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Nairaland Forum / Nairaland / General / Politics / Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose (35808 Views)
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Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Abs76: 9:01pm On Feb 11, 2021 |
Knighty12:that's why your father is richer than danggote or bua useless tribal bigot |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by munachiso58(m): 9:01pm On Feb 11, 2021 |
Djyucee1:even in game of thrones oooo my brother 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Eriokanmi: 9:03pm On Feb 11, 2021 |
I'm not surprised. They feed on the south . They're not business minded and they don't care...in as much as allocation keeps coming They're fine 3 Likes |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by airsaylongcome: 9:03pm On Feb 11, 2021 |
slawormiir: PTPT: Peer-to-peer transactions Not hard to decipher |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Sid44: 9:05pm On Feb 11, 2021 |
If cattle's could be cryptocattles, online buying and selling of cattle's... Only then will Cattle Bank of Nigeria approve. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by DCmonster: 9:07pm On Feb 11, 2021 |
ichidodo:Your Education if you have any is a waste! |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 9:07pm On Feb 11, 2021 |
justosee:They tolerate because it is the beauty of their democracy at work...Tis like racism, You don't like this black person but because of the democracy and constitution at play, you've got to tolerate them even though in your mind you don't accept them... That's how it is with bit coin as it concerns US and co...Tis a racism of currencies... That's why I believe it will crash sooner or later... |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ElValiente(m): 9:14pm On Feb 11, 2021 |
Na to dey drag us go back Dem sabi. Mitcheww. Cow fuckers |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 9:14pm On Feb 11, 2021 |
CSTRR:So you agree Govts don't like Cryptocurrencies,Good.Now Nigerian Government is coming out to act on that dislike..Can you blame them? Money that you cannot see physically... cannot touch...cannot be divided...Has no intrinsic value.. just ICT mumbo jumbo...If you want to invest you're free but there are some silly idiots out there who think they know sh**t that will put Themselves,their children and children's children into debt never mind tanking the Economy for such a volatile thing as Cryptocurrencies...Banning it will save lives.. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by fof1: 9:15pm On Feb 11, 2021 |
CaPpaDonNa: IGNORANCE IS OUR PLAGUED PROBLEM. BACKWARDNESS is Really in Nigeria... Pls Leaders Should Learn from Kenya, Senegal,Botswana...etc. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 9:16pm On Feb 11, 2021 |
This is a clear indication that Nigeria is a union of progressive people and regressive people and it can never work. A man who is raised to rear cows can never co exist with a man who is raised to explore the world. Northerners are the reason Nigeria is where it is today and the fact that they hold leadership positions makes it worse. This useless country needs to be balkanized now. 2 Likes |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by RRodwave(m): 9:17pm On Feb 11, 2021 |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by OROSUNBOLB(m): 9:21pm On Feb 11, 2021 |
One of the many problems of these northerners is their archaic conservative mentality. They don't move with the trends of time; they are too static ! How on earth would anybody hope to solve a 21st century problem with a Mosaic era's template ? It won't work ! Our northern brothers always like to lead or rule but they do not have what it takes to lead or rule any modern society, a 21st century society. We all can see very clearly how Mr Buhari is handling the affairs of Nigeria at this age and time. It is so unfortunate that nepotism,sectional interests and favouritism are now the order of the day. My point essentially is this. Whatever our northern brothers do not understand or they naively assume will give a sort of advantage to the people of the south ,even if it will be in the overall interest of the country,they will oppose it ! Buhari,in 1983 or thereabout, cancelled Lagos metrorail project that would have solved the perennial transportation problems of the state and served as a model for other States to adopt. He couldn't give any reason for the cancellation but it was so glaring that petty jealousy was the main reason. He wouldn't have cancelled it if it was a Kano state project then. It is the same project they are now trying to do with cost running to billions of naira ( in debt ) ! Major facts behind the ban on crypto currency are : 1. Vast majority of northerners do not have basic knowledge about its operations. They naively assumed it would give southerners certain economic advantages over northerners ! 2. Bureau de change business is dominated by northerners. They view crypto currency operation as a real threat to the survival of that business. Federal Government, through the CBN must protect the northern owners of this business. 3. We have a government that is not knowledgeable and is even lazy to pursue that knowledge about how modern economy operates. It is an anomaly for a man with the same mindset as Fodio to be the President of Nigeria at this age and time ! North and Northerners are dragging Nigeria backward and that's a fact ! 4 Likes |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by HIPROFILE(m): 9:26pm On Feb 11, 2021 |
How the northerners no go support that region is completely opposite of progressiveness so they dont think twice before they oppose anything that will bring progress or development. Am not surprised at all |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Germi9: 9:27pm On Feb 11, 2021 |
southern senators are goung digital on stealing while their northern counterparts arr wallowing in the old ways |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by IMAliyu(m): 9:34pm On Feb 11, 2021 |
“Cryptocurrency has become a worldwide transaction of which you cannot even identify who owns what. The technology is so strong that I don’t see the kind of regulation that we can do. Bitcoin has made our currency almost useless or valueless,” Mr. Sani lamented I'm sorry but crypto didn't make the Naira weak. The Naira has been on decline since after the 80s oil boom. With the government's over dependence on oil for foreign exchange and hostile to policies towards FDIs, the country's uncompetitive nature in the international market. It was already doomed to begin with. So quite making excuses for the government's and your generation's incompetence |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Theoarhics: 9:34pm On Feb 11, 2021 |
The north has always been backward.. not surprised. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by dan56: 9:38pm On Feb 11, 2021 |
ichidodo: Taking a look at that word and since the government care so much. Why don't they ban the internet? Do you know how many people that have been scammed because of they have access to the internet. They meet someone they can not "touch" a you stated. And get ripped of millions of funds. A lot meet strangers from social media and end up killed. Don't you think the internet should be banned to prevent thousands of Insecurity that have developed because of its existence?? 3 Likes |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Nobody: 9:45pm On Feb 11, 2021 |
what Nigeria has just done to those engaged in trading cryptocurrency is hypocritical. 6 Nigerians from the North (some are bureau the change agents ) where jailed in UAE last year, for funding boko haram 2015-2016. The CBN ,EFCC,NIA, Ministry of foreign affairs or even the Presidency is yet to comment on that matter,or look into operations of this bureau the change agents. But see how quick they are to battle trade in cryptocurrencies -simple because the can't control it like the do our banks,NNpc,Ports,Airports ,Electricity etc and every other deficient government institution in the country. The are quick to tell us China and a host of other countries has done same , but leave out the fact that as of September 2020,China test run its own cryptocurrency which it says will be the most dominant in years to come. 10 years from now,we will get around removing this handicap we have imposed on ourself 4 Likes |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Hushbingo: 9:45pm On Feb 11, 2021 |
coronavirus19:Alternate account |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Hameed807: 9:47pm On Feb 11, 2021 |
that is good grammar perhaps what-bis the problem with that. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by IMAliyu(m): 9:47pm On Feb 11, 2021 |
ichidodo:So, you want the government to nanny you? Are you not an adult to understand risks and make decisions on your own? The risk of going into debt gambling exists, but you are free to choose to partake in it. The risk of losing money on a stock market crash exists but they haven't ban that either. I call bs on your statement of it will save lives, A government that fails to protect the lives and property of it's citizens, doesn't have the moral high ground make such a decision. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Johnrio22(m): 9:56pm On Feb 11, 2021 |
slawormiir:Hahaha hahaha. Nice finishing!!!! |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by McTobe(m): 9:58pm On Feb 11, 2021 |
Tell me more...I presume you understand how crypto run operates, blockchain technology and the other salient factor about crypto market. Moreover, Nobody asked Nigeria to put their reserve on it. How can a market with the kind of capitalization like BTC and etherium crash the way you are saying it. I will like to have a better explanation from you of how you think Crypto can possibly collapse...Just an objective conversation no attacks ichidodo: 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by Oluwaleinad14(m): 10:01pm On Feb 11, 2021 |
Ikpeazukerosene: This picture is making me angry all over again |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 10:02pm On Feb 11, 2021 |
dan56:Cc Mctobe ...Sh**t happens in the world that doesn't concern or affect economies or Govts...But there are things...So small and petty that if left unattended to can create significant problems to economies and govts...A good example is the cryptocurrencies bubble which is currently ongoing. The outflow of fx for intangible things such as Cryptocurrencies without inflow of goods or services can lead to severe distress in our economy...Maybe Dangote might stop building his refinery and put his money on bitcoin... Imagine the distress to the economy...Now imagine entrepreneurs and investors doing like Dangote all over the country.. Less Jobs will be created..and you know what that means. After which you add the insult to the Injury when Bitcoin finally crashes and everybody's investment get wiped out??...Double wahala for dead body. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 10:13pm On Feb 11, 2021 |
McTobe:There's a lot of discussion to be had on this subject...but something came up and I have to run..Peace out. 1 Like |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by harjay1986: 10:13pm On Feb 11, 2021 |
ichidodo: for your information I take risk when I have to so Bleep any goverment policy, what you people dont know is that you believe in mumuism and zombiesm so naa follow i follow una dey do from north you cant think out of box, thats why when dubia envoy came to Nigeria in 1996 for ur brother to invest there they call dubai a desert, look now what they suppose to have at a cheaper price they are now using money meant for development here to secure it try for once to think out box and mind you always use that word IF often so that you can balance your investment fool |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by McTobe(m): 10:13pm On Feb 11, 2021 |
What of forex? What you are saying also applies to forex, also you have not given me strong points to convince me that cryptocurrency will collapse overnight one day like MMM. In the first instance mmm and crypto are not in the same league. Have you checked the number of people that Crypto trading feed in this country, not even Dangote can employ or pay the number of people that do transactions on crypto as their mainstay or as alternative source of income. So don’t you think CBN should research further or get consultants to research on how they can control its use in illegal operations rather than outright ban? ichidodo: |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by mosesaigbe(m): 10:15pm On Feb 11, 2021 |
Hmmmm Something Glorious Is Coming Stay Glue . SOGshops Cares. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by ichidodo: 10:19pm On Feb 11, 2021 |
McTobe:I don't have much to say just Google Tulip mania...Read about the The Great Depression...If you don't get my view then there's nothing I can do for you.. |
Re: Crypto Ban: Northern Senators Support CBN, Southern Senators Oppose by 9jahotblog: 10:20pm On Feb 11, 2021 |
Kubernetes:good payoneer can be used to buy bitcoin now . |
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