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Nairaland Forum / Nairaland / General / Business / CBN Shuts Down Cryptocurrency Exchange Bank Accounts (96980 Views)
CBN Shuts Down AbokiFX Bank Accounts / How Legit Is Private Exchange Bank / More Bank Accounts To Be Shut As CBN Issues Strict BVN Rules (2) (3) (4)
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Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by U1(m): 7:29am On Feb 06, 2021 |
Abdogood: I'm not sure. I don't think the people unleashing their frustration here are the type to buy their vote with 5k. Think again. 2 Likes |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by webizone(m): 7:29am On Feb 06, 2021 |
softset: You won't say you weren't warned before and during the first election. How you could think that someone like him can do anything good beats me. In fact, just stop. You have shown poor judgement skills already. How are we sure that you wouldn't elect another stupid person next election? 1 Like |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by CryptoRepublic1: 7:42am On Feb 06, 2021 |
African leaders are the most short sighted set of people on earth,they should've embraced the blockchain technology but no they're not, the future is in the blockchain technology and it's going to be one of those kind of situations of he who controls bitcoin controls the future economic,when btc was selling for under 3k they should've bought it all up but they didn't,I can see Nigeria economic growth shorting down by inflation very soon and I think that every rich Nigerians should be busy putting all their money into btc and other cryptocurrencies asap. Africa is a total failure. 3 Likes |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by winnah(f): 7:45am On Feb 06, 2021 |
Can I tell you something bro? That FX policy wasn't a bad idea at all. People are still receiving money abroad. The truth is that you ain't going to receive directly to ur naira account. It's either you get the dollars or u receive it into your domiciliary account. |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Nobody: 8:16am On Feb 06, 2021 |
Damsellady:You may be able to do that now, but soon not anymore. Luno is an exchange, and CBN will close their bank account in Nigeria which will stop them from operating legally. So they have to exit Nigeria. Modified: All crypto exchanges in Nigeria have stopped all activities, that was faster than I expected so your answer is now capital NO. 2 Likes |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by livinbygrace: 8:27am On Feb 06, 2021 |
Necksonnel: They ban crypto in Nigeria,for any smart guy,enter Cotonou or Ghana and do your thing then wire the money back to your account .Na now those countries go make better money from Nigerians |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Nobody: 8:27am On Feb 06, 2021 |
gambit24: Mad man |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by DEWKID(m): 8:42am On Feb 06, 2021 |
cbrezy: I just googled this post then login on nairaland saw that your mention opened it and if was same post you mentioned me |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by adewale4jesus: 8:44am On Feb 06, 2021 |
grossintel:What of customers money with them |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Murketeer: 9:05am On Feb 06, 2021 |
teacherbim:Can't u sell to a vendor ...as well as buy from a vendor? |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Hassanmaye(m): 9:20am On Feb 06, 2021 |
capitalzero:You mean forex, stock, forex are traditional |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Nobody: 9:28am On Feb 06, 2021 |
adewale4jesus:You can still access your crypto. It's just going to act like wallet. |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by PuristForest: 9:35am On Feb 06, 2021 |
Binance suspends NGN deposits. What will happen to existing funds in crypto wallets. This only forces people that want to really trade to go to shadow markets. Nigerians are very creative and this will only make them get more creative. |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by PuristForest: 9:41am On Feb 06, 2021 |
PuristForest: 1 Like |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by einsteine(m): 9:46am On Feb 06, 2021 |
excellence44: Completely missing the point. Trade on Nairaland alone is worth tens of millions. People have been trading crypto without crypto firms. It is a decentralised market and majority of large trades are done peer to peer. If you don't know, learn. 1 Like |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by MasterPDON: 10:07am On Feb 06, 2021 |
Will someone explain to me what the hell is going on Nigeria's ban on crypto shouldn't affect crypto already in circulation, right? How is dollar around 39.5k to 1BTC and naira is just around 17.7m? Did the naira value just plummet down overnight? Also, why is the chart on Luno in the last 24hrs bearish, and everywhere else, bullish? |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by DigitB: 10:27am On Feb 06, 2021 |
Dynamiq: Yes it still works for Nigerians. 1 Like 1 Share |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by cbrezy(m): 10:55am On Feb 06, 2021 |
DEWKID: Yeah Atiku just sent a message to Buhari administration that they should regulate it instead of trying to bring it down. |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by ifylouis: 11:06am On Feb 06, 2021 |
MasterPDON:Good question. Pls experts should provide an answer to this 2 Likes 1 Share |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by PuristForest: 11:09am On Feb 06, 2021 |
lots of people will move to localbitcoins.com or buy crypto from their forex platforms (brokers). |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by kingakaay: 11:39am On Feb 06, 2021 |
Some centralised exchanges would go down while some would stay up, new P2P and decentralised exchanges (DEX) would be born to capitalise on this development. DEX is still the future. https://achee.substack.com/p/cbn-vs-crypto-in-nigeria-the-end 1 Like |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by AntiNigerian: 11:45am On Feb 06, 2021 |
FBIBOT:which debit card you use because my zenith Bank no gree me |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Hassanmaye(m): 1:28pm On Feb 06, 2021 |
Nerro042:You sold 57k and made the interest of how much? |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by PerfectlyPerfect(m): 3:16pm On Feb 06, 2021 |
id911:I've sent you a PM |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by Nobody: 4:41pm On Feb 06, 2021 |
The important question here is will apps like Luno survive? What do you advise, move the coins to another wallet? |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by UncleKoboko: 5:48pm On Feb 06, 2021 |
munachiso58:lol Give me your findings please |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by UncleKoboko: 5:50pm On Feb 06, 2021 |
excellence44:And did Binance, luno etc tell you they are leaving? 1 Like |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by UncleKoboko: 5:51pm On Feb 06, 2021 |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by UncleKoboko: 5:53pm On Feb 06, 2021 |
baddosky1:shut up! what about the osus? R0chas, Amaechl etc are they yorubas? Always think before you type. |
Re: CBN Shuts Down Cryptocurrency Exchange Bank Accounts by munachiso58(m): 6:37pm On Feb 06, 2021 |
UncleKoboko:luno is still working |
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