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Nairaland Forum / Nairaland / General / Business / CBN: Why We Banned Cryptocurrency In Nigeria (61434 Views)
Breaking: CBN Lists Reasons It Banned Cryptocurrency In Nigeria / Can We Stop The Ignorance? CBN Did Not Ban Cryptocurrency In Nigeria / Aishah Ahmad: Profile Of The CBN Deputy Governor (2) (3) (4)
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CBN: Why We Banned Cryptocurrency In Nigeria by Officialhorlah(m): 12:22am On Feb 08, 2021 |
The Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist fromhttps://dailypost.ng/2021/02/07/breaking-why-we-banned-cryptocurrency-in-nigeria-cbn/ 15 Likes 5 Shares
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Re: CBN: Why We Banned Cryptocurrency In Nigeria by slawormiir: 12:44am On Feb 08, 2021 |
Damnnn niggarrrr mumu cbn.... perused through the article as I put on my intellectual cap to read between lines while blazing my weed....I must say this article is devoid and bereft of intellect and nous We go dey do Ptpt If you are a niggarrrr and you understand what I meant by ptpt then you must be a real niggarr... Light up my last tie of weed for the night as i return back to my huzzle and bombing...whether Nigeria government like it or not ....there will always be light and fire at the end of my weed while I puff from the other end All what this Nigeria government wants is for us to be young, dumb and broke.....we reject it... 440 Likes 41 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by JooEeL(m): 12:44am On Feb 08, 2021 |
Zoo talk for the gullibles. 46 Likes 7 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Kwamecron(m): 12:44am On Feb 08, 2021 |
Why? |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by yclick(m): 12:44am On Feb 08, 2021 |
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Re: CBN: Why We Banned Cryptocurrency In Nigeria by kktbm: 12:44am On Feb 08, 2021 |
We understand but, even USA, a country with high crime rate, home of fraudsters(if you know you know), also a better nation didn’t ban crypto. Cryptocurrency is the future Well what do I know ![]() 99 Likes 11 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Genea(f): 12:45am On Feb 08, 2021 |
Ludicrous, the truth is that FG don’t understand it and also because of wickedness. A govt whose officials asked if we store things in the cloud, what happens when it rains? Our govt has failed us, Buhari has failed us and to the youths, the time to japa is now. Naija is a failed state 168 Likes 20 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by chukemmang(m): 12:45am On Feb 08, 2021 |
Only a fool will believe that the Nigerian government will make any policy that will be in favour of the citizens of Nigeria. This buhari government are thieves. They have embezzled all pension funds. The sweat of all Nigerian workers. They now came to our money in the banks. They are starting with dormant accounts. When they finish stealing that one, they will now come to our normal accounts. They are angry that they cannot access our Cryptocurrency and can see a lot of Nigerians getting smart and converting their naira to crypto. So they now came with this deceit to deceive ignorant Nigerians to leave money in their bank accounts so that they can steal it. Yeye government. 230 Likes 17 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by GrandFinale2021(m): 12:45am On Feb 08, 2021 |
Ok |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by blackmaine: 12:46am On Feb 08, 2021 |
Ogah we still dey buy btc we no gree for this one 11 Likes 2 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by 1Alex: 12:46am On Feb 08, 2021 |
Okay |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by einsteine(m): 12:47am On Feb 08, 2021 |
Silly arguments. Have we banned 100 dollar bills even though that's the favourite way politicians store their loot? 91 Likes 3 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Thermodynamics(m): 12:47am On Feb 08, 2021 |
g |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by jericco1(m): 12:47am On Feb 08, 2021 |
Fools 4 Likes 1 Share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Thermodynamics(m): 12:47am On Feb 08, 2021 |
you banned crypto currency because Buhari told you to, in a bid to prevent people from sponsoring any future protest against bad governance and oppression. CBN is corrupt, they should stop speaking English, we are not kids, we already know the truth. 168 Likes 16 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by emmyniftyyem: 12:47am On Feb 08, 2021 |
I just wish this country will focus on more important issues than Cryptos that is helping several people to survive the high rate of inflation in the country. 35 Likes 1 Share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Dosoq(f): 12:47am On Feb 08, 2021 |
Naija I hail thee. Pls,who has heard about SAGE INVESTMENT?? It offers 50% interest after 3months . Want to know how legit it is to avoid stories that touch the heart�� Pls,if you have an idea,pls share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by ODJ124(m): 12:49am On Feb 08, 2021 |
![]() Occur... It will chaotic... Thread seen... 4 Likes 1 Share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by ajimotoke(m): 12:49am On Feb 08, 2021 |
They are still reacting on unespected funding of endsars protest, bunch of fools. Infact block our local currency, we will still look for other ways to fund ourselfs. 19 Likes 1 Share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Administration1: 12:49am On Feb 08, 2021 |
Na lie, na because them no dey settle 1 Like 1 Share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Binance(m): 12:49am On Feb 08, 2021 |
In my country Nigeria (no option), whatever the government can't control, steal and rubbish is "ILLEGAL" no matter what you say. 47 Likes 5 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by cooooooks(m): 12:49am On Feb 08, 2021 |
What do the statements of Warren Buffett & co have to do with CBN re-banning crypto? Is Warren Buffett or are the central bank governors of all those other countries our CBN governor? As for Canada, he lied. There are no restrictions on coin trading. You can buy BTC and ETH on investment apps. Just another confused policy that someone thought of in their dream. 114 Likes 12 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by fokudas: 12:50am On Feb 08, 2021 |
A government of wickedness and backwardness 28 Likes 2 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by jedisco(m): 12:50am On Feb 08, 2021 |
Seems they just regurgitated some overflogged and ignorant cons or crypt0 without equally examining the pros. Lets examine the reasons 1. Banned in other countries- definitely not in Canada. Even with the ban in China, 70% of bitc0in is mined in China. As per the remaining countries- their names speak for themselves. How about the US, Canada, UK etc who aloow it to be traded freely even by their banks? You can buy crypt0 from the bank app of some Western banks 2. WB- hehe. See what a central bank is saying. Hope they also asked him what he thinks of multiple exchange rates, paying fuel subsidy and giving scarce forex at a discount to those going on pilgrimage to spend in other countries. Also, how about asking him what he thought of current internet giants like Amazon, google e.t.c.. and why its not banned in his country. We should also ask Lord Lugard since we're asking dinosaurs 3. Andrew Bailey's speech- Bank of England Gov. Folks pls spare a minute and read his view on the crypt0 space. It critically examines it all, pros and cons and how they regulate the sector. No wonder they colonised Nigeria. https://www.bankofengland.co.uk/speech/2020/andrew-bailey-speech-on-the-future-of-cryptocurrencies-and-stablecoins 4. 'Reports' on kidnapping, terrorism... This is so basic there is nothing to say. Lets hope the ban will stop herdsmen from kidnapping and pillaging the country. 5. Central bank backed digital currencies- the name variant means nothing. Whether its called crypt0 or central bank currency. The underlying tech is thesame. 6. Protect the youths- lol... This is the only time Nigeria wants to protect her youths more than the EU, UK, USA, Canada e.t.c... good protectors indeed. 7. Volatility- The volatility in the US stock market last year has made that of crypt0 look like a joke. Guess they should end their stock market to. 8. Legal tender- Bitc0in was never meant to replace fiat or be a legal tender. Countries can make fiat banking on thesame tech but bitc0in remains a store of value not a legal tender. Never thought I'd say this but I'm ashamed of CBN and Nigeria. Those in the sector know this does nothing. It only makes what is a simple process in other countries more complex here as usual. Today, Asia (China) does the mining, the West own the exchanges, Africans are excluding themselves. Tomorrow, they'd say digital currencies were made to impoverish Africans. It's February 2021. lets see how this decision will age. 153 Likes 21 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by nonoski: 12:50am On Feb 08, 2021 |
ok |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Randerl: 12:51am On Feb 08, 2021 |
Officialhorlah: Just normal day govt grammar & hogwash. 9 Likes 2 Shares
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Re: CBN: Why We Banned Cryptocurrency In Nigeria by wellmax(m): 12:51am On Feb 08, 2021 |
If only people will listen to clear explanations like this and stop the band wagon criticism 16 Likes 1 Share |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by brainhgeek(m): 12:52am On Feb 08, 2021 |
Apart from Canada, the only American country on the list, other countries are Asian. Warren Buffett referenced it and so what? When has he become the litmus test for our actions. Mr. Buffett is just a decimal of the world's richest,many of whom have said nothing about cryptocurrency. This government is the most devilish and most scandalous ever. You banned sending of money from Nigeria , now you are banning non-crime businesses online because it generates no fund for you? 40 Likes 4 Shares |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by SouthWestBlood(m): 12:53am On Feb 08, 2021 |
Total hogwash. |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Nobody: 12:53am On Feb 08, 2021 |
CBN, I am grateful for this enlightenment o. Gracias. Now, I know better and can invest more wisely. Atiku, over to you. ![]() 3 Likes |
Re: CBN: Why We Banned Cryptocurrency In Nigeria by savageyoungboy(m): 12:53am On Feb 08, 2021 |
Jesus! See the long text with many big big grammar. They are trying to make a point but I don't seem to be getting it God bless Pulse I finally understand it Please I'm asking for a friend Naira and BTC which is more stable? 8 Likes 2 Shares
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