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Naira To Be Delisted From Crypto P2P Platforms - Business (3) - Nairaland

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Just In: FG To Delist Naira From P2p Platforms / Naira: Concerns Over Fresh Threat From Crypto Traders / Credit Bureau: How Lomg Does It Take To Be Delisted? (2) (3) (4)

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Re: Naira To Be Delisted From Crypto P2P Platforms by dreamxhaser: 9:48am On May 07
BannedUser:


You must be kidding if you think you can be lazy and make money in crypto. I've made millions in crypto trading but I had to sweat for two years before I started becoming profitable.

You keep on saying it's ponzi the same way people have been calling bitcoin since it was less than $1 in 2009. But today, Blackrock, the world's largest asset manager, with $10 trillion in assets is now offering bitcoin to its clients.

You dey mind those haters?

They want everyone to be like them (living from hand to mouth).

Any small thing they will say, go and work. Which stupid work? Is it thier government jobs or the private that will use you like a slave.

Suffer no dey tire una?

15 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by dreamxhaser: 9:54am On May 07
Silentgroper:
Doesn't change anything ..


Crypto to dollar, dollar to naira..

U sabi

4 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Nice2023(m): 10:03am On May 07
Enugurangers:
Great news..Wealth without enterprise.


U don't know what u saying.

I can make wealth without having a product yes,and that is because we are in a modern age where things have been possible.

I expected federal govt to tap into this wealth of taxing binance and others but they chose to play politics with it.

All this would never change anything but worse off soon.

7 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by Feldie: 10:35am On May 07
anonymous1759:



Nigerians ain’t sincere , we never own up to our responsibilities that our actions sometimes affects the economy.

We’ve some countries whose population and export ain’t much but their currency is strong.
Those island nations for example.

Our constant demand for dollars and speculation and sabotage can’t be over emphasized.
This action might last for sometime but the government needs to put foot on ground more sabotage will spring up .
what exactly do you want people to do? Eat cocoyam and bitter leaf everyday for a whole year? On candle light? Government can't do even the most basic of things, people eventually have to buy generator which are imported. Local rice are more expensive than imported rice, people need to buy fuel for gen and fuel is imported. why exactly do you think the demand for dollar won't be high? If government think the job is too difficult for them let them resign and collapse the whole thing so we can all return to feudal system with warlords or start trading by barter

9 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by stagger: 10:37am On May 07
I do not understand this headline.

Is the govt the owner of the platforms that they now control the listing and delisting?

5 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by antiMuhamad: 10:37am On May 07
Villagesquare:

This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.
.
I tire for una on this forum oo...I don talk am several times. No dey reply people with 20 brain cells. Just wasting time with them....Dem no go understand.

4 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by pacesetting: 10:39am On May 07
Nobody is sincere. It's the rule of law that keeps people from evil. Unfortunately, Nigeria's rule of law is a mess

Remember that there has been crypto trading even before this administration. So, you can't say it's they that are pushing the value of dollar up
anonymous1759:



Nigerians ain’t sincere , we never own up to our responsibilities that our actions sometimes affects the economy.

We’ve some countries whose population and export ain’t much but their currency is strong.
Those island nations for example.

Our constant demand for dollars and speculation and sabotage can’t be over emphasized.
This action might last for sometime but the government needs to put foot on ground more sabotage will spring up .

7 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Barzinime(m): 10:40am On May 07
All this trash you are saying, you think they dont know about it if possible?

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.
Re: Naira To Be Delisted From Crypto P2P Platforms by TheOldGods: 10:41am On May 07
Babalegba:


https://punchng.com/just-in-fg-to-delist-naira-from-p2p-platforms/
Omo, if we the youths don't come out to protest in this country, this bastard's will ruine us

3 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by SolarEngr2(m): 10:41am On May 07
It's concerning to hear about the Federal Government's plan to delist the naira from P2P platforms. While I understand the goal of tackling currency manipulation, this decision could impact individuals who rely on these platforms for convenient and accessible financial transactions. It's important for regulatory authorities to strike a balance between addressing economic challenges and ensuring that citizens have access to diverse financial tools.


https://www.youtube.com/watch?v=94kdMLYyIVg?si=HXP8RtSQc3lEH_p4

5 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Informant101: 10:43am On May 07
rinzaugustine:
Lol these people are chasing rats inside a mosque…no plan , no policy, no direction, no road map on the way foward… just only propaganda aimed at igbos to hoodwink their baby brain followers but thankfully the igbos saw the antics miles ahead and ignored them and now they are looking like idiots in the eyes of Nigerians



In the eyes of Nigerians or in the eyes of igbos??
Re: Naira To Be Delisted From Crypto P2P Platforms by pacesetting: 10:43am On May 07
There's what we call speculative business. Those doing forex and investing in stocks, which product or service do they sell?
Babalegba:
I do find it awkward as well that people are making money without manufacturing products and providing services. It does look like a ponzi scheme and ponzi schemes don't usually end well.

4 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by udemzyudex(m): 10:44am On May 07
kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

You Sabi.

I just dey look FG dey laugh.

5 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Evercurious(f): 10:44am On May 07
anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

Then you must be a joke if you think this changes anything. It's very obvious you re not into crypto, if not you wld know that this means nothing.. People still buy and sell without any going through these platforms. Infact the platform prices are cheaper . So I don't even use them.

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Fiscus105(m): 10:44am On May 07
Villagesquare:

This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.




......is it bad if they are confronting it in all fronts? You want them to focus on imports and exports, while leaving crypto for u guys to deflating the gains they are supposed to be realising in other sectors, through ur useless crypto fraudulent.

1 Like 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by jayce232: 10:45am On May 07
Babalegba:
Bitcoin is the biggest ponzi scheme the world has ever seen. There is no product or service being rendered but huge amount of electricity is consumed to make the Bitcoin.No value whatsoever is added to the human experience
You are senseless & don't even know what u are saying. What product or services does United States dollar render?? Bitcoinn has solved something no other financial institution has been able to solved, that's why it is gaining value.

3 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Fearyourcreator: 10:45am On May 07
Betanaija42moro:
Nigeria is a joke
you are the joke here
Re: Naira To Be Delisted From Crypto P2P Platforms by Madups(m): 10:45am On May 07
anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .
If there is anybody here that is not loyal it is you, for supporting bad policies just because they are made by your kins men/brothers last last we dey inside this mess together.. Hope say dem dey sell fuel N300 For your hometown?

4 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Ijaya123: 10:46am On May 07
Villagesquare:

This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.

Emefailure was defending the the naira with $1.5 billion every month.

That’s why he could peg dollar at that rate. Now that dollar has been floated, it has no fixed rate anymore.

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Evercurious(f): 10:47am On May 07
kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

With this write up, 😂 you re very much into crypto.. these people think they know anything? 😂 I even prefer this one on one p2p. The prices are quite higher for me and that's what I use.. wetin concern me with all these Binance and platforms p2p?.. Nigeria government is just a joke

3 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Faber(m): 10:48am On May 07
LibertyRep:
Omo!
Omoo!
Omoooo!
Re: Naira To Be Delisted From Crypto P2P Platforms by Angelfrost(m): 10:48am On May 07
anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

What about politicians hoarding Dollars to the tune of Millions, including the Head of state??!

6 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Faber(m): 10:48am On May 07
LibertyRep:
Omo!
Omoo!
Omoooo!
hahahahaha...lwkmd
Re: Naira To Be Delisted From Crypto P2P Platforms by Evercurious(f): 10:49am On May 07
Babalegba:
I do find it awkward as well that people are making money without manufacturing products and providing services. It does look like a ponzi scheme and ponzi schemes don't usually end well.

Wetin you no know, pass you. So just keep quiet or ho ask someone to educate you on cryptocurrency.okay?

7 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by israelmao(m): 10:49am On May 07
Rescuing Naira is beyond fighting crypto ,conscious efforts must be made to open up production sectors of Nigerian economy.

4 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by pimplucious: 10:49am On May 07
kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

Your head dey there.

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Elliotwaveforec: 10:50am On May 07
TheOldGods:
Omo, if we the youths don't come out to protest in this country, this bastard's will ruine us
Keep running your mouth and don't play your game low! Government hat can hurt you and your entire family and nothing will happen, you dey call bastards. Ok, continue. Una go learn by force!

Leave monetary policy to the CBN and do your speculating low-key without hurting the Naira; but you want to be the CBN by determining the exchange rate through manipulations

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Evercurious(f): 10:50am On May 07
clearcrystal:
This is a good news.
All those lazy youth that are hell bent on destroying our economy by trading and speculating the exchange rate on P2P platforms are in deep shit already.
Instead of investing in physical asset they prefer to get rich quicker by trading USDT in the comfort of their bedroom at the detriment of our economy.
I keep telling people the rate we see online is not the true exchange rate.
I'm sure they will switch to Telegram but don't be surprised in 2 weeks time the CBN will equally ban Telegram.

😂... You and your government shld get busy with something productive and stop fooling yourselves

4 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by lakefist(m): 10:50am On May 07
Babalegba:


https://punchng.com/just-in-fg-to-delist-naira-from-p2p-platforms/

Welcome development
Re: Naira To Be Delisted From Crypto P2P Platforms by Fearyourcreator: 10:51am On May 07
Villagesquare:

This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.
i do crypto too .... e good as them do ... people are manipulating naira for their .... if you carry your wahala enter telegram, you guys will affect a lot of those doing businesses there ... dont bring that nonsense to telegram... criminal
Re: Naira To Be Delisted From Crypto P2P Platforms by Evercurious(f): 10:51am On May 07
clearcrystal:


It's ponzi, the smart ones are taking advantage of the other and cashing out big time.
Nigerian youth don't want to work, they just want to get rich through the thin air.

Then go try it and come back with your tale of you think crypto is Ponzi.. lazy youths indeed

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by advanceDNA: 10:52am On May 07
anonymous1759:



Nigerians ain’t sincere , we never own up to our responsibilities that our actions sometimes affects the economy.

We’ve some countries whose population and export ain’t much but their currency is strong.
Those island nations for example.

Our constant demand for dollars and speculation and sabotage can’t be over emphasized.
This action might last for sometime but the government needs to put foot on ground more sabotage will spring up .

Ur government is the one sabotaging u ..
Open ur eyes...did crypto just start??.was crypto not around when Buhari was in power

They stopped paying subsidy..
we buy fuel for 1000naira...
they removed subsidy on electricity, schools, health care, increase tax...
They claim they save trillions every month...
posting bogus figures e and announce foreign investment that translate to nothing to the citizens, yet u never ask where did all the money go

They have filled ur head with lies that u don't deserve any part of ur common wealth

...common subsidy that all nations use to give back to their people..they even tell u its not possible.....y'all now fight urself, blaming online people u can't see for the crashed economy......

4 Likes

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