In this video, Tech YouTuber, Fisayo Fosudo shares the updates to the cryptocurrency ban in Nigeria as well as statements from the Central Bank (CBN) Governor,
the Vice President and Analysts on thoughts and policies put in place to help Nigeria gain more foreign exchange remittances.
We also see how has the cryptocurrency ban affected everyday Nigerians. Has the cryptocurrency ban affected you? Comment below how!


https://www.youtube.com/watch?v=pPTlXKRRzGY

I trade crypto and my account still dy kampe

My account is still good

Only in Nigeria

Developing countries and A-list financial institutions are adopting crypto as a legit method of payment.

PS: Looking to assemble a team of trainable Cybersecurity folks by the way. Just 6! Holla for business.

Make we hear

Trash

Noo...but did they actually block peoples acc

Is anyone mining in Nigeria, how can i get cheap mining cards

All are ideas from our beloved star-boy.

People dont mention narration in the bank details anymore. One thing that still irks me is that Nigeria now turn POS into a money withdrawing machine as against cashless policy it was supposed to usher in. Who do us like this? I have laptop powerbank/ external battery for sale, between 10 to 24 hours guaranteed. Nigeria we hail thee

To hell with the useless backward poverty promoting government. I say to hell with them.

Mbanu! It wasn't. Thought the earlier ban on crypto was reversed.

Can they actually ban it!? This one is beyond them...

Cryptocurrency that the world has long embraced as legit business is what our government is scrutinizing as if it another criminal venture.

Nope

Nairaland Forum Rule 16

16. Don't promote shady investments like betting, HYIP, MLM, FOREX, binary options, and cryptocurrencies on Nairaland.

How come we are just seeing this in recent times?

Ayodejioak:
Only in Nigeria

Countries and even financial institutions are adopting crypto as a legit method of payment.

Looking to assemble a team of trainable Cybersecurity folks by the way. Just 6! Holla if interested.

Racoon:
Cryptocurrency that the world has long embraced is what our government is scrutinizing as if it another criminal venture.

Please mention just 5 countries in the world that have adopted cryptocurrency as legal tender

AirBay:
I trade crypto and my account still dy kampe

My account is still good

Morning bro, how do you buy crypto these days? Is it P2P?

Reversed? It wasn't reversed. The ban is on. You can't trade crypto with Nigeria accounts

ngadaAwo:
Osubanjo is a vagabond criminal useless pasta bribe eating scumbag pretentious bastard

I rather support Buhari for life president than support that criminal.

Come 2023 it's North forever.

Tinubu is a cocaine drug dealing vagabond.

the easiest way of Apc loosing Power is giving that criminal pasta or cocaine boss Tinubu ticket.

SE will vote north
SS will vote north
all northern state will vote north
none Tinubu urchins will vote anyone but Tinubu or his puppet pasta

kiss the truth

bitterness in your blood , take it easy

P2P is bae....the best thing that happened to me during the lock down was crypto gifts from my WhiteBoard Animation Customers.
If you are a youth and yet to actively earn online with foreign currencies or crypto then you are missing in action.
BITCOINCASH is the new rave of the moment.
I have youths that learnt how to earn online from me and they require to be paid their $50, $80,$300 in BITCOINCASH!!!
That way they also use it to leverage in FOREX TRADES hereby making extra $30 - $70 Dollars daily under my tutelage.
Proactivity Leads To Productivity!!!
@Seniorwriter

I used luno alot back then it was known as BITX, later remitano and binance took over. My accounts are still intact

Racoon:
Cryptocurrency that the world has long embraced is what our government is scrutinizing as if it another criminal venture.

the tormentor of Apc bastards and Tinubu urchins
the terror of Simplyleo
the nightmare of
and the headache of omenka

we dey your back kampe

keep killing them with the truth
dem go get sense by force

No

Is it true that vulture Emefiele got the advise to ban cryptocurrency in Nigeria from one drunk in his village? Thats what we heard. Why make CBN impose the village drunk's advise on the nation if you're not drunk too?

Even Mastercard and Visa are adopting crypto technologies now, backward CBN outrightly banned the thing ni sha, returning Nigeria back to stone-age.

An average 20 year old in Canada, UK, Europe and the US etc that taps into crypto can make a living off it, they want our 40 year olds in Nigeria to be drivers, conductors, laborers, touts, truck pushers etc by restricting them access to whats available to the rest of the world. Regardless of if they're graduates or not? Thunder fire una policies.
I dont blame them, when EFCC and police automatically calls anyone with a laptop a yahoo boy, why won't CBN call anyone that transacts in crypto a kidnapper?
Why fight a technology you have no power over? The policy is even dead on arrival because crypto transactions still happen daily in Nigeria via p2p that vulture Emefiele cant figure out yet. Mumu man.

You are only limiting Nigerians from opportunities available to the rest of the world. Crypto is here to stay, even Kenyan government promotes it. Is it by force to store your assets in the failed Naira?

Countries that have issued their own cryptocurrencies include Ecuador, China, Senegal, Singapore, Tunisia, with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies.
Our own mumu CBN and mumu Emefiele just ban the thing ni sha and started asking what is bitcoin after banning it. How stupid is that? The idiot says kidnappers use it, as if kidnappers don't use naira. All the money they paid bandits and terrorists, are those bitcoins or naira?

Even the US Federal reserves knows it can't outrightly ban cryptocurrency and rather regulates it, our wack CBN just woke up one day and started blocking everyone's account. The vice president warned, rather they still block accounts while "their IT department investigates". What the hell is the wack IT department still investigating in 2021 in a technology that has been embraced by the rest of the world since 2009?

So if one of the ways banks identify crypto transactions and block accounts is because its has "crypto" or "bitcoin" in its description, if anyone wants to shut down the entire financial system in Nigeria, its simply very easy!!! Just transfer N20 to as many random bank accounts in Nigeria with "Crypto" or "bitcoin" boldly written on the description. Starting with senators, house of reps,, governors, ministers and other politicians, ministries, states accounts etc.
By the time they close all the politicians, ministries and states accounts for "illegal crypto transactions", they will realize they are very stupid for this policy. When politicians can't receive salaries and allowee anymore, their eyes will turn red and they will ask vulture Emefiele how far.

In fact, lets even send the N20 crypto money to Emefiele's account and see how uglier he looks when his bank closes his account for "illegal crypto trading". Chai, e go pain that ugly man when alert no gree sound again. Thats when he will hate his own policy when the thing pain am. Mumu man, making mumu policies for over 200 million wise Nigerians.

By the time they block everybody's account lets see if that will not shut down the banking system when banks spend more time providing explanations to everybody instead of doing business. All from this stupid Emefiele's policy.

Evii:


Morning bro, how do you buy crypto these days? Is it P2P?

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