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Crypto Exchanges Start Delisting Of Naira From Platforms - Business (2) - Nairaland

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Binance to stop Naira Services Amid Crackdown On Crypto Exchanges / Crypto Exchanges Stop Selling USDT/USDC In Naira / Are You Affected By Flutterwave Delisting Of It's $$ Virtual Card? Talk To Us! (2) (3) (4)

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Re: Crypto Exchanges Start Delisting Of Naira From Platforms by lailo: 11:43am On May 17
Blame the desperados who are playing politics with people's livelihood. Tinubu will not watch on people hellbent on destroying his government to have field days. Just not coincidental that most crypto traders are obidients. Just let me stop here before I chop ban again.

1 Like 1 Share

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by JuanDeDios: 11:44am On May 17
cjudy:
Clown. Do they think it’s easy delisting P2P? These guys have gone far. They have the phone number of their fellow traders. Even without crypto website they trade bitcoin offline. Like the children of this politicians, why won’t they educate their father about the recent technology? You can never tamed anyone in this modern age. VPN and other tools are available for bypass. If the whole crypto company delist Naira, Chinese traders will still be trading with them. You don’t wonder why Chinese buy USA iTunes card and pay in Naira? Make una Dey play
Wait, the Chinese are paying for things in Naira?
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Blitzking: 11:45am On May 17
abc115:
Crypto Exchanges Delisting Of Naira From Platforms



https://leadership.ng/crypto-exchanges-delisting-of-naira-from-platforms/
This govt is out to strangulate the youths on All fronts
This is the only hope for the tech savvy youths who are not born with a silver spoon and who don't want to engage in cybercrime. Made thousands of dollars last bull run.lots of investment still tied down how does one cash out when it's time will just jejely convert to usdt and wait for the right opportunity to get my naira out...this is bad..where were these guys in the bear market?

6 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by samonak(m): 11:45am On May 17
No wonder I tried to dispose my USDT in Binance thru P2P and I didn't see the Naira option

1 Like

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by PARADIZEPRIEST: 11:46am On May 17
CRYPTO IS A MONSTER TO ANY COUNTRY THAT DOESN'T HAVE THE HITECH TO REGULATE THE MENACE THERE. EVEN THE HITECH COUNTRIES LIKE USA AND CHINA CHASED AWAY AND BANNED BINANCE FOR OBVIOUS FEARS OF DESTROYING THEIR ECONONIES WITH FLOW OF ILLICIT FUNDS TO BUY CRYPTOS,DRUG MONIES,SCAMM DEALS,FRAUD RACKETEERS ,THIS DESTROYS ECONOMIESangry
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Tohmey(m): 11:47am On May 17
Lols. . . Decentralised P2P exchange is out already so nothing to worry about

3 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by cjudy(m): 11:49am On May 17
JuanDeDios:

Wait, the Chinese are paying for things in Naira?

Yes. They buy gift cards from Nigeria and pay them in Naira.

5 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by KushLyon(m): 11:50am On May 17
cjudy:
Clown. Do they think it’s easy delisting P2P? These guys have gone far. They have the phone number of their fellow traders. Even without crypto website they trade bitcoin offline. Like the children of this politicians, why won’t they educate their father about the recent technology? You can never tamed anyone in this modern age. VPN and other tools are available for bypass. If the whole crypto company delist Naira, Chinese traders will still be trading with them. You don’t wonder why Chinese buy USA iTunes card and pay in Naira? Make una Dey play

I just look them dey laugh. Even if they manage to remove p2p from all the exchanges, what of telegram? There are groups and channels in telegram that are dedicated to p2p trading. Let's not mention the fact that some people are still using Binance p2p till today, but hiding under other African currencies like Ghana cedis

6 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by samonak(m): 11:51am On May 17
No wonder I tried to dispose my USDT in Binance thru P2P and I didn't see the Naira option.
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by SEGLIZ: 11:52am On May 17
PortHarcourtcit:
Crypto is good, but the GBAJUE'S are using it to dwindle the naira...
you mean the GBAJUE's (SCAMMERs) that floated the niara foolishly?
HellVictorinho6:


Do u correct an error by doing worse?




nonsense
corruption in government is our major problem not the street, those that launder money are in government not the innocent citizens, have you stolen any public fund you can launder? I know the answer won't be the affirmative. government should go after corrupt elements like they are doing the yahooboys.

lailo:
Blame the desperados who are playing politics with people's livelihood. Tinubu will not watch on people hellbent on destroying his government to have field days. Just not coincidental that most crypto traders are obidients. Just let me stop here before I chop ban again.
it is amazing you could still blame Obi and his supporters for naira floatation!? shocked

7 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by HellVictorinho6(m): 11:52am On May 17
Oritna94:
Let's see if this magic will make the naira go back to less than 1k to a dollar. These our leaders are just catching straws instead of working on the fundamentals of our weak naira. We are not producing anything and you expect the naira to do abracadabra. Smh.

Mtchw


Both apc and lp are damn spits
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Seunpapa65: 11:54am On May 17
PARADIZEPRIEST:
CRYPTO IS A MONSTER TO ANY COUNTRY THAT DOESN'T HAVE THE HITECH TO REGULATE THE MENACE THERE. EVEN THE HITECH COUNTRIES LIKE USA AND CHINA CHASED AWAY AND BANNED BINANCE FOR OBVIOUS FEARS OF DESTROYING THEIR ECONONIES WITH FLOW OF ILLICIT FUNDS TO BUY CRYPTOS,DRUG MONIES,SCAMM DEALS,FRAUD RACKETEERS ,THIS DESTROYS ECONOMIESangry
😂😂😂😂
And what makes you think there's no crypto exchanges in US binance and US is a personal matter keep living in stone age

3 Likes 1 Share

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by cjudy(m): 11:54am On May 17
KushLyon:


I just look them dey laugh. Even if they manage to remove p2p from all the exchanges, what of telegram? There are groups and channels in telegram that are dedicated to p2p trading. Let's not mention the fact that some people are still using Binance p2p till today, but hiding under other African currencies like Ghana cedis
Yea of course. I went to the shop and bought Canadian iTunes card to redeem. Unfortunately my iCloud is registered in USA. I took the card back to the store and they refuse refund. I abandoned it and surprisedly my junior brother told me he got a contact in Nigeria who will trade it for us for money. We made contact and it was a Chinese in China. To cut story short, he bought the card from us and pay to our Nigeria account. Man the Chinese man paid to my Nigeria account. The screenshot he sent to me shows he even got a Nigeria bank account. Omo then I know nothings is going to stop p2p

7 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by JuanDeDios: 11:54am On May 17
cjudy:


Yes. They buy gift cards from Nigeria and pay them in Naira.
Interesting. Maybe Caddy B and co should explore this new angle and see if Indonesians, Indians and Thais will key into it and we'll have more people using the naira.

4 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by HellVictorinho6(m): 11:55am On May 17
SEGLIZ:
you mean the GBAJUE's (SCAMMERs) that floated the niara foolishly?

Do u correct an error by doing worse?




nonsense
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by omoadeleye(m): 11:55am On May 17
dapsoneh:
Naira may hit 2500naira/dollar by next week
No production, no exportation
How do u want to strenghten your currency when all u do is borrow without significant exportation?

Who are these people saying shits they have no knowledge about

2 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by correctguy101(m): 11:57am On May 17
iLegendd:
Too many options.

As in eh...

Those who know road will still walk around this...

Crookedness is the way of the wise... gringrin

5 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by fatboyslym007: 11:59am On May 17
It should be noted that one of the first actions of the government was to lift the crypto restrictions and allow for a verified KYC transaction and taxation...

After that the crazy speculations on these platforms went haywire...

So Nigeria has a load of bulls that drip shit, I believe they know something we don't fully understand and had to reverse their actions.

I would not be surprised if the government after sanitizing would highly regulate the crypto space...

1 Like

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Honestey: 12:04pm On May 17
Owo wo gbo for some people
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Orch1981: 12:07pm On May 17
koms:
The truth is we have a long way to go and I'm not seeing any light at the end of the tunnel.

Except we have strong institutions that can combat corruption without any interference from politician we will keep moving one step forward several steps backward.
Next election them go still vote for am

2 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Mrexcell(m): 12:09pm On May 17
dapsoneh:
Naira may hit 2500naira/dollar by next week
No production, no exportation
How do u want to strenghten your currency when all u do is borrow without significant exportation?


Don't mind them there was p2p crypto transactions during the administrations of obj, yaradua and gej yet the naira wasn't devalued like we are seeing right now.

3 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Mrexcell(m): 12:11pm On May 17
jericco1:
Make I go trade the last one

This government should know that this is just a mere distraction


Which exchange are you using?
Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Iamthoney(m): 12:14pm On May 17
phemray:
Good development if it works, but the problem is that the unpatriotic nigerians benefitting from crypto manipulation will moved again to create another way. They never love or care about nigeria currency but Thier own personal gains is more important.
Are you just realizing that we live in a dog eat dog world?

2 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Taich(m): 12:19pm On May 17
ATEAMS:
If you are not willing to risk the usual, you will have to settle for the ordinary.

Also



You may never know what results come of your actions. but if you do nothing, there will be no results.

Words with deep meaning for those that dares, is well with your soul.

1 Like

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by BannedUser: 12:22pm On May 17
PARADIZEPRIEST:
CRYPTO IS A MONSTER TO ANY COUNTRY THAT DOESN'T HAVE THE HITECH TO REGULATE THE MENACE THERE. EVEN THE HITECH COUNTRIES LIKE USA AND CHINA CHASED AWAY AND BANNED BINANCE FOR OBVIOUS FEARS OF DESTROYING THEIR ECONONIES WITH FLOW OF ILLICIT FUNDS TO BUY CRYPTOS,DRUG MONIES,SCAMM DEALS,FRAUD RACKETEERS ,THIS DESTROYS ECONOMIESangry
Has anybody told you that writing in block letters on social media is the written equivalent of shouting, which irritating and rude. The problem is not Binance. Simply allowing banks and fintechs to provide services to all crypto exchanges will prevent all this drama. This is what all other countries that have some form of crypto regulation are doing. Crypto regulation does not require advanced technology. Banning interaction with banks encourages P2P trading which fosters fraud, crime and money laundering.

3 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by vibemad007: 12:27pm On May 17
Trial by error govt

1 Like

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by PARADIZEPRIEST: 12:31pm On May 17
BannedUser:

Has anybody told you that writing in block letters on social media is the written equivalent of shouting, which irritating and rude. The problem is not Binance. Simply allowing banks and fintechs to provide services to all crypto exchanges will prevent all this drama. Crypto regulation does not require advanced technology. Banning interaction with banks allows fraud, crime and money laundering to run rampant.
WITH BANKS YOU CAN CURTAIL THEIR EVIL,WHICH IS LESSER EVIL USING THEIR RECORDS. WITH CRYPTO IT HAS GONE VIRAL AS A DANGEROUS VIRTUAL VIRUS YOU CAN NEVER TAME B4 IT DESTROYS YOUR ECONOMY.THAT IS WHY BINANCE HEAD IN NIGERIA REFUSED ACCESS TO THEIR REVORDS. THE USA AND CHINA KNOW THIS BETTER THAN YOU MINIONS THAT ARE ALWAYS RANTING HERE angry

2 Likes 1 Share

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by HellVictorinho6(m): 12:32pm On May 17
SEGLIZ:
you mean the GBAJUE's (SCAMMERs) that floated the niara foolishly? corruption in government is our major problem not the street, those that launder money are in government not the innocent citizens, have you stolen any public fund you can launder? I know the answer will be on the affirmative. government should go after corrupt elements like they are doing the yahooboys.

it is amazing you could still blame Obi and his supporters for naira floatation!? shocked

Since u know govt wont listen 2 u, then form a better opposition 4 the economy

obi is buhari of 2015

1 Like

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Cryptokin(m): 12:39pm On May 17
cjudy:
Clown. Do they think it’s easy delisting P2P? These guys have gone far. They have the phone number of their fellow traders. Even without crypto website they trade bitcoin offline. Like the children of this politicians, why won’t they educate their father about the recent technology? You can never tamed anyone in this modern age. VPN and other tools are available for bypass. If the whole crypto company delist Naira, Chinese traders will still be trading with them. You don’t wonder why Chinese buy USA iTunes card and pay in Naira? Make una Dey play
The only problem is that the absence of an exchange acting as escrow can make more crypto traders susceptible to fraud

6 Likes

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by keymatt(m): 12:46pm On May 17
When you have a wicked regime, expect wicked policies. grin grin grin

1 Like

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by Tristical: 12:48pm On May 17
What is wrong with us in this country do we have brains at all
No wonder politicians take us for a ride and feel we can't do anything
Imagining the youths supporting the govt for their show of shame
I'm just speechless
Let's really analyze the naira issue:
First, no country in the world freely floats it's national currency without regulation except Nigeria

Most countries adopt what is called a managed float process which means the currency is floating but defended by the government.

But our case is different we floated without defence.
Now we are blaming everyone under the sun for the naira collapse.

Where is the fuel & electricity subsidy money that is supposed to be used for naira defence
Where is the $3.3 billion NNPC oil for cash deal money?

All of our naira crisis could have been solved if the banks enabled their cards but they can't because majority of the FX has been stolen or is being used to pay debts.

I hope you guys heard they've secured another $500 million loan to meter Nigerians
If you still think crypto traders are the one undermining the economy you have a mental problem.

5 Likes 1 Share

Re: Crypto Exchanges Start Delisting Of Naira From Platforms by BannedUser: 12:51pm On May 17
PARADIZEPRIEST:
WITH BANKS YOU CAN CURTAIL THEIR EVIL,WHICH IS LESSER EVIL USING THEIR RECORDS. WITH CRYPTO IT HAS GONE VIRAL AS A DANGEROUS VIRTUAL VIRUS YOU CAN NEVER TAME B4 IT DESTROYS YOUR ECONOMY.THAT IS WHY BINANCE HEAD IN NIGERIA REFUSED ACCESS TO THEIR REVORDS. THE USA AND CHINA KNOW THIS BETTER THAN YOU MINIONS THAT ARE ALWAYS RANTING HERE angry

You are the one ranting and shouting. Why is it only Binance you like to mention. USA citizens trade crypto freely with Coinbase, Kraken, Robinhood, etc. Chinese citizens also trade crypto via Hong Kong. You cannot stop crypto trading, and that is a fact. You are just shouting without making any meaningful contribution.

5 Likes

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