SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

Ur sense dey ur anus? Who wan store money for naira wey dey fall anyhow.

Its only the wicked that supports wicked government policies. Just imagine for a second that those resident zom.bies here in nairaland find themselves in the corridors of power, they will do a lot worst than this present government. I believe they are cooking something and want to subject Nigerians to poverty and hunger so as to buy them off with little crumbs. Smh

Ottyn01:
This Government is just making life hard for the youth

Am tired

When we warned the youth of negative effect of Buhari coming, they said even if he had NEPA certificate, they dont care but they want change, which has moved to the next level.

Am just tired of this useless country

Banks are scared.. People no longer save in bank account. Fiat might go extinct in the next century.

Biko will investors have access to their money?

Useless country

thebosstrevor1:


Btw, yahoo boys will not be happy

So should we now stop putting doors in our house because thieves break through there?

confirm!

seankafor:
They don't want us to win


So we win more

Vistra40:


With all due respect sir, I advice that you shut your mouth!!!for you have no atom of dignity

They want to keep us perpetually poor......... They don't care about us.


They always find a way to block everything that benefits the people.

Na wa oh. Wahala be like boxers

Shameful

paulolee:
nooo naaa...i thought crypto currency is taking over...as an economist I'll surely analyse short run n long run reasons for this new policy..
I would like to know how positively it would improve d monetary policy of our economy and alos the effect it would have on our already weakened naira currency...

This policy will only reaffirm the CBNs control over monetary policy. In the short run(if there are no alternate route for crypto users) it will lead to an increase in FX liquidity as most transactions will pass through the official route.
Virtual cards and PayPal can be used.

guys pls hold on, what does this mean, is it that all my money i invest in Luno, Roqqu, Binance and Abitrader is gone and i cant withdraw back my money, because I'm not understanding..

this government is a specialist in poverty policies and decisions, experts in failure

They sha want to kill Nigerians

Chai. This govt is just useless. Which kind of wahala is this one. See as many the hustle they have come with their useless policy to stop it. I'm sure they must have noticed that inflow of money to crypto exchange was high.
No wahala, there is always a way around.

exactly

lilmax:
Naija will frustrate you even when it's not giving you money

SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

The fact that Nigerians are the second highest investors in Crypto after America shows we are doing it wrong ...

SmartPolician:
There's nothing like going back to the Stone age.

Every government wants to control all the financial activities happening its jurisdiction.

The government through the CBN is flushing out cryptocurrencies because it is decentralized, so there's no room for third-party interference.

Besides, much of the illegal transactions on the dark web are paid for using cryptos because crypto-asset transactions are untraceable.

Exactly. Crypto is a threat to CBN, forex, stocks, bonds and other traditional financial institutions.
Criminals like drug barons also use crypto for money laundry.
If crypto overshadows traditional financial institutions, CBN will not able to make effective monetary and financial regulatory policy.
Also, wef with other world financial organisations is planning for great reset of currency. I do not know the detail.

SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

May you and your fam die poor. This is a poot mans reasoning. A wicked poor human

SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

Perfect.

Pls does this affect bitcoin too?, l have 2 bit coin.

Nigeria is the worst place to be in in these modern times.
Yes we have a banking system and that banking system regulates financial flow and economy.
Most countries that are saying crypto is illegal are going behind it and backing it up. even up to the extent of it been on world exchange market.
Crypto currency I believe even though its an easier approach to hidding criminal activites is still a major economic relief to Nigerians and especialy Small busineses.

Banks extrort from investors and its customers with the whole BVN stuff, NIN, SMS charges, VAT, etc....
Banks know that the moment they allow full fledged ditigal currencies and a system like Crypto that nobody regulates, it will cripple the banking system and they will no longer thrive because people like myself will rather collect payment through bitcoin and withdraw via same instead of using a banking system that will charge me for every transaction and even want to put me in a mortage situation.


I sincerely support crypto for SME's and other startups.

Father I am just tired of this so called Nigeria. Why are other countries moving upward and forward but Nigeria is going downward and backward.

Benjaniblinks:

Can someone please explain the English above

Its called fake news. They want cbn to deny it. But they wont say anything.

Nigerians would find another way I trust my people.....
Na to send my BTC to my brothers outside to sell and wire me my money....

This is to almajirise same people they used quota system to deny decent jobs in NNPC,FIRS, CBN & so many others.
Wickedness, nothing but wickedness.
Their evil policies of systemic hunger + poverty will consume them.Wicked people!

Not even satan can make me forsake JESUS CHRIST.

softset:
I have always said it that this government is run by insane people. How could you just wake up and make such a decision?

I won't blame them, next election, if you like collect 5000 you will get worse treatment.

Look at NIN, some idiot just woke up and made a decision without putting lots of things into consideration, so I arrive Nigeria now with no way to get a phone number. Many government decisions are never thought through.

We deserve better than what we are getting, Nigerians are smart people, we should never settle for less , mediocrity should not be an option when choosing leaders

The irony of it all is that,we don't Choose our leaders they are selected by the ruling class, your vote does not count.
Nigerians go suffer tey

E DUN FINISH O ! OUR ONLY HOPE IS A DIFFERENT PERSON WITH A DIFFERENT MINDSET RULING THIS COUNTRY, THAT, OR JAPA-ING FROM NIGERIA.