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Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessForex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times (20923 Views)

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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by SalamRushdie: 8:49am On Feb 21, 2024
Haaland21:
Totally in support of this.
How do you think this can be implemented?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Bliztzer: 8:49am On Feb 21, 2024
fergie001:
SOURCE
Awon were!

Na binance or crypto cause this nonsense?
Very clueless govt
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by SocialJustice: 8:50am On Feb 21, 2024
Country when no dey produce anything dey blame Binance. Na wa.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by OyinO: 8:50am On Feb 21, 2024
All these nonsense na wash. Leaving the branch of a tree to go and hold the leaf is something only a foolish monkey like the present leaders will do. And there will surely be a falling down.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Prigidypogodo(f): 8:51am On Feb 21, 2024
Hahahahahaha
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Angelfrost(m): 8:51am On Feb 21, 2024
Cosmetic approaches...!

These people are still chasing shadows. cheesy

The biggest culprits in this forex crisis are the same people claiming to be looking for solutions.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by OfficialP: 8:52am On Feb 21, 2024
What's the rate this morning on other sites, except binance?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Kenneth4u205(m): 8:53am On Feb 21, 2024
There is binance in Ghana,south Africa,Kenya and yet their currency is strong. Tackle your foolish policies and leave binance alone
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Lifemanage: 8:53am On Feb 21, 2024
Just like they blocked twitter, binance can also be blocked from speculative activities so that criminal speculative activities can stop. On binance, rate is now 1900....so the target for this week is 1$ to 2000..... This is no longer speculation but a war to destroy the country and Tinubu and his team are not prepared for this.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by toujurs: 8:53am On Feb 21, 2024
Very nice. Good job.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by AuwalYusuf812(m): 8:54am On Feb 21, 2024
Nxt
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by VeeVeeMyLuv(f): 8:55am On Feb 21, 2024
What about BDC?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by tuoyoojo(m): 8:55am On Feb 21, 2024
Mtchwww

These are knee jerk responses that would not have a lasting impact

Wait o

It's really true o

These guess have no clue on how to run the economy o

Hian!!!

We Don enter o
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by nurric(m): 8:55am On Feb 21, 2024
Bunch of failures
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Flier: 8:55am On Feb 21, 2024
Nbote:
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
Its very obvious they don’t know what they are doing,this problem can easily be solved within 2 minutes,Emefiele is bad but we have to go back to his policy of pegging dollar for importation and price will drop immediately.
That is the only solution,I expect Nigeria to become Venezuela in the next 6 months if dollar is not pegged
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by AmuDimpka: 8:57am On Feb 21, 2024
Very funny guys and clowning around ....chasing shadow


Thank lord Igbo hand no dey
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by azpekuliar: 8:57am On Feb 21, 2024
CelestineNelson:
Let the Crypto world hear me...your illusionary investment is about to be touched ...
Dey play
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Treasure17(m): 8:58am On Feb 21, 2024
It's obvious Tinubu and his cronies are daft.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Procashtips(m): 8:58am On Feb 21, 2024
kiddkash:
Floating the currency when we don't have a big economy.

He can't go back now, because he would be mocked
He has gone back to paying subsidy already.

Infact x3
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by VeeVeeMyLuv(f): 8:58am On Feb 21, 2024
SalamRushdie:
How do you think this can be implemented?
Reach an agreement with Binance CEO to Completely disable Naira on binance! Remove any crypto or currency pair carrying NGN symbol such as USDT/NGN, USD/NGN, BTC/NGN and so on....


But the real question is what plans do they have for BDCs in places like W Zone 4?

What's good for the goose is also good for the gander
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by wirinet(m): 8:58am On Feb 21, 2024
Nbote:
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
Imagine, Kenya is using Binance, Zimbabwe is using binance, even next door Benin Republic is using binance. Its only in Nigeria that Binance is causing problem.
That's what you get when you elect geriatric old men in government, instead of taking advance of the digital economy, all they know is ban this and ban that. They will ban social media soon.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by tunji2003(m): 8:59am On Feb 21, 2024
Lifemanage:
Just like they blocked twitter, binance can also be blocked from speculative activities so that criminal speculative activities can stop. On binance, rate is now 1900....so the target for this week is 1$ to 2000..... This is no longer speculation but a war to destroy the country and Tinubu and his team are not prepared for this.
All this trial and error won't blocking Binance isn't the solution guys would utilize VPN sharp sharp to access Binance or other loop holes
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by lordprogress: 9:00am On Feb 21, 2024
Zxcvbnmghtr:
But you haven't told us what the solution is, you have only been making noise. Empty vessel makes the loudest of noise. grin
Is he the one to provide solution for you, did you elect him in office, misplaced priorities keep licking bubu Chicago's ass, this is just the beginning.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Goldbw122(m): 9:01am On Feb 21, 2024
When the government does not understand anything that is been done that is how they behave when they don't understand anything.

The concept of money..
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by BadMaster: 9:01am On Feb 21, 2024
The worst government we have had in this country. The most useless of all time.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by VeeVeeMyLuv(f): 9:02am On Feb 21, 2024
tunji2003:
All this trial and error won't blocking Binance isn't the solution guys would utilize VPN sharp sharp to access Binance or other loop holes
If the owner of Binance remove NGN symbol from their app, it is game over.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Lifestone(m): 9:03am On Feb 21, 2024
kiddkash:
Floating the currency when we don't have a big economy.

He can't go back now, because he would be mocked
So he should leave the gap between official rate and the black market? I sincerely wants to hear your approach, because I'm with the government on this
Educate me please
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by valentineuwakwe(m): 9:03am On Feb 21, 2024
Confused government.......is it not this same government some months ago gave the go ahead for cryptocurrency operations in the country?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Lifestone(m): 9:04am On Feb 21, 2024
valentineuwakwe:
Confused government.......is it not this same government some months ago gave the go ahead for cryptocurrency operations in the country?
Bro this is a very good decision
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by VaginaAcademic: 9:06am On Feb 21, 2024
Very soon they will say is palmpay and opay grin
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by aywagze(m): 9:06am On Feb 21, 2024
The problem is fix insecurity and electricity supply to boost production ..naira will go up ..this is common sense ..🤔
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Geovanni412(m): 9:06am On Feb 21, 2024
Nbote:
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
You mind them

They forget that they banned crypto for months under Buhari

And nothing changed

How do they intend to block binance when it has no office address?

The best they can do is to tell Binance to discontinue business with Nigerians and even at that, we go still find way run am via back door.
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