YourMajesty:
Too tired to read this long epistle that look like Bet9ja slip.

softset:
I have always said it that this government and its managers are completely clueless.

Imagine having a severe headache, the rest of the body cannot function properly.

Buhari is too old to manage a complex system like Nigeria, the CBN and many other government officials are out of touch with 2021 reality, they still think we are in 1993 or 2001.

Don't be surprised if the CBN makes a Uturn tomorrow, most investors will be worried about doing anything with Nigeria, they will rather go to South Africa, Kenya or even Ghana.

Look at how much Benin Republic earned from car impotation and rice.

We honestly have very dumb people managing our nation.

Where are smart leaders in their 30s and 40s, next election must be different

MT:


Your understanding of micro economics is very low or non existent. You are referring to Benin Republic as a model for Nigeria to follow by allowing importation of goods (rice) into the country; this alone shows you don't understand economics and the simple dynamics driving world economies.

This subject is obviously beyond you.

softset:
Since you know much why don't you educate me, just look at this talented idiot

Mikecold:
is obvious it was the northern spoon feed bureau de change association that called for this ban.

Inteltower:
Pls don't be deceived as these people in power speak from 2 sides of their mouth.

They may have listed tangible reasons as to why they banned transactions in crypto

But get this:

1) CBN by it use of the word regulation means freezing your accounts when you are supporting a protest financially or to do something that challenges govt. By not doing certain things they the government want would mean closing ur account or restricting u financially.
They take away your financial independence which cryptpcurrency offers

2) The Alternative they are forcing us to abide is failing naira which only depreciates in your bank account
Compare a #10 naira fiat currency and a #10 naira in bitcoin, which has more appreciation value ?

3) They forgot to add among the financial system is their excessive bank charges monthly/annually, how about dollar restrictions but exemptions to piligrims and finally the worthless bank interests they give u on your money

4) Its not today that crime started, why haven't they banned the legal tender: Naira since it has been repeatedly used in fraud and kidnapping. Mind u some coins that were used for criminal activities can be traced

Some call it ponzi scheme, I call it liberty to an ever changing/advanced world and independently i wont play catch up.
Only those that lack understanding of what crypto is would call it ponzi or scam and am so sorry for u

They used corruption to destroy our economy which still happens today which has led us in being a consumption based economy, to roll out great policies and support youth startups then was war for them.

Now they want us all to grow in the backward pace of economy

A lot of people backing this sanction are the ruling class, not middle or lower class. They don't know where it pinches for a lot of persons. They havent stopped corruption which has put Nigeria in what it is today, a far greater evil
But to ban crypto; a financial innovation legal to the community that accepts it

See how the cornered the crime of fraud to youths just to blame crypto

Hmm I tire. Make we break up

MT:
CBN laid out a well articulated case with facts. Lot of people ranting here don't even understand what cryptocurrency is all about. No one can offer a valid , tenable, deep thinking regarding it. All they did was to throw insults and jabs to Buhari and CBN.

For once, engage in an intellectual discussion with depth.

njuwo:
Cryptocurrency is the future oh, meanwhile, I buy btc and paypal funds, kindly dm me if you want to sell.

Kubernetes:

Paypal funds?
How?

Islie:

•Insists restrictions to safeguard Nigerians, financial system

•Lists inherent risks

•To block accounts with suspicious transactions

•BDC operators, groups back Emefiele on transactions’ ban



https://www.thisdaylive.com/index.php/2021/02/08/cbn-investigates-cryptocurrency-companies-bank-accounts-for-fraud/

njuwo:
Paypal balance in exchange for naira