afroxyz:


They are telling you latest developments in the finance world, you are quoting secondary school textbook. Arm chair theorist

Rickylambert:
Here is for ur meditation and reflection.
This is 2021.Achaic mofo

ibietela2:


FX is not only FOREX
Foreign currency to Naira exchange via bank transfer

Rilwayne001:


If you don't know that yahoo boys cash out most of the stimulus benefits through BTC, then you're quite ignorant what's going on, or maybe you're just feigning ignorance like your lots here.

Rubbiish:

https://news.bitcoin.com/report-bitcoin-overtakes-gold-in-the-u-s-as-the-4th-most-popular-investment-vehicle/

Bitcoin has overtaken Gold as the fourth most popular investment in america.

Our leaders are killing d future of this country & u people don't know?

joey150:
Truth be told, cryptocurrency, with its "anonymity', have given several unscrupulous scamming elements the propensity to scam unabated and without fear.

Having an unregulated and largely anonymous global currency might sound cool, but when you think of all the harm that 10% of the world population can and will do with it, it would greatly outnumber the benefits for the other 90%.

I know yahoo boys that have made a killing through scamming people, getting the funds converted into crypto and using one of the multiple exchanges here to withdraw their funds. A regular banking system would leave a paper trail that's easy to follow. Blockchain can be traced, but it's a very complex process that can be made even harder for those that can get around it.

We know some people are genuine crypto traders and have positive use for crypto. But the fear is, in a country like Nigeria, scammers will do the worst with it.

The government should rightfully be worried that millions of dollars that they cannot regulate, trace or control, is being syphoned in and out of this country via cryptocurrency.


Point of correction, cryptocurrency wasn't banned. The government cannot ban cryptocurrency because it's a digital currency. The government has only told exchanges that we cannot continue to allow you to exchange and covert naira to a digital coin that we have no direct control over.

It's a controversial decision, but given that politicians can launder money with it in seconds, yahoo boys can dupe with it in minutes and kidnappers can demand untraceable ransoms, you'll see why this extreme step may have been taken.

If your first response to this is afterall the politicians are already stealing, then you should seriously question your education. If one man gets away with murder, must we then use the excuse to pardon all murderers?

Rubbiish:

hewwttps://news.bitcoin.com/report-bitcoin-overtakes-gold-in-the-u-s-as-the-4th-most-popular-investment-vehicle/

Bitcoin has overtaken Gold as the fourth most popular investment in america.

Why una no get sense for this country??

ivolt:

Cite the relevant federal law that bans cryptocurrency in the US.
It is so illegal that the biggest crypto companies are registered in the US.

Dybala11:

You're wrong o, crypto currency is legal in the US. It's just that they don't treat it like a currency but rather like a property.

Hotice085:
.

All these DINDINRINs, ITKs that knows absolute natin but just wanna be talking and disgracing themselves all over the internet
Mr man plz don't open this lie lie mouth of yours ever again......

Logan23:


Crypto is just one way of receiving legit or fraud money online, There are thousands of ways to achieve same.

Receive sense pls.

Subzero047:



Which research did you do?

catice:
Lol

recievesense:


Its like there is something wrong in your head. Wetin concern me and your crypto?

OmoAkin85:
lol i trade forex and i use wire bank transfer still is working..so what are u talking

catice:
I will believe you if you tell me youre living in the US and be into crypto bro. If you have to report all your transactions to the IRS and the government. How legal Is that? It's legal in few states and illegal in most other states. No be one law dey govern US, it differs by states.

Logan23:


Shut up n receive sense mufu. U don go edit d stupid post u made.

recievesense:


I did not edit shit. It's still lol

Logan23:


Be quiet n receive sense...U edited it to lol

ivolt:

You are shifting the goal post.
You claim crypto is illegal in the US when the biggest crypto company in the world are US-based.
Illegal isn't just a word you throw around randomly.

Which states have made specific laws making crypto transactions illegal?

Whether you trade crypto or not, you have to file your taxes in the US. If filing taxes makes something illegal, then
all transactions in the US are potentially illegal since you are supposed to file taxes on them.

I have never traded crypto in the US but I know many who do and they have never been bothered.

Tesla just bought $1.5 billion bitcoins, guess the special thing they did to avoid trouble?
They just included it in their filing.

I am surprised that this is coming from someone supposedly living in the US.
America is a very free country as long as you pay your taxes and avoid criminal activities.

catice:
You didnt make any sense at all.

dre11:
•Christine Lagarde: Bitcoin facilitates questionable transactions

•Nigeria surged to second highest crypto destination in the world raking $200 to $300million a week without underlining economic activity, alarming the CBN

•FG alarmed kidnappers had switched to bitcoin for ransom payments



https://www.thisdaylive.com/index.php/2021/02/07/how-fbi-warned-fg-cbn-on-scammers-using-cryptocurrencies-to-defraud-the-west/