NiRfreak:
When you have wicked illiterate goats as leaders, why won't they frustrate citizens from making money through innovative legitimate means they don't understand....Meanwhile they steal our money everyday through illegal means..Awon oloshi.
.
The richest man in the world is investing and trading crypto currency. ...recently Elon Musk promoted Dogecoin by tweeting it on his page and people from all over the world made money from the uptrend of the coin that was generated through that sentimental analysis...I did too. Cos I sold my money stored in USDT to buy Dogecoin...in less than 24 hours...I made 50% of my money and cash out again by selling the Doge to buy USDT.
.
Most institutional investors in Europe and America, I'm talking of banks and corporate investor brokers are embracing crypto investment and moving their portfolios to buy and trade cryto.....even rich men in America and Europe, China are moving their investment stored in gold into cryptocurremcy..
It shall not be well with this government that is determined to plunge everyone into poverty...work no dey, business failing everyday cos government is not supportive....if you know what's up, govt directly or indirectly has hands in the collapse of MBaforex...and now they are frustrating crypto trading.
You see, if person no one do Yahoo cos u view it to be immoral, and u are also being frustrated from doing normal buying and selling of digital currency on the internet market...then maybe it's better for one to kuku resort to fraud or yahooyahoo... Useless government.!!!!!!!

Chief how do you stay updates on latest crypto trends and the best time to buy and make money? I kick myself everytime i miss these opportunities

SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

You are just an ignorant clown!

NiRfreak:
When you have wicked illiterate goats as leaders, why won't they frustrate citizens from making money through innovative legitimate means they don't understand....Meanwhile they steal our money everyday through illegal means..Awon oloshi.
.
The richest man in the world is investing and trading crypto currency. ...recently Elon Musk promoted Dogecoin by tweeting it on his page and people from all over the world made money from the uptrend of the coin that was generated through that sentimental analysis...I did too. Cos I sold my money stored in USDT to buy Dogecoin...in less than 24 hours...I made 50% of my money and cash out again by selling the Doge to buy USDT.
.
Most institutional investors in Europe and America, I'm talking of banks and corporate investor brokers are embracing crypto investment and moving their portfolios to buy and trade cryto.....even rich men in America and Europe, China are moving their investment stored in gold into cryptocurremcy..
It shall not be well with this government that is determined to plunge everyone into poverty...work no dey, business failing everyday cos government is not supportive....if you know what's up, govt directly or indirectly has hands in the collapse of MBaforex...and now they are frustrating crypto trading.
You see, if person no one do Yahoo cos u view it to be immoral, and u are also being frustrated from doing normal buying and selling of digital currency on the internet market...then maybe it's better for one to kuku resort to fraud or yahooyahoo... Useless government.!!!!!!!

Chief how do you stay updated on latest crypto trends and the best time to buy and make money? I kick myself everytime i miss these opportunities

[quote author=Nerro042 post=98771662]

Seems like you know absolutely nothing about crypto man wow. Well no need arguing let me just move on with my awesome life. Have a good one brother

What will be the fate of us that are in possession of cryptocurrencies? Does it mean we wouldn't be able to sell them anymore?
Please let one with useful information enlighten us for urgent action.

Frstem:
Vendors won't make money again.

This is sad news though!!!

Just the opposite will happen. Vendors will make much more money via p2p

Resurgent2016:


Both NIN and this policy are likely measures by this government to check dissent within the country. NIN is to be able to identify people (hence the rush), crypo was used to side-step CBN in funding groups like the feminist coalition.

It just the response of a typical backward government, rather than give the people good governance they will rather squeeze them further to ensure no one can hold them to account.

Nigeria can never make progress with someone like Buhari in power. A very brain-dead somebody

I agree with you bro! I responded to that guy the way I did knowing his antecedents here

SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

When cripto never rampant like this when did your naira have value?

softset:
I sympathize with your situation,it is well.

Its either you are a kid or poverty has dealt so much with you that you no longer have the capacity to think properly.

There is a way and pattern idiots write on this forum, haven't you all noticed ?

You're a cretinous fvcktard! Who is dealing with poverty? You lots voted a man who doesn't know simple economics and you are asking for forgiveness? You're a bastard! Cretin who doesn't know Nigeria's history. Rather than study it, you voted Buhari.

grossintel:
No your Crypto is safe with you, what this means is you can't use exchanges to withdraw back to your Naira. So to sell your crypto you have to go through someone who will buy from you and give you Naira. Not going through Luno or Patricia because they are banned from today. I suggest you get a Crypto card from Binance and you can withdraw directly with an ATM anywhere.

Damm, how can i do that

softset:
I have always said it that this government is run by insane people. How could you just wake up and make such a decision?

I won't blame them, next election, if you like collect 5000 you will get worse treatment.

Look at NIN, some idiot just woke up and made a decision without putting lots of things into consideration, so I arrive Nigeria now with no way to get a phone number. Many government decisions are never thought through.

We deserve better than what we are getting, Nigerians are smart people, we should never settle for less , mediocrity should not be an option when choosing leaders.

I apologize for being part of those that encouraged people to vote for Buhari during the first election, I encouraged over 80 of my employees in Lagos to vote for him, I thought he was the messiah. I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

You were listening to stories from Tinubu and Lai Mohammed who just wanted power by all means. Many of us knew he had nothing much to offer despite knowing that GEJ was not such a wonderful leader but ha had some brilliant guys like Akin Adeshina and Ngozi Okonjo Iweala beside him

Okay

CBN want to shut business account that on Crypto bitcoin exchange in Nigeria. Fair. It only yahoo boys that sell bitcoin to third-party and it reason we have plenty of people in Nigeria turn bitcoin aboki (by app and one-one).

Bitcoin wasn't even design for third party payment. Satoshi made it for P2P - Third party provide escrow for p2p trade. All crypto and bitcoin are supposed to be exchange on DEX. But DEX aren't popular like Centra exchange now and many start up tech companies are working on it and the one that provide solutions maybe new Amazon.

Blockchain-Bitcoin innovation that starts digital industry revolution on internet. No one can shut down bitcoin as long as internet can't be shut down by anyone or govt. They can only block access thru ISP and VPN is the solution. In China people use to used VPN cos govt never allow bitcoin but at last their president supported blockchain. I can't forgot Xi pump day in Crypto market.

Elon and Jack promote Bitcoin with crazy and many individuals and entities in the western world are already working on start up program for apps - defi etc. Later they sell this to Africa and black race will always be a slave. Instead of CBN to provide regulations and Framework for this business account and empower people and company in start up of crypto industry.. CBN is doing otherwise. 
I don japa since cos me and my generation must trade the billions dollars future market.

softset:
I have always said it that this government is run by insane people. How could you just wake up and make such a decision?

I won't blame them, next election, if you like collect 5000 you will get worse treatment.

Look at NIN, some idiot just woke up and made a decision without putting lots of things into consideration, so I arrive Nigeria now with no way to get a phone number. Many government decisions are never thought through.

We deserve better than what we are getting, Nigerians are smart people, we should never settle for less , mediocrity should not be an option when choosing leaders.

I apologize for being part of those that encouraged people to vote for Buhari during the first election, I encouraged over 80 of my employees in Lagos to vote for him, I thought he was the messiah. I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

That's the situation I am now..since I arrived Nigeria I have not been able to purchase sim card

Why the hue and cry?, use forex broker to trade bitcoin, collect your profits in naira.
See everyone wailing, how much bitcoin does an average Nigerian youth have?

opalu:
Akon is building a City solely on Cryptocurrency

Money making does not justify everything in this life. That one Akon is making money off it somewhere doesn't mean it is a reasonable venture.

Inkling:


It will never be well with you the lover of oppressors

stop quoting idiots. Ignore them .

einsteine:


Wrong.

Infact it will drive a lot more transactions to the black market. The CBN is fighting effects rather than causes. The major cause has simply been the lack of confidence in the long term value of the Naira. If they like keep giving moronic orders, people would still rather hold dollars and crypto than Naira.

Wrong?
In the SR, eg as an importer who needs btc to buy from India between now and thursday, what will you do? You'll be forced to go through official channel pending when alternative can be device to beat this policy.
Mind you I said in the short run.

BetBuilder365:
Nothing entices me about nigeria, failed country, backward nation. Nigeria no go better, let's stop fooling ourselves. When many many countries are opening up to crypto, considering the times, these backward idiots just woke up and make a negative decision that will not only harm the economy but just will not move any thing in the right direction. govt na business, they want to protect their looting.

bro u 've said it all

vikacydevato:
Imastex, see another regulation...

I will call it a wicked policy to hold the people hostage financially.

StRichard:
That's what you get when cows are the ones leading you.

Illiterate cows not even responsible ones

SilverNorGold:


Exactly, my brother.

How please enlighten me

thebosstrevor1:


Crypto is an Avenue for scam, money laundering and also sponsoring of terrorism.

All crypto are speculation assets, it adds nothing to the economy. Also it is highly volatile.

Crypto network fees especially bitcoin are very high when sending them from one wallet to another.

Can crypto weaken the naira? I doubt, it is a digital asset..nothing more than that, cryptos are backed by currencies, without the naira or dollar, their will be no demand

.


While six of the 10 banks in USA have moved substantial of their assets to Cryptos, IMF and Worldbank are exploring digital currencies options, China has gone further, Rothschild and other billionaires are seeing but you and your primitive president are still lost in stone Age....

Useless rulers.

We will start using P2P to buy Crypto then.


I've been buying BTC from www.localbitcoins.com since 2016. Escrow keeps your money secure.

.

Everything about you has sadistic tendency, You are even one of supporters of this government, which makes a lot of sense about your personality. But mind you crypto currency is above one person wishful thinking. It has come to stay

thebosstrevor1:


I have nothing against crypto, i love reality

MrSamsung:


You leave the master and blame the servant. Are you ok

All of them

Geopex:



Can't u withdraw now . Me just withdraw 150k from luno now now oo.

hello bro, I try to withdraw my money on luno to my local account but I was told to upload an identity proof which I did but I was denied that using my nimc paper, pls what can I do?

lalasticlala:
CBN Shuts Down Cryptocurrency Exchange Bank Accounts

"February 5, 2021

LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS

The Central of Bank of Nigeria's (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs) and members of the pubic so the risk associated with transactions In crypto currency refers.

Father to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in crypto curencies or facilitating payments for cryptocurrency exchanges is prohibited. Accordingly, all DMBs.

NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating crypto currency exchanges within tier systemsand ensure that such accounts are closed immediately. Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect."

Osaretin Victor Asemota @asemota shared it on Twitter and wrote:



https://twitter.com/asemota/status/1357647685801676802

A Twitter user, Futurist @nathaniel_luz, reacted:


https://twitter.com/nathaniel_luz/status/1357648314016096256?s=19

Who is the CBN governor?

Nerro042:


Seems like you know absolutely nothing about crypto man wow. About thirty to forty minutes ago i sold 57k worth of bitcoin to my guy Jack who is a vendor the rate was 477 per dollar. Now he sent me the money from his bank account to mine via a simple transfer. Now cbn can't stop bank transfers or know what the transfer was for that's simply p2p in a nutshell. So long as crypto wallets are still here only God in heaven can stop the trade

You have to send the crypto to jack..

How much did you pay for network fee to send to jack btc wallet?

I cant do the deal you did because of fraud. I need to see the person first and we must do all transaction physically with our phone.

I hate hearing stories that touch.

Keepem:
Physical or imaginary City?

.

You must be an herdsman

Hotice085:
.


While six of the 10 banks in USA have moved substantial of their assets to Cryptos, IMF and Worldbank are exploring digital currencies options, China has gone further, Rothschild and other billionaires are seeing but you and your primitive president are still lost in stone Age....

No bank move any substantial of their asset to crypto, even hudge funds do not do that.

Banks only buy crypto to mope up the market.