₦airaland Forum

bcashy:
Exchanges bank account will be closed....if you have crypto like bitcoins, you can still trade from peer to peer trade options on exchanges like binance.

This is bad

CooldudeX1:
The big question is "how reliable is Jack"? How are we sure that Jack will not wake up one day and vanish with our money?

To answer your question quite reliable actually being that he's my best friend. Then the second if the cbn actually goes through with this, people who aren't used to it will have to go back to p2p or give up on btc. You'll have to find someone you can trust. And contrary to popular opinion bitcoin vendors are actually reliable being that they make big dough being a vendor than running off with a few change. Find someone to trust buddy

Because Crypto Currency is a direct competition with the Fulany owned BDCs.

Ha Ha

Very soon the Fulany FG will ban poultry farms, cos it is in direct competition with the herdsmen industry.


It is too late.

Divay22:
I just got credited from luno now also ...
The panic is from next week we might find it hard to withdraw from luno going by this notice.

Sell to a vendor... simple

LadySarah:

A country with stone age leaders.
Bmc, Garbage Adamu, how market?

Nothing Bad SiSi, we are going back to using of our Ancient currencys such as Cowries, Shells, Stones and Bones

My BaBu till 3023

What's up man!!

They want him they put him there now they are hating it, �� to all of the shit ash leaders

This must be a joke coz they didn't provide jobs for youth and we are still doing/making funds on our daily transaction, they still want to shut it down?

My money.......Gbese
This government are bunch of educated illiterate

Rikidony:
This is bad

The country we find ourselves!

I just withdrew from binance now and i got the alert within 5 minutes but am sure maybe starting from next week.....things may change but there will always be a way out!

thebosstrevor1:
Stop the hype.

Those platforms will not be able to trade with this new law.

So you saying a law made by Nigerian govt will. Affect transfers in binance or what ?...maybe u don't understand it

chei.. my cash out

Tundex911:
And some youth won't still get sense with all this shit this government dey do us...

Comes 2023, some youth go dey support this old men called cargoes

a lot actually.....they are already singing their praises on this platform

We must surely survive , nah their self them the frustrate ,

einsteine:
You obviously don't know anything about cryptotrading.

If someone buys crypto from me, how does the CBN knows the person bought from me?

Most trading of large sizes are done off exchanges between individual parties so this policy cannot prevent that.

You obviously don't shit about crypto. Peer to peer will be effective only if there's an escrow service due to low level of trust. Again, how do expect crypto firms to transact base on p2p?
Think before you type.

https://www.luno.com/blog/en/post/lunos-statement-on-the-central-bank-of-nigeria-circular


I believe they will suspend it.They just want to be bribed.

Badguy89:
https://www.luno.com/blog/en/post/lunos-statement-on-the-central-bank-of-nigeria-circular


I believe they will suspend it.They just want to be bribed.

The bold is the pure truth!
They know money coming into the crypto market is huge & the felt left out! They just want a share of it.

DollarBuddy:
Good! vote a youthful President, vote a youthful president, Nigerians Yoruba and Northen Muslims no go gree.

They allowed useless tribal and religious sentiments becloud their sense of reasoning.

Fixed!

Raph3177:
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

Please
What's your take on Luno and binance price differences?
Why is Luno price usually higher?

Geopex:
Me just withdraw money from luno now and they have alert me within 2 minutes. So don't panic

boss no vex o
Find me any amount make i take help my life na
please

KNGMufasa:
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

I follow a lot of cryptocurremcy news channel, both on YouTube, Twitter and telegram ...and I also Google crypto stuffs from internet and read books about technical Analysis

Murketeer:
Okay ...so it doesn't affect peer to peer

Yes,out doesn't

FBIBOT:
What the Bleep is this now... Do these guys have sense like this? One of my hustle gone down the drain crypto arbitrary trading is bae... Crying

How were you able to crypto arbitrage before? I thought all banks reduced their limit to $100 per month and the cards don't work on crypto websites.

macrodata:
BAD BELLE!!
See intelligent conversation here, not this rubbish you wrote up there out of ignorance.

You are very stuiipid and idiotic....what has Nigerian done to attract foreign direct investment
...so crypto is the major reason why naira is falling ...oloriburuku ni e...how many companies do we have...how much do we generatr from international market... what has your government done to improve exportation in Nigeria...it shall not be well with you... oloriburuku.

thebosstrevor1:
Crypto is expensive to send.

Network fees is very high for btc and others.

So i don't see how crypto strengthens the naira

guy stop talking nonsense. Have you tried ripple network before? They charge about $0.01 or so, same with USDT-TRC20 AND TRON. you don't know what you're saying. You think bitcoin is the only crypto? That slow thing

olaxm:
This CBN news-move make sense. It make Naira rise against dollars. Me that been waiting since to buy @450. More bad news  abeg cos Naira against Dollar is best below 400.

what platform is this please

Rawtruth1:
When we cried in 2015, you people called us "wailers". What we(Igbos) sit down and see, you people can't see it even if you climb fifty stairs. Enjoy your "change"

Funny thing is that Yorubas helped this Government to attain power in order to spite the Igbos...

Fastfoward to now...they are the ones at the receiving end!

Who voted more for Buhari apart from the core North? Yorubas

Which people are now suffering worst fate in the hands of Herdsmen after Benue and Plateau? Yorubas

Which tribe trades more in cryptocurrency in Nigeria? Yoruba

Now who will this news affect more? Definitely Yorubas

Wetin concern Emeka in Alaba Market or Ikechukwu in Onitsha main market with crypto!

Make they enjoy their CHANGE!

livinbygrace:
Una never see anything yet,sebi una dey support the so called Efcc clamping on anybody with laptop.I repeat again,una never see anything yet.

Wetin dem wan see, they will kill any motherfuckn criminal and yes this will be embraced.

No one is agreeable to banning crypto, but seizing every opportunity to be a yahoo apologist will not fly.

Go and look for work or start a business, if all fails , japa via morroco.

livinbygrace:
Una never see anything yet,sebi una dey support the so called Efcc clamping on anybody with laptop.I repeat again,una never see anything yet.

And will keep supporting them
How can you be proud stealing from someone else.

Karma is a bitch everly

Meta adirokwa na this zoo...

Tufiakwa!.
Time to go ghost.

O'ga eme this government vum n'anya.

Thank God for noncustodial wallet. If I use my Pi for purchases abroad I'll see how CBN will block my purchases.

tunapawizzy:
a lot actually.....they are already singing their praises on this platform

That's the painful and sad reality.

AntiNigerian:
guy stop talking nonsense. Have you tried ripple network before? They charge about $0.01 or so, same with USDT-TRC20 AND TRON. you don't know what you're saying. You think bitcoin is the only crypto? That slow thing

You just keep mentioning different names.

Yes ripple is cheaper to send, there are thousands of coins that are cheaper to send but Who uses them for transaction?

Bitcoin is the ultimate coin and the coin that people use for transactions, even if you want ripple or tron, you still need to get btc first.

To transfer your btc to the exchanges is expensive especially on weekdays because of network fees