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Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose - Politics (5) - Nairaland

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Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by NiceMen: 8:31pm On Feb 11, 2021
ichidodo:
Even though market speculation is our forte....Banning crypto is the best decision this regime had ever taken....You think MMM was bad? Try Crypto, that sh**t is MMM on Steroids,Cocaine and Heroine combined...Yeah, we know MMM f**ked individuals up even house holds weren't left out. When the bubble around cryptocurrencies eventually bursts whole economies maybe Governments exposed to it will collapse...We already have Buhari sending our economy to the stone age, the last thing Nigeria needs is to be exposed to a future crypto global economic meltdown....I rather invest in cows, honestly.

Ichi, u deh fall hand. CRYPTO IS NOT MMM, AND MMM IS NOT CRYPTO.


MASTERCARD HAS JUST ANNOUNCED THEY WILL BE MAKING THEIR CARD BUY AND OAY WITH BTC... Not sure u know what that means

1 Like

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by FreeSpirited: 8:33pm On Feb 11, 2021
ichidodo:
Even though market speculation is our forte....Banning crypto is the best decision this regime had ever taken....You think MMM was bad? Try Crypto, that sh**t is MMM on Steroids,Cocaine and Heroine combined...Yeah, we know MMM f**ked individuals up even house holds weren't left out. When the bubble around cryptocurrencies eventually bursts whole economies maybe Governments exposed to it will collapse...We already have Buhari sending our economy to the stone age, the last thing Nigeria needs is to be exposed to a future crypto global economic meltdown....I rather invest in cows, honestly.
You are a disgrace to Nairaland..you are a disgrace to Nigeria with your stinking kind of ignorance...Even if you went to bad school...but there's internet where you can Google and find information......You are so dull that Fulani cattle should reason better than you...

2 Likes

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Kubernetes: 8:34pm On Feb 11, 2021
CBN did not ban crypto currency as captioned from the thread.
From 99% of the comments, most people assumed that crypto like bitcoin has been banned.
What CBN did was to ask the banks etc to close accounts of platforms facilitating the purchase of bitcoin.Before this development, you can buy bitcoin by using your naira to fund your virtual account with these platforms(Roqqu, quidax)using providus bank where they also facilitate your payment with the other party selling the bitcoin. So now, you can only sell bitcoin now but u can't buy. And thats why traders like me are taking the root of p2p transaction but u must trust the other party.

Well, another option is to adopt a cross border platform like Payoneer to buy your bitcoin.
Thank me later.
You are welcome.

4 Likes 2 Shares

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 8:35pm On Feb 11, 2021
ichidodo:
People trade drugs...People trade Guns....In some parts of the World people trade human beings or parts..It doesn't mean Govt accept such..Even Bit coin was created to prevent Govt from tracking transactions...So How can Govt accept such that it doesn't know where it is coming from or whence it goes...And that will be the nemesis of cryptocurrencies.
gun and drugs are illegal trade but no government is banning bitcoin except the northern cows.
You mean to tell me a northern cow know more about bitcoin than the likes of US?
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 8:35pm On Feb 11, 2021
FreeSpirited:
[s]
You are a disgrace to Nairaland..you are a disgrace to Nigeria with your stinking kind of ignorance...Even if you went to bad school...but there's internet where you can Google and find information......You are so dull that Fulani cattle should reason better than you.[/s]..
Bros ,I no send you come nairaland...
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by FreeSpirited: 8:37pm On Feb 11, 2021
ichidodo:
Bros ,I no send you come nairaland...
Ori e buru...u useless illiterate disgracing a whole country with your stopidiioty... imagine foreigners read that bunch of idiocy u typed... nonsense

2 Likes

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by FreeSpirited: 8:38pm On Feb 11, 2021
NiceMen:


Ichi, u deh fall hand. CRYPTO IS NOT MMM, AND MMM IS NOT CRYPTO.


MASTERCARD HAS JUST ANNOUNCED THEY WILL BE MAKING THEIR CARD BUY AND OAY WITH BTC... Not sure u know what that means
does the fuull know the meaning of MasterCard...Awon Eran lasan wonyi

1 Like

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by FreeSpirited: 8:39pm On Feb 11, 2021
Kubernetes:
CBN did not ban crypto currency as captioned from the thread.
From 99% of the comments, most people assumed that crypto like bitcoin has been banned.
What CBN did was to ask the banks etc to close accounts of platforms facilitating the purchase of bitcoin.Before this development, you can buy bitcoin by using your naira to fund your virtual account with these platforms(Roqqu, quidax)using providus bank where they also facilitate your payment with the other party selling the bitcoin. So now, you can only sell bitcoin now but u can't buy. And thats why traders like me are taking the root of p2p transaction but u must trust the other party.

Well, another option is to adopt a cross border platform like Payoneer to buy your bitcoin.
Thank me later.
You are welcome.
will u shut up with your half knowledge....
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Focusmind: 8:40pm On Feb 11, 2021
Ikpeazukerosene:
Crypto is capable of ruining the Bureau De Change business dominated by northerners. That is why you will not see the average northerner support crypto.
The funny thing is that if the average Northern youth understands how crypto works, they will embrace it wholeheartedly. If you check stats, Opay and Paga did very well in Kano and other northern states.

Well, crypto transactions will happen with or without the CBN and whatever the North feels. The North can not hold the rest of Nigeria back because of selfish reasons.

See your CBN Governor. I'm sure, when they are doing ACF meetings, they call him to serve drinks.

Mehn, this picture carry weight. No wonder Buhari reappointed him against all permutations. Buhari surprised everybody, including himself by reappointing Emiefele that was appointed by Jonathan.
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by SonOfTheRisingS: 8:41pm On Feb 11, 2021
Cholls:
my brother no be say cropto dey illegal o...But na because Nigerian government dey lazy dem dey wait make IMF and other western countries to give dem template on how to regulate cryto...

No reasonable countries want to do business with nigeria.

The painful thing is this, people are shying away from saying the truth. But very soon everyone will look into it and call for it.

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 8:42pm On Feb 11, 2021
NiceMen:


Ichi, u deh fall hand. CRYPTO IS NOT MMM, AND MMM IS NOT CRYPTO.


MASTERCARD HAS JUST ANNOUNCED THEY WILL BE MAKING THEIR CARD BUY AND OAY WITH BTC... Not sure u know what that means
MasterCard is just a company trying to make a quick buck off the frenzy going on...No be today frenzies like this crypto deh happen...Go back to your history, there was a time salt was more precious than gold...Google Tulip mania... For you to forecast the future you got to know the past because HISTORY must repeat itself...Heck if master card was there back in the day of salt, I'm sure they gonna be making their card trade salt..
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Reigning2020: 8:42pm On Feb 11, 2021
We can't really blame them can we ? We know what we know and as for lots of them if it ain't cow related it' s not good [color=#000099][/color]
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by zudozz: 8:42pm On Feb 11, 2021
I no be Ipoboooh. But the Country no be one oooh and e no fit be one oooh!
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 8:44pm On Feb 11, 2021
FreeSpirited:
[s]
Ori e buru...u useless illiterate disgracing a whole country with your stopidiioty... imagine foreigners read that bunch of idiocy u typed... nonsense[/s]
Crap...
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Monjerk: 8:44pm On Feb 11, 2021
One of the reason to split this country because we can never agree due to tribal sentiments.

1 Like

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by FreeSpirited: 8:45pm On Feb 11, 2021
ichidodo:
Is Elon musk a country?...Is Master card a country?.. These are individuals or entities that have decided to dabble into cryptocurrencies markets to obtain a measurable store of value for their sweat...If eventually that store of value goes from 1000 to 0 Thus placing America's GDP under peril... That's their own cup of tea..The Nigerian economy cannot afford or need that kind of risk taking activities from her citizens especially at this critical time...
you ar suuch a full... everything coming out from your mouth is pure gutter poo....the best is to ignore your idioocy ..and not even try explain anything cos u are such a daft....a revolutionary scientific and financials technology is being called risk by a big full like you...is just like saying internet is a risk or was a scam when it was first developed...so people shouldn't dabble into it or invest in anything internet...crypto is here to stay even the most powerful government and economy in the world can't stop it...they are already buying into it...you foooolish entity wants to take us back into your Amajiri economy of nomadism...eyin Eran oshi wonyi

If you are not too daft...why not pick up a book or course on Udemy or coursera to learn about Blockchain technology which all cryptocurrency is based on...I'm sure u can't even understand it... otherwise fooolish Brian like u won't like MMM to a revolutionary technological discovery of the 21st century
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Kubernetes: 8:46pm On Feb 11, 2021
FreeSpirited:

will u shut up with your half knowledge....

Oh, so you at least admit I have half the knowledge.
You that have the full knowledge, why hiding it?
If u really have it, why didn't u educate people?
Nonsense!!!
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by BennyDGreat: 8:47pm On Feb 11, 2021
It's so obvious that Nigeria must be restructured.
If a set of people have certain belief system and thought pattern, let them be grouped together to allow those with opposing belief system and thought pattern equally be grouped

Restructure Nigeria now!
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by benqo01(m): 8:48pm On Feb 11, 2021
Banning bitcoin is like putting a ban on money.
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Toks2008(m): 8:49pm On Feb 11, 2021
Una dey waste una time.

Only clueless people think they can ban a decentralised currency.

1 Like

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 8:50pm On Feb 11, 2021
justosee:
gun and drugs are illegal trade but no government is banning bitcoin except the northern cows.
You mean to tell me a northern cow know more about bitcoin than the likes of US?
A dead clock can only be correct twice a day...So we have to give them northerners props, To them tis just a shot in the dark but it was a good shot because somehow,in some non deliberate manner they are correct..Do you know US Government are hostile to cryptocurrencies? Why Because it devalues their Dollar but because it is a free market democracy they just tolerate it but they don't keep it in reserve..
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Toks2008(m): 8:50pm On Feb 11, 2021
BennyDGreat:
It's so obvious that Nigeria must be restructured.
If a set of people have certain belief system and thought pattern, let them be grouped together to allow those with opposing belief system and thought pattern equally be grouped

Restructure Nigeria now!


Is it not obvious that those who are against it are backward thinkers?
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 8:52pm On Feb 11, 2021
FreeSpirited:
[s]
you ar suuch a full... everything coming out from your mouth is pure gutter poo....the best is to ignore your idioocy ..and not even try explain anything cos u are such a daft....a revolutionary scientific and financials technology is being called risk by a big full like you...is just like saying internet is a risk or was a scam when it was first developed...so people shouldn't dabble into it or invest in anything internet...crypto is here to stay even the most powerful government and economy in the world can't stop it...they are already buying into it...you foooolish entity wants to take us back into your Amajiri economy of nomadism...eyin Eran oshi wonyi

If you are not too daft...why not pick up a book or course on Udemy or coursera to learn about Blockchain technology which all cryptocurrency is based on...I'm sure u can't even understand it... otherwise fooolish Brian like u won't like MMM to a revolutionary technological discovery of the 21st century[/s]
Go to School...Go and read your history...And stop ranting imbecilic trash...
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by SonOfTheRisingS: 8:52pm On Feb 11, 2021
Ikpeazukerosene:
Crypto is capable of ruining the Bureau De Change business dominated by northerners. That is why you will not see the average northerner support crypto.
The funny thing is that if the average Northern youth understands how crypto works, they will embrace it wholeheartedly. If you check stats, Opay and Paga did very well in Kano and other northern states.

Well, crypto transactions will happen with or without the CBN and whatever the North feels. The North can not hold the rest of Nigeria back because of selfish reasons.

See your CBN Governor. I'm sure, when they are doing ACF meetings, they call him to serve drinks.

Thank you for bringing this out, when we exposed informations we had to the so called Nigerians, they were abusing us.

Now this war is reaching all those were sitting on the fences. (Wetin concerned me association of efulefus political otelectuals). At the end Biafra CBN will be launch

1 Like

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by BennyDGreat: 8:54pm On Feb 11, 2021
Toks2008:



Is it not obvious that those who are against it are backward thinkers?

I can't imagine some people thinking in this akward fashion in this time and age.

This system can't work again. This government isn't acting. The system benefits them but if the people ever rise it would be terrible!

It baffles me the way they churn out policies. It looks deliberately planned. There's a script
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by CSTRR: 8:57pm On Feb 11, 2021
Brushstrokes20:
This doomed contraption is long overdue for disintegration,!

....and may lugard continue to rot in the hottest part of hell!
Along with azikiwe.
Zik had the chance to force a northern secession but he turned it down.

3 Likes

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by FreeSpirited: 8:57pm On Feb 11, 2021
ichidodo:
Go to School...Go and read your history...And stop ranting imbecilic trash...
what's the relationship between history and an open source Blockchain technology...you are so daftt..... u shouldn't be allowed to post here so u won't spread your virulent idiocy....You think Cryptocurrency/Blockchain technology is like APC-PDP politics of herdsmen that you guys harp about......An average Bitcoin trader will lecture your CBN governor about cryptocurrency..

3 Likes

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 8:58pm On Feb 11, 2021
ichidodo:
A dead clock can only be correct twice a day...So we have to give them northerners props, To them tis just a shot in the dark but it was a good shot because somehow,in some non deliberate manner they are correct..Do you know US Government are hostile to cryptocurrencies? Why Because it devalues their Dollar but because it is a free market democracy they just tolerate it but they don't keep it in reserve..
Will the US still tolerate if there is no benefit?

many people never wanted to store money in the bank until recently.

1 Like

Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by dhikirulahi(m): 8:58pm On Feb 11, 2021
Why would the Northern support such who will patronise their black market dollar again
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Dharniel600(m): 8:59pm On Feb 11, 2021
The north feel say them fit drag this country backward. We southerners have our own ways of making money, we don't depends on government anymore.
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by yommygift15: 9:01pm On Feb 11, 2021
No one expects them to support it when they don't even the definition of it, we're talking of backward people of Nigeria here.
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by CSTRR: 9:01pm On Feb 11, 2021
ichidodo:
A dead clock can only be correct twice a day...So we have to give them northerners props, To them tis just a shot in the dark but it was a good shot because somehow,in some non deliberate manner they are correct..Do you know US Government are hostile to cryptocurrencies? Why Because it devalues their Dollar but because it is a free market democracy they just tolerate it but they don't keep it in reserve..
The US IS NOT hostile to crypto.
If they did, you would know.

There are no policies against crypto in america.
Yes, govts don't like crypto because of its potential to bypass the established govt regulations, but there is a difference between not liking and acting against.

1 Like

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