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Nairaland Forum / Nairaland / General / Business / Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN (55333 Views)
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Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Jdaughter(f): 6:49pm On Mar 20, 2021 |
StreetFight: Isn't too wrong to just conclude on people you don't even know? How is Emefiele my brother if I may ask? 1 Like |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by odysey: 6:52pm On Mar 20, 2021 |
AdmiralEmmy: Can we now buy crypto with our bank cards |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Bluntemperor: 6:57pm On Mar 20, 2021 |
berrystunn: They came back to deny after the VP Osinbajo called them to order Our CBN should be forward looking as far as financial matters are concerned! Dollars will stay for a long time but there are other Currencies that the World will be using as supporting instruments of paymentshe since the world itself is changing! CBN should be pro-active without any polical undertones. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by hermesprogidy(m): 7:28pm On Mar 20, 2021 |
joey150:That's a quasi ban. It's like telling me i can buy a car, but can't drive it. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by joey150(m): 7:31pm On Mar 20, 2021 |
hermesprogidy:No it isn't. It's like saying, you can buy a car, but just don't drive it in any official road. You still have bushes, forests, off-trails, villages and the desert to drive it in. 6 Likes |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by hermesprogidy(m): 7:32pm On Mar 20, 2021 |
Never4getU:Osinbajo won nothing, you still can't move cryptos to fiat unless through P2P. CBN dullard didn't say anything different, nothing changed. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by hermesprogidy(m): 7:33pm On Mar 20, 2021 |
joey150:Can you now convert cryptos to fiat through your bank account unless through P2P? |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by hermesprogidy(m): 7:35pm On Mar 20, 2021 |
joey150:You are making my point. That's why it's a quasi ban. Unless you misconstrued the meaning of quasi. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by nextstep(m): 7:49pm On Mar 20, 2021 |
"The CBN did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector." I have to admit I'm still confused: if I can't use any banking platform to make transactions into or out of a crypto account, how do I trade? 1 Like |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by joey150(m): 7:51pm On Mar 20, 2021 |
hermesprogidy: Oh yes, I see your point. But there are ways around it. If you're keen enough to drive that car. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by focus7: 7:53pm On Mar 20, 2021 |
The current CBN governor is the most daft of all the CBN governor ever in Nigeria |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by yommen: 7:53pm On Mar 20, 2021 |
AdmiralEmmy: They haven't, actually. They are only trying to twist things. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by spacechuks(m): 8:36pm On Mar 20, 2021 |
CONFUSED SET OF PPL IN APC |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by TSBO: 8:36pm On Mar 20, 2021 |
Read people read.. Disallowed in the banking sector does not mean totally banned. If you have, no problem. if you are able to purchase, no problem (how you pay for it is left to you but "apparently" won't be through a Nigerian bank) It's similar to how some items are banned from the official FX market but not banned from imports or purchase. In such cases people buy FX from the parallel market to fund such transactions. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Awesome007(m): 8:38pm On Mar 20, 2021 |
Same old story � |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Nobody: 8:41pm On Mar 20, 2021 |
Britishcoins:In a lay man's term, can BeeTeeCee be converted to cash and sent to a bank account? Cos am not understanding this Government again ooo |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Basher8583: 8:42pm On Mar 20, 2021 |
merits: Lazy youth. You seem to be the olodo because it appears you cant read nor comprehend CBNs position which has not changed but only reiterated.
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Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by merits(m): 8:42pm On Mar 20, 2021 |
Basher8583:U 2
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Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by mojoyin73585: 8:48pm On Mar 20, 2021 |
Same old story � |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by PedroWealth2: 8:55pm On Mar 20, 2021 |
AdmiralEmmy: Don’t be fooled nothing has actually changed! Check the links below on how trade crypto without getting banned by CBN https://www.youtube.com/watch?v=vYADFHhSX5A |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by bizzibodi(m): 9:06pm On Mar 20, 2021 |
Do Nigerian banks even bizness transact in crypto?This is d most dumbest CBN gorbanor I have ever seen alive. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by ud4u: 9:20pm On Mar 20, 2021 |
Thank God |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by CzarChris(m): 10:42pm On Mar 20, 2021 |
donbachi:You deserve an award for this. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by wpadmin: 11:14pm On Mar 20, 2021 |
AAA593: Nna help us ask them oo 1 Like |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Cargoed: 11:58pm On Mar 20, 2021 |
CBn did the right thing, when you consider how reckless our local banks can be. 1)A crypto exchange going down can cause systemic failure in the banking system making CBN and even Amcon to bail out. 2)Exchanges began to fix their own naira rate and round tripping was encouraged. 3)A local bank can hold Crypto as part off it's assets , if or when it drops/corrects 80% what kind of shock do you think that will cause in a financial year. 4)Banks can't be made responsible for P2p transactions. 5)Crypto was killing Fintech and even micro finance banks. 6) Satoshi Designed BTC in such a way that CBNs will have no choice but to ban it. 7) KYC and AML issues. Is the central banks job to first protect National Currency and banking institutions first or Encourage such innovation at all costs. 9) The Naira is currently backed by Oil not btc. 10) The CBNs gov tenor is 8yrs at Max not 2145 when the last Bitcoin. Will be mined. If you are the CBN Gov with all these revelation. Would you not ban it immediately. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by calcal: 12:04am On Mar 21, 2021 |
You guys should know that NO government on this earth wants this crypto. It is a way of printing money by anyone, getting reach overnight without owning a refinery. drizslim: |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Ahasco(m): 2:38am On Mar 21, 2021 |
So what's the difference |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by epadomo(m): 3:42am On Mar 21, 2021 |
please how can I get involve in this cryptocurrency. I want to start investing in it too. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by Jeffy1206(m): 4:05am On Mar 21, 2021 |
So what of the blocking of the accounts of people involved? confuse people as leaders. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by hermesprogidy(m): 7:41am On Mar 21, 2021 |
joey150:Sure. |
Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by hermesprogidy(m): 7:45am On Mar 21, 2021 |
Jeffy1206:No account has been blocked. Crypto exchanges will simply not allow you deposit or withdraw naira. |
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