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Nairaland Forum / Nairaland / General / Business / Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times (19050 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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Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by bunbam: 10:33am On Feb 21 |
olax02:You're one of the saboteur.. Greedy fool |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by RodgersAkpafu: 10:36am On Feb 21 |
AntiChristian:Silly policies you mean? |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Bullfallo(m): 10:37am On Feb 21 |
It’s very clear this government have lost focus |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by yemmywesey(m): 10:38am On Feb 21 |
This is not the way out for falling naira. Nigeria should join brics, make currency swap deal with China, trade your crude oil in naira, liquidate all customers bank dollars account to naira at a determined cbn rate, proscribe all bureau de change as a terrorist, ban the importation of petroleum products, allow few importation of food stuffs for a period to crash the market prices, block the north from using food commodities to play reverse politicism on the south. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by grandstar(m): 10:40am On Feb 21 |
I didn't bother to read the article. .By going after them, it just displays how incompetent the CBN governor is. He is doing all he can to stabilize the Naira but he is getting nowhere. 3 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Lekan239(m): 10:41am On Feb 21 |
omoredia:wait o. But no different between BDC and Binance na.. . U can buy and sell dollars from BDC, you can also do the same with binance too... so you are supporting them to ban BDC but not supporting them to Ban Binance |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by emperor4love(m): 10:42am On Feb 21 |
adioolayi:until de hold those that are selling currency to bdx na dem there problem go begin solve,transaction going on between bdx and there customer's pass wetin de go on binance but this clueless werey know that de are the one doing all this for there favour,politicians way pack dollar for house the happy on dollar rise but de will keep confusing Nigerians to make it look the are working against nd want solution for such...fear Nigeria politicians and banking sector,after woman fear this people 1 Like |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by emperor4love(m): 10:47am On Feb 21 |
oliverwrites:oga no be binance be the problem,na binance cause Venezuela and Zimbabwe own,or binance no dey de country, omo transaction way de go on bdc pass wetin de happen on binance,seems like you don't understand dis bdc guy nd money way dem de get,ask mompha,some ppl de transact 4million dolls daily with this guy even though he no legit ooh as ppl claim,but him burea businessis registered nd legit,this is just mompha,or do u think that politicians that pack dollar for house no happy as dollar the rise or aboki no go chop again,which other business dem de do...am into crypto yes but no b binance b de cause,ur politicians know wat de are doing,forget all dis bro,niggaz de run una street 3 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by SirLakes: 10:49am On Feb 21 |
If dollar remains a scarce commodity it'll continue to skyrock in value, therefore, make it available in the banks so anyone won't have reason to patronise BDC 1 Like |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by OkoEmm: 10:51am On Feb 21 |
Elliotwaveforec: Well said. Personally I think Government should bring both bdcs and crypto platforms under control. Bdc and crypto platforms should only quote rates approved by the government.the manipulation by these elements is too much. If cbn rate is 1,000. Crypto platforms and bdc should quote a rate with a maximum premium of 5%, in this case 1,050. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Jeyun: 10:51am On Feb 21 |
FourQu:that guy na werey they won commot feeding bottle for him mouth now I tell am sey this thing must reach everybody he sey na lie, sey everything go soon normalise 1 Like |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by emperor4love(m): 10:54am On Feb 21 |
Britishpea:u say blord made his money from buying nd selling crypto...u no serious shaaa,no be every thing I go yan u shaa,I stay fr Anambra for year nd I often go to awka nd I know wat is going on there shaaa,let me giv u hint small, u see btc investment fraud,all dis btc boys u de hear....Benin nd delta de learn work where awka boys de bro, fr btc level, as in dem de suck breast were awka boys dey,na were I go school shaa |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by emperor4love(m): 10:56am On Feb 21 |
Lekan239:how can u ban binance wen u.s no fit,the one dem ban boys use vpn the tear am de go |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Hedonisco: 10:56am On Feb 21 |
oliverwrites: Is USD being traded on Binance, or what exactly is your problem? Is USD the same thing as USDT? |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Menclothing: 11:00am On Feb 21 |
Geovanni412: It become more stable after Buhari banned it tinubu Allowing crypto without planning for it |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Menclothing: 11:04am On Feb 21 |
yemmywesey: The government need to see this if all this is done things will calm down Current Government is facing Economic saboteurs it happens in eventual government so you loose election |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by ufotunang: 11:05am On Feb 21 |
Failures in government always looking for who to blame for their failed economic policies |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by mindtricks: 11:05am On Feb 21 |
CelestineNelson: Wise one, can you please speak in plain terms that ordinary people can understand? How does it work? |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Lifestone(m): 11:09am On Feb 21 |
kiddkash:As at the time Buhari left government ment, official rate was like N436/$1 while p2p was about N830/$1 a gap of about N400. It promotes round tripping. Merging the two rates is the best I'm my own opinion. It's time to now treat other factors that kept dragging Naira down. But he did the first thing to do |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Hedonisco: 11:10am On Feb 21 |
There's not a single thing the Nigerian government can do to 'ban' Binance, other than to block access to the app - same thing it did to twitter. And anyone savvy enough to be a Binance user is savvy enough to install even a free vpn to bypass that restriction. Already, Binance and other crypto exchanges cannot exchange crypto to Naira Fiat in Nigeria, so p2p is the only way. So what exactly can government do to stop p2p trading? Besides, is it only the dollar that is rising unchecked? What of GBP? What of EUR? Is there any stable coin on Binance that is tied to these currencies too, or would you also blame Binance for these as well? Rather than face the source of the forex crisis, these fools are busy chasing shadows. These clueless bastards in the APC who have wrecked Nigeria since 2015 to date need to have their heads checked. 3 Likes |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Lifestone(m): 11:13am On Feb 21 |
tuzle:It's a major contributor, forex trading and crypto dwells on speculations as there are no known foundermental to that business. On daily basis, Nigerians buys huge amounts of dollars from the black market to do trading or convert stolen Naira into dollars and hide it in Crypto. In the alternative, Binance should register as a Nigeria business so that the Dollar being traded reside in Nigeria rather to Dubai or USA. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by mindtricks: 11:17am On Feb 21 |
AntiChristian: Lame. A government that is on its own determined to frustrate itself, doesn't require anybodys help to show their hopelessness. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by N2B2: 11:21am On Feb 21 |
Nbote: Finish them, king! |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Britishpea: 11:27am On Feb 21 |
emperor4love: Who told you blord made his money through btc? Gob back and reread again. But this time open your brain widely |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by oliverwrites: 11:27am On Feb 21 |
Hedonisco:So speculators can't buy USDT with USD and hoard it? Some of you will go about abusing the government but are not that intelligent just all talks. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by oliverwrites: 11:29am On Feb 21 |
emperor4love:How come other countries are complaining of the same thing? Tinubu is useless but call a spade a spade when you see it. Binance is contributing to the issue on ground the same way they were doing in France, Malaysia and other countries where they have been banned. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Britishpea: 11:30am On Feb 21 |
lexy2014: If you want to know them u will need to go back to whatever school u graduated from from to ask your vc. Lazy foo....l. Must you be told that people launder money through all means. Right now Naira is vulnerable and people will make use of dollars funnel being the most valuable(bankable) currency in the world. |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by dikings(m): 11:32am On Feb 21 |
Elliotwaveforec:You know nothing |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by emperor4love(m): 11:37am On Feb 21 |
Britishpea:bt u stated it there,I don't like arguing ppl who com online from wat de read,u frgt most ppl here don meet and transact with most of this una celebrity, I know u say so because of wat u hear online or person tell u nd u forget most niggaz here de do face to face transaction wit those niggaz,mayb u do look down on ppl here but as I don c say u wan expose ur sef by insulting I liv it to u to wat u believe nd said, all is true ooh,he did not made his money from btc na business nd selling of okpa he made it from, so u win,no further argument |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by emperor4love(m): 11:43am On Feb 21 |
Britishpea:de guy made his money from crypto, but I no go tell u de other one whether legit or not legit no b wetin I go yan here but if na were him money com from,na btc |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by lexy2014: 11:43am On Feb 21 |
Britishpea: off point. that is not what I asked you. since you know Nigerians, who are the Nigerians using Binance for money laundering? can you pls give us their names? who are the "so many criminals in Nigeria hiding under some canopies"? what are the policies of government that need to be lauded which the citizens are criticising? what support does the government need from citizens before it can succeed? what support is the government at all levels giving to the citizens for the citizens to succeed? who are those eating from the rot that are sponsoring the critics? who is responsible for creating the rot in the first place? can you explain in the detail this "rot"? |
Re: Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times by Segxydube: 11:44am On Feb 21 |
CelestineNelson: Nothing go do binance... When dem buhari ban am, we still dey trade dey go |
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