Rubbiish:

No need to panic
The world has gone digital
There are countless sites you change cryptos to other currency & even western union & PayPal & withdraw to your account.
But this seem like fake news, not even on CBN official twitter page.
The only way this can be effective na if they ban internet!

In India, they banned crypto.

Rather than complain.

Withdraw your crypto and send it through western union or world remit, do cash pickup and receive your money in dollars.

NiRfreak:
When you have wicked illiterate goats as leaders, why won't they frustrate citizens from making money through selling of digital currency on the internet market...then maybe it's better for one to kuku resort to fraud or yahooyahoo... Useless government.!!!!!!!

I don't understand the news please explain to me. My bank acct is link to luno wallet .
Will it get banned ?

Geopex:


Me just withdraw money from luno now and they have alert me within 2 minutes. So don't panic

Lol, panic ke? You quoted the wrong person. I was the one who was advising the other guy not to panic. You're the one who panicked, now you've taken your money out.

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.

I apologize for being part of those that encouraged people to vote for Buhari during the first election, I encouraged over 80 of my employees in Lagos to vote for him, I thought he was the messiah. I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

Thunder suppose fire you

You said it all bro
Na to move commot for this country be the way forward
Very soon dem go sey make we no trade forex again

E Don be for yahoo boys

lalasticlala:
CBN Shuts Down Cryptocurrency Exchange Bank Accounts

"February 5, 2021

LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS

The Central of Bank of Nigeria's (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs) and members of the pubic so the risk associated with transactions In crypto currency refers.

Father to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in crypto curencies or facilitating payments for cryptocurrency exchanges is prohibited. Accordingly, all DMBs.

NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating crypto currency exchanges within tier systemsand ensure that such accounts are closed immediately. Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect."

Osaretin Victor Asemota @asemota shared it on Twitter and wrote:



https://twitter.com/asemota/status/1357647685801676802

A Twitter user, Futurist @nathaniel_luz, reacted:


https://twitter.com/nathaniel_luz/status/1357648314016096256?s=19

MJBOLT:

most likely

dont say that man, u dont knw hw much i have put into Crypto, i no longer save money in the bank

thebosstrevor1:


In India, they banned crypto.

Rather than complain.

Withdraw your crypto and send it through western union or world remit, do cash pickup and receive your money in dollars.

Crypto is not banned in Indian o
They made a proposal to ban it in 2018, top exchangers in the country took them to court & won! They came up with another bill recently with exception to some coins, which is still under deliberation because they planning on creating their own national digital coin

Are you for real?

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.

Buzx:


Lol, panic ke? You quoted the wrong person. I was the one who was advising the other guy not to panic. You're the one who panicked, now you've taken your money out.

Omo i get enough rubbers for Litecoin, make i withdraw, because i de fear

Jerryherd:


Dude they ain't risking Nada, most Crypto company I know use online POS from stripes, or paystack this are buffer to their trading account

Last last NFIU or CBN don't have any means to separate cocoyam buyers from crypto currency buyers all transactions to all customers are treated the same way, CBN can't and won't question any transaction declared as cocoyam sales proceeds

Lol, you're bent on this cocoyam business. Tell me, is the business very feasible? I might be interested in it. Let's just agree to disagree concerning the CBN matter.

Durchmann:
Wow!
Let's watch.
I trust Nigerians.
There would always be another channel to do crypto.

when paxful is there.. They are just wasting their time

thebosstrevor1:


P2p are also done on exchanges.

If exchanges are stopped, how do you receive your money in your Nigerian bank account

Oga, do you know the meaning of P2P?

You are buying and selling to fellow individuals not through an exchange. Exchanges that have P2P options merely act as escrows. All initial trading of crypto in Nigeria was P2P. Individuals sell crypto to each other.

That's what will happen.

Wahala oooo Luno and patricia would be like WTF

Lagoon0:

I don't understand the news please explain to me. My bank acct is link to luno wallet .
Will it get banned ?

It won't....but the cryptocurrency enchange bank account, that is, the crypto companies that facilitate the buying and selling of cryto in Nigeria will be frustrated....

Rikidony:

Omo i get enough rubbers for Litecoin, make i withdraw, because i de fear

Baba no fear; no panic. If you withdraw now, dem con reverse the policy nko? Just wait, ground go clear

MrTemple:
This country is gradually crawling back.

Even when the country is not helping her citizens, they also want to stop us from helping ourselves!

God help us.

This is the worst part of it.. They dont want to grow and they dont want the citizens to grow either. I don't understand these leaders... May be they think esn is been funded with crypto. Which kind country be this... I just wan buy btc now and no payment option available for Nigerians. This country is vexing...

thebosstrevor1:


In India, they banned crypto.

Rather than complain.

Withdraw your crypto and send it through western union or world remit, do cash pickup and receive your money in dollars.

just use paxful

Since southerners are using it more and less northerners are into it

Why would you not expect such ban

VOTE FOR A COUNTY THAT WILL WORK

When you elect uninformed, poorly exposed, unteachable, and backward thinking octogenarians leading the nation, what else do you expect? Progress??! Lol...

Una never see anything for this country!

thebosstrevor1:


The sending all over to friends and relatives reduces the worth of the intial money because of various transfer fees

Not much. If there's a reduction, it won't be much. You can send the crypto to your brother, they charge you some transaction fee, your brother takes out the crypto and turns it into cash, and transfers the cash to you. It's a long process, but it's worth.

People like me, who have long term investment plan for crypto need not to panic as I don't need my cash now. I'm HODLing till it gets to the moon!

I can confirm this is fake news......

Geopex:



Can't u withdraw now . Me just withdraw 150k from luno now now oo.

please help me with just 2k to replace my laptop charger plz. 0060574626 access bank

Okoroawusa:

It will never be well with anybody that participated in ENDSARS protest directly or indirectly.

It will never be well with you the lover of oppressors

fake news

Buzx:


Lol, panic ke? You quoted the wrong person. I was the one who was advising the other guy not to panic. You're the one who panicked, now you've taken your money out.

U don't have idea of how much I have with luno, i withdraw the money to test if they will credit my bank acct . I have invested with a bank for yrs, highest interest i got from them is not up to 11k. So i decided to move my money to luno.

Geopex:



Can't u withdraw now . Me just withdraw 150k from luno now now oo.

I hope you don't regret this, this panic sale you just did.

softset:
I have always said it that this government is run by
I apologize for being part of those that encouraged people to vote for Buhari during the first election, I encouraged over 80 of my employees in Lagos to vote for him, I thought he was the messiah. I later realized that this man really has nothing much to offer. Someone that thinks today is Monday

You must be very stoopid!

Buhari who had antecedents from the '80s and you were warned is who you supported in 2015?

Idiot!

Godwin E is a pig!

Seeeker:



Youths are the backbone of endsars protest. Most youths in the south are either into Yahoo or legit online businesses. Yahoo guys receive monies in Bitcoin so that it won't be traceable. To cripple the vocal youths among us, weaken their flow of income.

Youths are no longer thinking of physical businesses. Everyone wants to become a millionaire overnight.

So because criminals do cryptos so you shut down all accounts that receive crypto’s. If that’s the case then what has the government done in addressing unemployment?i don’t support illegal business but it’s wrong to block the whole thing entirely

Geopex:

U don't have idea of how much I have with luno, i withdraw the money to test if they will credit my bank acct . I have invested with a bank for yrs, highest interest i got from them is not up to 11k. So i decided to move my money to luno.

It's good, the investment in crypto. It's not very wise to move all your money to crypto for easy liquidity.