When i saw this news I panicked and rushed straight to binance and sold all my asset before it becomes impossible to get my money out. He pain me I sold at cheap rates

Icumsa45:


All of them

Where is all of them in that your post?

Because your naira is already twice dead.
Why not they rather encourage local content usage and enforce it?
Why can't they ensure we move from a consuming state to a manufacturing state and see if this USD will not fall like a pack of cart?

Why are they looking for the living in the land of the dead?

I cry in Swahili, honestly

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.

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.

Thunder fire you there with ur naira
Mumu, crypto has been a money making avenue for a lot of the youths
So u prefer them doing yahoo yahoo

Look at ur stark stupidity

In this worthless government and failing economy

Was it crypto that brought the backwardness of our economy or the same idiots in powers that is dishing out this ban

chimex001:
FAKE NEWS!!!
I just checked CBN website (cbn.gov.NG) and nothing like that was found
Please ignore

Are you sure of what you are saying? You should go and check again.

Unrated900:
Yahoo boys in trouble

Yahoo boys will always find ways to bypass everything and that's what makes them Yahoo boys

capitalzero:


Exactly. Crypto is a threat to CBN, forex, stocks, bonds and other traditional financial institutions.
Criminals like drug barons also use crypto for money laundry.
If crypto overshadows traditional financial institutions, CBN will not able to make effective monetary and financial regulatory policy.
Also, wef with other world financial organisations is planning for great reset of currency. I do not know the detail.

Did it affect their currency? is only here in Nigeria. Crypto can only be a threat to Nigeria currency when it doesn't pass through local banks. Let them think better way to increase the value for Naira, not finding solution where it can only get worst.

Gideons708:

Are you sure of what you are saying? You should go and check again.

how sure are u bro??

SmartPolician:
There's nothing like going back to the Stone age.

Every government wants to control all the financial activities happening its jurisdiction.

The government, through the CBN, is flushing out cryptocurrencies because it is decentralized, so there's no room for third-party interference.

Besides, much of the illegal transactions on the dark web are paid for using cryptos because crypto-asset transactions are untraceable.

False very few crypto are untraceable

thebosstrevor1:


Thank God you know you have a crab brain

.

A true crab brain

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.

from your parochial statement, i can only deduce you are a failure!!

paulolee:
nooo naaa...i thought crypto currency is taking over...as an economist I'll surely analyse short run n long run reasons for this new policy..
I would like to know how positively it would improve d monetary policy of our economy and alos the effect it would have on our already weakened naira currency...

please tag me when you're done. Eager to learn

A lot of Nigerians are ignorant they are not even fit to be called full develop human there behave like barbarian monkey Nigerians have brains of monkey

See them calling bitcoin buyer yahoo's
That means Elon musk the richest youth in the whole world that make electric cars, jet engine aircraft and he his into bitecoin too is a yahoo

Every young successful human in Nigeria is a yahoo by monkey brains

The world hates Nigerians and their monkey brain

Daniwak:
u are d one who don't have sense because if u follow news lately, you'll understand why dat poster said so

Before you come at someone, try to understand why I was furious with the guy! He is a sycophant of the government going by his antecedents here and he stated it in such a way as though he was saying “it serves them right”. Or are you one of the buharist sycophants too?

legacystore:
Crypto currency is an easy way to cash out by criminals esp yahoo boys n needs to be regulated

I'm a web developer and, due to the useless policies of the CBN, it's now very difficult to receive funds from my foreign clientele. Recently, I've been using crypto as a fall-back and with this new useless policy I'll be affected. This is the same for plenty other people. I have friends who pay for goods with bitcoin because it's faster and the charges are negligible.
This useless government enacts policies to frustrate the masses, including U and I

pls ooooo lets stop fighting and focus on finding a solution....

Vistra40:


So because criminals do cryptos so you shut down all accounts that receive crypto’s. If that’s the case then what has the government done in addressing unemployment?i don’t support illegal business but it’s wrong to block the whole thing entirely

I'm not supporting the evil govt. I'm just stating the reasons behind the move.

stano2:
you love suffering... well done

I'm not supporting the evil govt. I'm just stating the reasons behind the move.

Durchmann:
Wow!
Let's watch.
I trust Nigerians.
There would always be another channel to do crypto.

Peer to peer.

I can't breathe........... In this country, I wanna relocate to Ghana..... Can someone here give me a help.please

jaykay68:
Pls does this affect bitcoin too?, l have 2 bit coin.

sell to me

DEWKID check this thread.

Pls is this gonna affect forex too? Or it is only btc and other crypto currency??

Hmmmmm
God forbid .

Stop blaming government.
The order came from foreign entities bent on enslaving Africa

Nigeria's huge crypto market spooked them.
The last thing they want is empowered black Africans.

Vistra40:


So because criminals do cryptos so you shut down all accounts that receive crypto’s. If that’s the case then what has the government done in addressing unemployment?i don’t support illegal business but it’s wrong to block the whole thing entirely

And criminals do transactions in Naira and USD cash.
That's not a valid argument.

itslinkin4005:
Taaa na today ,sharp sharp another means dey...no dulling we move...

Boss yarn me abeg na buy me wan buy ni

Buzx:


Do not panic. Your money is very safe, but the worse they can do is prevent you from withdrawing it. If even if they do that, your money is not gone as there will be other ways.

Boss abeg me I wan buy nii so it's hard to buy to at the moment??

Selfkontrol:
you can buy but not through exchanges dealing with banks. You can buy using peer to peer

The peer to peer how did they or how would they get to buy it??

This our government is useless and brainless. Cryptocurrency is my main chance of making money this year. God will punish whoever brought this to bear. See the screen shot attached. The India government is looking at adopting the tech behind cryto- blockchain, ethereum and hedera hashgragh.