl serious. 1 Like |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by millionboi2: 6:32pm On Mar 05 |
Olarewaju89:but this is not one of them at all |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by jaykay68(m): 6:33pm On Mar 05 |
xpressionx:pls don't draw the government attention to those other apps pls |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by pocom16: 6:39pm On Mar 05 |
We won't miss them.. Switched to Bybit |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by millionboi2: 6:40pm On Mar 05 |
Tap0lane:mumu..... you are a dummy, didn't you hear that about $300m was given to banks to sell to bdc,that brought relief in dollars skyrocketing and not binnance,in your dream with the thieves you have as leaders dollar will trade below #1k again?u are joking. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by millionboi2: 6:42pm On Mar 05 |
richeeyo:you are a big fool to think innocent binnance and not your corrupt leaders is responsible for the rise in dollar....I wouldn't follow you to be that foolish |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by PepeXKermit: 6:43pm On Mar 05 |
Use kucoin. P2P is not a crime, it should not be illegal under any jurisdiction except you say crypto is, which according to nigeria that ban was lifted by Tinubu when he came in. How can you lift ban but still go ahead to say binance is the problem? Does not make sense. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by pocom16: 6:44pm On Mar 05 |
Willokafor: All this one you type will not do shit to the economy.. Even if all politicians stop collecting salary...the economy will continue to nosedive.. Fix electricity and all the problems attached. Reduce your imports by half (this can be done by banning petroleum products import meaning they need to bring back our refineries) Increase oil production to atleast 3million B/d to sustain local refineries and maintain export rates.. State government should donates 30% to massive agriculture. Bring back ajaokuta |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by millionboi2: 6:46pm On Mar 05 |
Tap0lane:that why I said you are a big fool,so why haven't you used it on your corrupt politicians....dummy. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by Willokafor(m): 7:04pm On Mar 05 |
pocom16:stop showing yourself didn't you see fix power in my submission or are you reading with with leg. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by dappydozzy(m): 7:29pm On Mar 05 |
FuckYeyeMods: The government cannot force Binance to close Nigerians accounts, Binance is not a Nigerian Bank, and they are not bound by any law in Nigeria. They owe obligations to their clients. Binance also has a strong legal team, they have won cases in the past. 1 Like |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by danowena: 7:34pm On Mar 05 |
richeeyo: It is ridiculous how most think. |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by waveman2: 7:43pm On Mar 05 |
Binance and BDC no longer determine the rates with the recent policy guidelines.CBN determines the rate.They should come and explain how dollar is still opening at 1400 and closing at 1600.The are the ones selling now at that rate |
Re: Binance to stop Naira Services Amid Crackdown On Crypto Exchanges by pocom16: 7:54pm On Mar 05 |
Willokafor: You are probably thinking with your hands as well...you are emphasizing on government reducing their own expenditure overall..and that's not the solution |
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