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Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times - Business (4) - Nairaland

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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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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by oliverwrites: 9:33am On Feb 21
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? 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??
Don't just type for the sake of it, analyse things properly. Only thus morning two bureau de change guys quoted me 1780 and 1790 to sell $1,000. On binance, it is currently 1890. Why the 100 naira difference?

Binance knows what they are doing but your hate for the government isn't allowing you see clearly.

2 Likes

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by ufuosman(m): 9:35am On Feb 21
Make will try dis, do like dis na dem dey use dey rule us πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚ no single knowledge abt anything
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by lexy2014: 9:35am On Feb 21
Elliotwaveforec:
Don't plan, just do the needful immediately! Block Binance, Kucoin, and other crypto exchanges now. The manipulation is too much.

why should they block those platforms?

what manipulation are you referring to?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Denewman(m): 9:36am On Feb 21
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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by lexy2014: 9:36am On Feb 21
oliverwrites:
Don't just type for the sake of it, analyse things properly. Only thus morning two bureau de change guys quoted me 1780 and 1790 to sell $1,000. On binance, it is currently 1890. Why the 100 naira difference?

Binance knows what they are doing but your hate for the government isn't allowing you see clearly.

how is that responsible for the forex crisis?

is it Binance that caused the forex crisis?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by EMIOMOADEOYE: 9:37am On Feb 21
I often cringe when I see this kind of reports.

People who are supposedly respected in the society come out to say these things.

Please....tell me...what exactly is happening on the BDC?

Why are Banks selling dollars to the Aboki's? Why?

I mean we see these things on the daily. Bank tellers don't even hide it. If you walk into any GTB branch today and ask the teller for someone to exchange dollars with they will point them to you.....inside the banking hall.

Who are these people even deceiving?

There are fundamental issues facing the economy ....macro issues that have snowballed over time because of exactly this kind of ostrich play.

Before it was abokifx that they blamed. They banned abokifx.....no difference.

They suspended this same Binance from open Nigeria......no difference

Now they want to outrightly ban Binance......there will still be no difference

Why?

Because the real problem.....the BDC's .....is still running amock......and they are all pretending

It's even more irritating when even BDC dey get mouth to point accusing finger to Binance......Imagine impunity

2 Likes

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by looseweight: 9:37am On Feb 21
CelestineNelson:
Let the Crypto world hear me...your illusionary investment is about to be touched ...

For your mind, na only investment dem dey use crypto for. You probably living in ages if you don't know that most freelancers receive their payment in crypto and binance is the king here. I still got paid $70 USDT yesterday.

3 Likes

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by koyeni(m): 9:38am On Feb 21
Clueless leaders.'and i will win'. He enter there now everything scatter.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by VeeVeeMyLuv(m): 9:40am On Feb 21
Lifemanage:

Hmmm...tell us what will work
Move to other apps, except they go after them or ban them as well
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by oliverwrites: 9:43am On Feb 21
lexy2014:


how is that responsible for the forex crisis?

is it Binance that caused the forex crisis?

When people know they can but btc and other binances coins and make more money you think they will go to the official or the parallel markets? Or will bureau de change agents not offer better prices in order not to lose businesses to binance thereby having a domino effect on the naira?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Brushstrokes20: 9:45am On Feb 21
STFU!... # Deliver or QUIT!
ENOUGH OF we WILL....
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by millionboi2: 9:45am On Feb 21
VeeVeeMyLuv:

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
you can still fund in dollar and buy which ever crypto you want.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by bizzibodi(m): 9:45am On Feb 21
Floating d naira means allowing mkt forces to determine d price of d naira...d useless gornment floated d naira & now want to ban d market forces.no b cluelessness be that,let them first remove d log in their eyes...let Baba bullion vans,shetti,all governors paste & present,APC & PDP returned all d looted dollars in their closets.

2 Likes

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Ulogwe1: 9:47am On Feb 21
Raylight2:


As long as the series has an end, e go pass. God dey.

You mean you're ready to watch the 8 episodes. You get light? Or you dey see fuel buy?
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Raylight2(m): 9:48am On Feb 21
Ulogwe1:


You mean you're ready to watch the 8 episodes. You get light? Or you dey see fuel buy?
πŸ˜…πŸ˜…πŸ˜…πŸ˜…πŸ˜…. Neither of the two oooo
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by ChybuzzDD(m): 9:49am On Feb 21
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

Did he join you to vote in the braindead man when you misguided folks were running around to make your inciting mm ticket work?

Even if he has the solution, he shouldn't offer it.

Thief-nubu's and Shettima's failure will serve as a lesson that Nigerian jihadists can't run a good and innovative government.

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Ulogwe1: 9:50am On Feb 21
Raylight2:
πŸ˜…πŸ˜…πŸ˜…πŸ˜…πŸ˜…. Neither of the two oooo


My brother, all men to their tent ooo. The country don kwogede.

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Jbleenk: 9:54am On Feb 21
inoki247:
I sha see say no merchant to for buying since yesterday and the selling rate are the same....

Bros update your app buy order plenty.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by YourKarma: 9:54am On Feb 21
Haaland21:
Totally in support of this.

Of course you'll be in support, you're a poor man nau, anything that'll negatively affect others is what you'll want.
Buhari banned binance last time, banned abokifx but what did it solve?
Absolutely nothing.

This government has shown they're clueless and just doing trial and error

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by KingRoiz(m): 9:58am On Feb 21
This is what happens when we deliberately vote and allow incompetent comedians lead a country. Always making deliberate excuses for their failures and deliberately chasing Shadows that deliberately cause more harm than good both In the short run and long run.

You float the dollar of a dying economy, you continue looting even ever than before, you spend millions of dollars to buy expensive exclusive vehicles overseas, you spend millions of dollars for owambe oversees using dollars and other gross incessant foreign expenses which all topple the dying economy then you turn around and look for useless excuses and lies and act busy.
So you don't understand the crazy deficits of balance or payments you cause? Instead, they're Busy doing nothing but loud with aimless lies to deliberately deceive the people that you are working to correct the dying economy you want to bury.

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by NaMe4: 10:00am On Feb 21
How the likes on Binance take manipulate forex market? Chaiii!
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by ExudeLoveToAll: 10:02am On Feb 21
SalamRushdie:
How will they achieve this ?

The only thing is to prevent the app from not working in Nigeria, people will bypass the system and go ahead with their P2P transactions.

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by FireUpNow(m): 10:02am On Feb 21
The federal government have the solution staring at it's face but they seems to be fighting shadows. Tell the president and his team to unfloat the nairaa and halt fuel subsidy removal, also open borders for importation of rice and other grains. Your economic policies are causing so many problems to the economy Mr president.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by cezarman(m): 10:06am On Feb 21
I'm a freelancer and I get paid through Binance and some other wallets... Same with alot of people who work online.

There should be certain restrictions and not outright ban... If them ban these wallets I'll do my best to add to the numerous bad news we read everyday... On God angry

No joke angry

2 Likes

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by YourKarma: 10:10am On Feb 21
Elliotwaveforec:
Don't plan, just do the needful immediately! Block Binance, Kucoin, and other crypto exchanges now. The manipulation is too much.
Nonsense. What do you know? You're just as deluded and ignorant as your useless leaders

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by inoki247: 10:20am On Feb 21
Jbleenk:


Bros update your app buy order plenty.


Lol is updated na this morning he dey available had to use another platform..
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by jaxxy(m): 10:21am On Feb 21
clowns
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Fryx: 10:23am On Feb 21
If Binance is cooperative. They should work together to prevent trading dollar with ₦ or ₦ with any dollarized crypto in Nigeria. All other crypto should be traded purely in ₦. If they can’t implement that, they should be criminalized and placed on wanted list while banning their platforms.

When we have two different market, they are the one determining the price. We are in soup now because they are still the one determining the official price.
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by olax02(m): 10:29am On Feb 21
tejumorelar:
These our current leaders are failures
if dem like make dem ban the site. We go access am through VPN. grin
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Inspirer1: 10:30am On Feb 21
How can a lecturer say a test is an open test, yet penalising students for using their notes or textbooks.

1 Like

Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by bunbam: 10:31am On Feb 21
Good move by FG, Binance should be ban
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Elliotwaveforec: 10:32am On Feb 21
YourKarma:

Nonsense. What do you know? You're just as deluded and ignorant as your useless leaders
I know more than your stooopid father!

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