Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,206,016 members, 7,994,437 topics. Date: Tuesday, 05 November 2024 at 01:24 PM

CBN: Why We Banned Cryptocurrency In Nigeria - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN: Why We Banned Cryptocurrency In Nigeria (61883 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)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Kennyking1234: 1:46am On Feb 08, 2021
While Elon musk be like:

2 Likes 2 Shares

Re: CBN: Why We Banned Cryptocurrency In Nigeria by shiloxman(m): 1:49am On Feb 08, 2021
grin


slawormiir:
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...
Re: CBN: Why We Banned Cryptocurrency In Nigeria by goldtube(m): 1:50am On Feb 08, 2021
CBN What has crypto done to these cows again But wait oh, how can u ban something you can’t control shocked

1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Kelvin30286063(m): 1:52am On Feb 08, 2021
They are just speaking big grammars, as if we don't know the simple English in the message they are passing. If you didn't bother to read then let me summarize for you. 'WE HAVE BLOCKED IT, DO YOUR WORSE'

2 Likes

Re: CBN: Why We Banned Cryptocurrency In Nigeria by IMAliyu(m): 1:54am On Feb 08, 2021
doxijaw:
Nigeria is a sovereign country, if they've decided to ban it, so be it.

As a law abiding citizen , i can only follow the law, i mightn't like it though .

It's pretty pointless crying all over the internet about the crypto ban, we have bigger issues as Nigerians.
Technically they didn't ban it.
They just banned the exchanges from receiving Naira deposits.

Ownership and
Person to person transactions are still ongoing.

11 Likes 3 Shares

Re: CBN: Why We Banned Cryptocurrency In Nigeria by afroxyz: 1:57am On Feb 08, 2021
cooooooks:
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.

My thoughts exactly. So Warren Buffett is the source of our policies? Yet Morgan Stanley and co are investing in crypto. They didnt see thay one ro emulate. What a country.

4 Likes 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by IMAliyu(m): 1:57am On Feb 08, 2021
Kennyking1234:
While Elon musk be like:
grin

1 Like

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Kennyking1234: 2:00am On Feb 08, 2021
IMAliyu:
grin
smiley The Guy's Twitter is amazing. He replace Trump as the most entertaining user.
Re: CBN: Why We Banned Cryptocurrency In Nigeria by jaxxy(m): 2:01am On Feb 08, 2021
Hmmm. CBN is clearly confused because of their true and hidden intentions.
Re: CBN: Why We Banned Cryptocurrency In Nigeria by vioment: 2:06am On Feb 08, 2021
I never see una backup plan or rules yet.


Some of us dey use am legit. No general plan for us.


For the USA, dem regulate am with intent of making am low priority. But they still dey run am. Wetin be cbn plan in this sector.



All the borrowing to share wey una dey do nko.
Borrow from rich countries to share among yourselves and share some crumbs with the traditional rulers.



I no dey against regulations, I dey against not having a plan of continuity or direction.

6 Likes 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Nobody: 2:10am On Feb 08, 2021
Backwards and Naive people
Re: CBN: Why We Banned Cryptocurrency In Nigeria by IamDavid(m): 2:15am On Feb 08, 2021
F
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Nobody: 2:27am On Feb 08, 2021
I thought one idiot once opened a thread saying that what CBN did wasn't banning. Foolish BMC zombies everywhere. angry

1 Like

Re: CBN: Why We Banned Cryptocurrency In Nigeria by 12inchess: 2:35am On Feb 08, 2021
You don't ban stuff like this. You watch and wait and see how things go and provide govt regulation and policy as things progress.. Tomorrow if crypto becomes a major means of exchange in a digital economy, Nigeria will now be left behind. It's like saying you're banning the internet because some people are using it for Yahoo yahoo.

The Warren Buffet wey una dey quote e go shock una if the guy dey by Crypto under g.

But what do you expect from a govt whose response to EndSARS was shooting youths.

Anyway me I don japa.

12 Likes 2 Shares

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Ratty404(m): 2:36am On Feb 08, 2021
Bill am boys Cash App boys !! Hahaha ...Hand work pay don't depend on someone else sweat...Atleast if one way Lock anoda one Open...
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Ayatullah(m): 2:37am On Feb 08, 2021
kktbm:
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

You know nothing and you are as dumb as Atiku Abubakar calling on CBN not to ban what has been BANNED since 2017.

Ask yourself how a currency that you have been told has a roll out limit is the future!

The only stupid thing CBN did that made it as dumb as you and Atiku was to be calling on banks NOW to close their cryptocurrency accounts knowing fully well it's been on since all these years.
Re: CBN: Why We Banned Cryptocurrency In Nigeria by RichAbujaGuy: 2:41am On Feb 08, 2021
IMAliyu:

Technically they didn't ban it.
They just banned the exchanges from receiving Naira deposits.

Ownership and
Person to person transactions are still ongoing.

Glad you took the time to break it down for the non reading, zero comprehension primary posters. wink

1 Like 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by MemoriesAndMe: 2:44am On Feb 08, 2021
cooooooks:
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.

All theyre saying is all lies. No country has ever succeeded in banning crypto currencies because it totally distrupts the existing norms. UK, Canada, US, China, Russia etc with all their advanced technologies have not been able to ban it, is it Nigeria that is still crawling that will start with the idea of banning the future the entire world has embraced?

From the onset, the crypto industry and government and banks know they can never work together. Banks and governments across the world have tried and failed. Is it Nigeria that is still stuck with the old ways of doing things that will change anything?

Even Mastercard and visa are now supporting crypto and some people are doing everything on crypto now, totally leaving the traditional ways Central Banks create aside.

Thank God Nigerians are one of the very few super smart sets of humans in the world today - all thanks to the cruel economy they created. Let them block bank accounts, that will make the dark web more popular among youths.

There is nothing illegal with crypto, theyre only calling it illegal because they can't understand it nor shut it down.
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Maski87: 3:04am On Feb 08, 2021
Dogo turenchi.
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Metrofox(m): 3:06am On Feb 08, 2021
doxijaw:
Nigeria is a sovereign country, if they've decided to ban it, so be it.

As a law abiding citizen , i can only follow the law, i mightn't like it though .

It's pretty pointless crying all over the internet about the crypto ban, we have bigger issues as Nigerians.

What is a bigger issue than the stoppage of $200million weekly forex inflow into a crumbled economy in a pandemic, we need better education in this country honestly.

1 Like 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Nobody: 3:08am On Feb 08, 2021
The stupid govt wants the youth to rely on 5k stipend monthly and tradermoni.

Mannabbqgrill is a bastard sha!

8 Likes 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by doxijaw: 3:12am On Feb 08, 2021
Metrofox:


What is a bigger issue than the stoppage of $200million weekly forex inflow into a crumbled economy in a pandemic, we need better education in this country honestly.

Are you saying I'm not educated? You must have missed my comments in the other crypto threads.

If they benefited from it, they wouldn't have bugded .

So as civil citizens all we can do is to comply , hopefully they'll come around
Re: CBN: Why We Banned Cryptocurrency In Nigeria by franklinnwaGOD(m): 3:19am On Feb 08, 2021
slawormiir:
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...

I weep for Nigeria. I weep for my Generation. I weep for my motherland.I asked will Nigeria ever see the light again? Sadly no one can hear me shout out.SADLY Nigeria has rap all my hopes and send it to the air as a burnt offering.
WEED UP BRO
Re: CBN: Why We Banned Cryptocurrency In Nigeria by GeneralPula: 3:26am On Feb 08, 2021
Genea:
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

The only reason why FG banned crypto is simply cuz they’ve discovered some politicians are now using it as a means to store stolen funds..
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Mayor101010(m): 3:39am On Feb 08, 2021
This government is one of the most wicked, hypocritical, devilish government in the world. You ban crypto currency exchange to continue to stifle the youths. They see crypto as threat they want keep the status-quo
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Adrian9(m): 3:54am On Feb 08, 2021
I hate Nigeria and all it stands for!
Re: CBN: Why We Banned Cryptocurrency In Nigeria by RexTramadol1: 3:55am On Feb 08, 2021
Problem ti gbogbo yin niyen
Re: CBN: Why We Banned Cryptocurrency In Nigeria by Theoutsider: 4:02am On Feb 08, 2021
warren buffet “gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner.

1 Like 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Nobody: 4:32am On Feb 08, 2021
afroxyz:


My thoughts exactly. So Warren Buffett is the source of our policies? Yet Morgan Stanley and co are investing in crypto. They didnt see thay one ro emulate. What a country.

The problem is tied to Nigeria being a single country. The population of the suffering youth is much. As Nigerians out of desperation and resilience learn how to break out of economic slavery by learning new technologies and deep thinking on new Ideas, the people on top have no any idea. Warren Buffett is their source of developmental ideas. They mentioned Christine Lagarde in the first CBN released statement .

On this post alone, CBN or government has about 10 accounts making foolish comments in support of the ban. Nigeria cannot run 24 hours economy. Most Industrial estates are partially dead. People are developing Global Virtual Economy, you want to monitor an inflow of $300 million weekly into the depressed Nigerian economy under Pandemic situation.

It is not internet complaints that will solve these problems, the youth must be determined to sacrifice to break this colonial imprisonment.

1 Like 1 Share

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Nicoddemus(m): 4:37am On Feb 08, 2021
Those niggas are making sense with the reasons they stated on cryptocurrency banning
Re: CBN: Why We Banned Cryptocurrency In Nigeria by shadeyinka(m): 4:46am On Feb 08, 2021
Officialhorlah:

https://dailypost.ng/2021/02/07/breaking-why-we-banned-cryptocurrency-in-nigeria-cbn/
In other words, CBN claims that it banned cryptocurrency for the protection of the financial investments of Nigerians due to its serious volatility.

These people can lie for Africa! Nigerians are not shocked again by any kind of lies vomitted by any government agencies. The spirit of lies has possessed them all from the top

2 Likes

Re: CBN: Why We Banned Cryptocurrency In Nigeria by Fragility6: 5:01am On Feb 08, 2021
wellmax:
If only people will listen to clear explanations like this and stop the band wagon criticism
Abeg point out one sensible point stated there and no start 2 fool urself by calling number 1 n 2.

2 Likes 1 Share

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others / We Are Investigating MMM Ponzi Scheme — EFCC / Spar Shopping Mall In Calabar Collapses, Customers Feared Trapped (Video)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 47
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.