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Binance Drops Naira From P2P Portal - Business (2) - Nairaland

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Re: Binance Drops Naira From P2P Portal by Inspirer1: 6:35pm On Feb 28
Let the whole thing be fairly looked into such that people don't loose funds and it doesn't affect the Naira

1 Like

Re: Binance Drops Naira From P2P Portal by engrsyer(m): 6:35pm On Feb 28
It's none of my biz
Re: Binance Drops Naira From P2P Portal by MGDIMA4: 6:35pm On Feb 28
Weldon FG

2 Likes

Re: Binance Drops Naira From P2P Portal by Faiththatworks(m): 6:35pm On Feb 28
Hmmmmmmmmmm.................
I wept Terribly this afternoon,I almost went mad when I couldn't buy usdt this afternoon,I had to call some of my friends because I thought I was banned by binance.
Asiwaju should instruct those in charge to stop this policy and allow binance continue with their crypto trading.
I tried to receive money from An African country yesterday,this is a true story,it was a sad tale,it seems Nigeria is being cut off from the world.
Even the remittance companies are refusing to release money once they see it's being sent to Nigeria.
I'm for regulating the activities of Binance in Nigeria,but to totally stop Nigerians from buying crypto currency is a throwback to the medieval days,I appeal to Asiwaju to please open negotiations with crypto exchanges operating in Nigeria.
I believe the Minister of Digital Economy,the Minister of Finance and if possible the EFCC and NSA should sit down and deliberate on how to sanitize and regulate all crypto exchanges in Nigeria.
Sincerely it's a terrible move by the government,binance is a top notch exchange that only allows purchase after a thorough KYC,if there's any money laundering on the platform, Government can easily pick out the individual and ask for his KYC.
I appeal again to the government not to throw away the baby and the bath water.
Binance has also started some self correction,its dollar to naira price on some crypto tokens are same with the government rate,I appeal to Government to please allow us start trading.
There are some of us who were very sure the kind of manipulation going on in binance will eventually lead to his closure,but I believe Government should tamper Justice with mercy and give it a second chance.
God bless Nigeria.

15 Likes 2 Shares

Re: Binance Drops Naira From P2P Portal by Kobicove(m): 6:35pm On Feb 28
Sunisonflex39:
Omo..e be like naira will be 1200 in two days

I hope price of food items in the market will also crash cos a lot of people are struggling to feed sad

15 Likes

Re: Binance Drops Naira From P2P Portal by Omoawoke: 6:36pm On Feb 28
Very good

4 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by Mrbenny001: 6:36pm On Feb 28
This politicians want to destroy legit source of income for Nigeria in attempt to save their drowning and incompetent political carriers

15 Likes

Re: Binance Drops Naira From P2P Portal by Ustec: 6:36pm On Feb 28
wink
Re: Binance Drops Naira From P2P Portal by civilserva: 6:36pm On Feb 28
Na wa o
Re: Binance Drops Naira From P2P Portal by idanone(m): 6:36pm On Feb 28
Re: Binance Drops Naira From P2P Portal by Feldie: 6:36pm On Feb 28
Hehe what is balablu doing? People who made binance the arbiter of exchange rate will suffer heart attack.

5 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by eepeepook: 6:36pm On Feb 28
What is Binance and why should I care? I remember Whitemoney’s Binance advertisement. The thing no even make sense for my mind.

4 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by Walkingdead755: 6:37pm On Feb 28
Just dump and make your profit

1 Like

Re: Binance Drops Naira From P2P Portal by optimusprime2(m): 6:37pm On Feb 28
E go bad for contri asweeah...
Re: Binance Drops Naira From P2P Portal by Parydelegate: 6:37pm On Feb 28
Its gone
Re: Binance Drops Naira From P2P Portal by Babalegba(m): 6:38pm On Feb 28
I hope that the unpatriotic speculators lost all their money

13 Likes

Re: Binance Drops Naira From P2P Portal by NaijaCover(m): 6:38pm On Feb 28
No Be Small Thing ooooo
Re: Binance Drops Naira From P2P Portal by Walkingdead755: 6:38pm On Feb 28
Babalegba:
I hope that the unpatriotic speculators lost all their money
You wish 😂😂

1 Like 1 Share

Re: Binance Drops Naira From P2P Portal by Feldie: 6:38pm On Feb 28
Mrbenny001:
This politicians want to destroy legit source of income for Nigeria in attempt to save their drowning and incompetent political carriers
Binance is not a legit source of income. Any profit you make from crypto trading is tantamount to printing money as you didn't bring anything of value to the society. Govt cannot ban it though. Politicians earn money without doing anything of value so why can't the average citizen?

22 Likes 2 Shares

Re: Binance Drops Naira From P2P Portal by Skillsnigeria: 6:39pm On Feb 28
Noted
Re: Binance Drops Naira From P2P Portal by writetopoker: 6:39pm On Feb 28
Tinubu government should have dropped and completely banned street hucking of naira in the name of black market/bureau de change.

3 Likes

Re: Binance Drops Naira From P2P Portal by captainbangz: 6:40pm On Feb 28
Omo, thank God I sold earlier today

2 Likes

Re: Binance Drops Naira From P2P Portal by lrman(m): 6:41pm On Feb 28
captainbangz:
Omo, thank God I sold earlier today

At binance ??
Re: Binance Drops Naira From P2P Portal by Sccarrr: 6:41pm On Feb 28
omron:
Chai. I am going to relocate to another country. I will leave nigeria for Una. TINUBU Tinubu GOD PASS YOU THIS IS WHAT SOME UNEMPLOYED NIGERIAN YOUTHS DO TO SURVIVE NOW U BANNED IT WE WIL PRAY TO ALMIGHTY GOD TO FIGHT OUR CAUSE. REMEMBER WHAT HAPPENED TO ABACHA GOD FOUGHT FOR US
let's hear word

3 Likes

Re: Binance Drops Naira From P2P Portal by captainbangz: 6:41pm On Feb 28
lrman:

At binance ??
Yes sir
Re: Binance Drops Naira From P2P Portal by Calylove: 6:42pm On Feb 28
Be patient. It will be back. Guess talks are on on how to regulate it on Binance.
sonofthunder:



So what does this signify and what are the alternatives for Nigerians that already have crypto currencies?

2 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by 9jatriot(m): 6:42pm On Feb 28
Hope the lamba king is learning how to be a purposeful leader. It is not by shouting "if you add the number of cows in China and divide it by the number of goats in Japan, then you will have consumption to production"

Even as a husband and a father, you get to make very difficult decisions that people in the home may not understand or agree with at that time but when the rewards show up, they may even be the ones that enjoy the rewards the most.

That is leadership. You identify the threats and start dealing with them. You can accuse the CBN of trial and error or whatever but what you cannot accuse them of is sitting back and letting things deteriorate.


However, those with financial knowledge agree that CBN is taking a series of decisions that compliment each other, it iis only when you look at them in isolation that it looks like it they do not know what they are doing.

CBN says 26B passed through Binance in the last one year and somehow did not enter the banking system, the CBN cannot seat back and accept defeat. I am proud of them

28 Likes 6 Shares

Re: Binance Drops Naira From P2P Portal by Sccarrr: 6:43pm On Feb 28
SensualMan:
OK... Some have food...
Some can eat but have no food...
some dey sell and shoot their children cos of food

7 Likes

Re: Binance Drops Naira From P2P Portal by HazardAwka(m): 6:43pm On Feb 28
I sold mine on bybit, 750 usdt for chicken change embarassed

5 Likes

Re: Binance Drops Naira From P2P Portal by ask4bk(m): 6:43pm On Feb 28
This one hit me badly sha.

We shall still survive. Very sad
Re: Binance Drops Naira From P2P Portal by gabicon: 6:44pm On Feb 28
nlfpmod:


https://gazettengr.com/binance-disables-p2p-function-amid-clampdown-from-nigerian-authorities/

I can't fully comprehend why some people are complaining, we exchanged $28b value of crypto in 12 calender month,the effects of which are manufacturing companies can't buy raw materials, sick people can't seek treatment, importers are stranded, students can't pay school fees, hyper inflation etc.

8 Likes 2 Shares

Re: Binance Drops Naira From P2P Portal by DenreleDave(m): 6:44pm On Feb 28
grin grin grin grin grin grin
VeryWickedMan:
OP Naira is still there. Search well.
It's just been rebranded to Shege (SHG).

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