Hello guys for those DAT have been looking for cheap and affordable data,I have some data bundles for sell..those DAT are interested can DM me

You will receive 200 BTT coins for every successful referral

Your Referral link : https:///BTTAirdrops_bot?start=r0694816772

Current Referrals : 2

We will Credit Your Referral Bonus Coins To Your Wallet Address Automatically After Every 5 Successful Referrals Within 24 Hours

Despite the ban by mostly developing countries it has survived the past 11 years. Fortunately and unfortunately apparently Bitcoin has come to stay Kudos to those holding it already.

[quote author=Kobicove post=99433757]The CBN acted in the best interest of the country by restricting banks from transactions in crypto...anyone who is not happy with the decision can go and jump in the lagoon![/quotewe don't need to jump in the lagoon,all we need to do is move our money out of the country and trade.....I am part of the world moving forward.]

Kobicove:
The CBN acted in the best interest of the country by restricting banks from transactions in crypto...anyone who is not happy with the decision can go and jump in the lagoon!

we don't need to jump in the lagoon,all we need to do is move our money out of the country and trade.....I am part of the world moving.

Lixusheng:


Yeah... People say its means of payment.. We all know its for fraudulent stuffs... Dey claim its fr payment stuff... If for example Jumia or some patform start accepting btc.... Hw many nigerians go use am buy tins

We knw wetin dem de use a do....it wl take a toll on d US wd time. A manufacturing country wont feel d impact for now... Third world countries will

ignorance!!! And Nigerians has been trading with it for 11 years.

LoudLord:
That ban na fluke


Guys still dey trade Bitcoin steady steady.


FG na fool

If you can read you'll see the ban has nothing to do with trading.

oluwatosin88:


Please can I get your take on this...am interested in buying this too

what I mean is that cryptocurrency is one of the best asserts right now, if you have the money to invest in it, it is rewarding, when I bought my Trons in December last year, I bought it for #10 naira per one but right now, it is Worth 21-22 naira per one, God knows how much it will worth before the yr runs out,

politicians are most likely using it to steal money with that amount of transactions

[quote author=Heterodox post=99436921] If you can read you'll see the ban has nothing to do with trading.



Mtcheww

We all know those fintech platforms always announce bogus amounts as their turnover just to attract investors now see where they've placed everybody now? We just can't keep quiet in this country shaaa.

What the CBN should understand is that the Naira does not leave our shores and neither does one require to convert the Naira value to dollars before transacting on Crypto sites. Naira is a fiat currency for those converting from crypto local currency. They should rather be happy it doesn't affect the external reserves but know they are looking at the remittance inflows into the country. You can't force the diaspora into sending inflows.

I agree though that if not regulated, it could lead to inflow of illicit funds but then it can be tracked through our financial institutions. Crypto exchanges have not gone into the 'over the counter' cash-out mode yet for them to be afraid of.

Least they can also do is allow the payouts to the crypto sites and restrict inflows to only dollars

AnonPoet:
Why Nigeria BANNED Bitcoin - What you Should Know


https://www.youtube.com/watch?v=5KYJo7clwyQ

In this video, I discuss CBN’s (Central Bank of Nigeria’s) decision to ban cryptocurrency. In February of 2021, the CBN issued a letter stating that banks are prohibited from transactions with companies that deal In cryptocurrency. This has led to massive devastation and huge losses for businesses. This is my summary of the situation and my recommendations. What are your thoughts?

The First CBN Letter in 2017

The first circular on Cryptocurrency by the CBN was a letter in 2017 which they referred to cryptocurrency as Virtual Currencies. The concern of the CBN was that Crypto is untraceable, anonymous and hence can be used by criminals to launder money and finance terrorism.

The SEC Notes on CryptoCurrency

The SEC, which is the Security and Exchange Commission in Nigeria whose main duty is to regulate investments and securities in Nigeria called cryptocurrency an asset. A digital asset.

The “Ban” of Crypto Currency in 2021

All of that brings us to today, where the CBN issued a letter in February of 2021 that dealing in Bitcoin or any cryptocurrency for that matter by banks is prohibited or in other words, it’s been banned forbidden.
More “details” also came out about how the FBI tipped the CBN that some Nigerians were using bitcoin to target stimulus packages from the US and the west in bitcoin, this was on the front page of ThisDay Newspaper.

The Numbers

According to a Quartz article, Nigeria, in the last 5 years, Nigeria has traded over 60,000 bitcoin or 566 million dollars which is second only to the US on Paxful.

Not just that though, there was a report by Stears that Nigeria traded as high as $200 million dollars in Bitcoin per month aka over 95 billion Naira way more than the Nigerian Stock Exchange did in the span of 3 months in the 2nd quarter of 2020. That is crazy! The BuyCoins CEO on Medium stated that in Nigeria they traded more than $141 million dollars in 2020 alone, that’s over 67 billion Naira, similarly, BitSika on Twitter posted that they also transacted over $39 million dollars of which Nigerians deposited $18 million dollars, that’s a total of almost $200 million dollars in a year and that’s just 2 companies.

Why did the CBN Ban Crypto?

The CBN is most likely worried about 2 things, one is Fraud. Nigeria is kind of infamous for the word 419, there’s the case of the “yahoo boys”. The other is the reason which would have made CBN ban Bitcoin is the strain on foreign exchange. The CBN has been making a lot of moves to help the Naira and stop more US dollars from leaving Nigeria. So last year, they banned the use of dollars for food and fertilizer imports, they reduced the spending limit on many many Naira cards, I think the limit is like $100 per month

The Result So far (How we are Affected)

Immediately after that announcement was made, cryptocurrency companies like Quidax, BuyCoins, Binance, Patricia and the likes have issued similar statements. They mostly mentioned that now you cannot fund your account with Naira anymore. What this simply means is that Nigerians cannot buy Bitcoin with their Naira, which cuts off cryptocurrency exchange platforms so you would only have to trade with someone you know who already has bitcoin one on one.

Solution: Way Forward

Speaking of solutions. Going back to the roots of trading bitcoin by P2P or Peer to Peer trading with individuals on platforms that power it. Right now on almost all these platforms, you are able to send and receive bitcoin into your wallet so you’re covered. One major platform that works is Paxful. Also, If you’re a freelancer who mainly receives foreign exchange, or you still want to keep trading bitcoin and/or just want to secure your finances, work on creating a Domiciliary account in Nigeria.

What are your thoughts about what’s going on? Would you say the CBN was right by doing this? Could they have done something better? Just let me know what your thoughts are in the comments.

Kobicove:
The CBN acted in the best interest of the country by restricting he use of crypto...anyone who is not happy with the decision can go and jump in the lagoon!

Well, they have done nothing but to remove the financial institutions and kept them behind their mate on a global scene. The buying & selling of crypto is still going on perfectly well in case you don't know.

Freestainworld:
lol, I am even happy the tron I bought about 12 on December is now 22 as of yesterday I checked it, meaning its appreciating in value

please how do i start BTC trading??

lightwind:
please how do i start BTC trading??

If you go to a place like roqqu.com, you can buy crypto's there, I make use of their site

Kobicove:
The CBN acted in the best interest of the country by restricting banks from transactions in crypto...anyone who is not happy with the decision can go and jump in the lagoon!

Stupidity at it's pick!!!

Guys. I just want since naira has been banned on binance meaning i can't fund my wallet . Can i Change the currency to USD and do a transfer from my GTB dollar account to binance own account ?. Will that still be considered breaking the rule ?
Or i just have keep buying USDT and BUSD at exorbitant rate ??

Bizibi:
ignorance!!! And Nigerians has been trading with it for 11 years.

Na for illicit stuffs... We de use am for make we nor de deceive ourselves...

The best thing to have been done by this government is the ban. All successive governments in Nigeria should likewise toe this path.
Legitimate, anonymous crypto ( apart from even the ponzi ones) MUST not be in the hands of Nigerians with a society filled with scammers( the average Nigerian is one).
If online money trading too hungry Nigerians, there is the stock market. There is need for more participators. Some Stockbrokers now run things almost entirely online, you don't even need to visit their offices.
Check out meristem, a reputable, federal government accredited Stock brokerage firm with an online platform: meritrade, and you can trade by simply sending them an email. I'm not advertising for them but it seems many Nigerians may be unaware of this GOOD alternative. You see many Nigerians ignorantly sharing and advertising ponzi, compromised schemes ignorantly all in the name of investment.
Nigerians no go hear word until dem entire one chance with online scammers.
If anything, Nigerians/Africans steer clear from LUNO- na beg I beg una. Anyway, a word is enough for the wise

AnonPoet:
Why Nigeria BANNED Bitcoin - What you Should Know


https://www.youtube.com/watch?v=5KYJo7clwyQ

In this video, I discuss CBN’s (Central Bank of Nigeria’s) decision to ban cryptocurrency. In February of 2021, the CBN issued a letter stating that banks are prohibited from transactions with companies that deal In cryptocurrency. This has led to massive devastation and huge losses for businesses. This is my summary of the situation and my recommendations. What are your thoughts?

The First CBN Letter in 2017

The first circular on Cryptocurrency by the CBN was a letter in 2017 which they referred to cryptocurrency as Virtual Currencies. The concern of the CBN was that Crypto is untraceable, anonymous and hence can be used by criminals to launder money and finance terrorism.

The SEC Notes on CryptoCurrency

The SEC, which is the Security and Exchange Commission in Nigeria whose main duty is to regulate investments and securities in Nigeria called cryptocurrency an asset. A digital asset.

The “Ban” of Crypto Currency in 2021

All of that brings us to today, where the CBN issued a letter in February of 2021 that dealing in Bitcoin or any cryptocurrency for that matter by banks is prohibited or in other words, it’s been banned forbidden.
More “details” also came out about how the FBI tipped the CBN that some Nigerians were using bitcoin to target stimulus packages from the US and the west in bitcoin, this was on the front page of ThisDay Newspaper.

The Numbers

According to a Quartz article, Nigeria, in the last 5 years, Nigeria has traded over 60,000 bitcoin or 566 million dollars which is second only to the US on Paxful.

Not just that though, there was a report by Stears that Nigeria traded as high as $200 million dollars in Bitcoin per month aka over 95 billion Naira way more than the Nigerian Stock Exchange did in the span of 3 months in the 2nd quarter of 2020. That is crazy! The BuyCoins CEO on Medium stated that in Nigeria they traded more than $141 million dollars in 2020 alone, that’s over 67 billion Naira, similarly, BitSika on Twitter posted that they also transacted over $39 million dollars of which Nigerians deposited $18 million dollars, that’s a total of almost $200 million dollars in a year and that’s just 2 companies.

Why did the CBN Ban Crypto?

The CBN is most likely worried about 2 things, one is Fraud. Nigeria is kind of infamous for the word 419, there’s the case of the “yahoo boys”. The other is the reason which would have made CBN ban Bitcoin is the strain on foreign exchange. The CBN has been making a lot of moves to help the Naira and stop more US dollars from leaving Nigeria. So last year, they banned the use of dollars for food and fertilizer imports, they reduced the spending limit on many many Naira cards, I think the limit is like $100 per month

The Result So far (How we are Affected)

Immediately after that announcement was made, cryptocurrency companies like Quidax, BuyCoins, Binance, Patricia and the likes have issued similar statements. They mostly mentioned that now you cannot fund your account with Naira anymore. What this simply means is that Nigerians cannot buy Bitcoin with their Naira, which cuts off cryptocurrency exchange platforms so you would only have to trade with someone you know who already has bitcoin one on one.

Solution: Way Forward

Speaking of solutions. Going back to the roots of trading bitcoin by P2P or Peer to Peer trading with individuals on platforms that power it. Right now on almost all these platforms, you are able to send and receive bitcoin into your wallet so you’re covered. One major platform that works is Paxful. Also, If you’re a freelancer who mainly receives foreign exchange, or you still want to keep trading bitcoin and/or just want to secure your finances, work on creating a Domiciliary account in Nigeria.

What are your thoughts about what’s going on? Would you say the CBN was right by doing this? Could they have done something better? Just let me know what your thoughts are in the comments.

Juicethekid:
violent fool
you deserve beating

You are a very stupid Nigerian (a British Terrorist's product you are).

As your useless Nigerian government and media are killing our innocent citizens going to their normal businesses. We should do nothing abi

You are a slowpoke, looter, criminal, online bandit.

If the zoo like, let it shutdown all the banks in Biafraland.

Ban it from now till tomorrow you can't stop the future it's either in occur in your presence or absence (you go just die ni) anyway we Moveee

somehow:


When you could have simply used Google?

. Some people on some countries use Bitcoin for their transaction yet it is not an official legal tender. As long as it is not an official legal tender it is subject to ban as it is in a Nigeria.

[quote author=Freestainworld post=99438804] If you go to a place like roqqu.com, you can buy crypto's there, I make use of their site[ /quote]abeg Roqqu na scam! The most useless site ever created. They always duvert people's funds

They have no excuse

Globad:


Were you paid in naira?

Yes na, where them for pay am before. CBN are on their own.

With US current position.I don’t know the direction of that Bitcoin

grossintel:
Yes na, where them for pay am before. CBN are on their own.

Make CBN no go catch ya bank o

philchudi:


Stupidity at it's pick !!!

You're a big dunce!

The word is "Peak"!

LaserWr:

Na your papa go first jump into lagoon

Ya papa don already reach the bottom of the lagoon!

SonOfTheRisingS:


You are a very stupid Nigerian (a British Terrorist's product you are).

As your useless Nigerian government and media are killing our innocent citizens going to their normal businesses. We should do nothing abi

You are a slowpoke, looter, criminal, online bandit.

If the zoo like, let it shutdown all the banks in Biafraland.

senseless Biafran
Akpamu
onye aburu onu
violent goat
Nigeria still stands while Biafra falls like the wall of Jericho
your hopeless leader Nnamdi kanu can't stay in Igbo land instead he sent violent fools like you to the war front to die and waste away
son of a nasty bastard
you will wait for Biafra till you grow old and die it won't come
Ewu