Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,193,460 members, 7,950,994 topics. Date: Tuesday, 17 September 2024 at 08:18 AM |
Nairaland Forum / Nairaland / General / Business / Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries (962 Views)
FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga / Why Are Nigerian Banks Not Using The Credit Card System Like Other Countries? / Dangote: Our Cement Price Is Lower In Nigeria Than Other Countries (2) (3) (4)
Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 11:39pm On Feb 10, 2021 |
Nigeria is not the first country to ban Crypto, checkout 6 other countries where it is illegal O Following the news that was released by the Central Bank of Nigeria on February 5, 2021 instructing banks to stop accepting cryptocurrency exchanges and to freeze the accounts of crypto traders. Nigeria is not the country where cryptocurrencies are not accepted, despite being the biggest contry in Africa with the population of over 180million people, Nigeria is not the first country to place a ban on cryptocurrencies. Checkout six other countries where Digital Currencies are not accepted. Morocco The North African foreign exchange office does not allow the use of cryptocurrencies for business in the country. Any citizen caught buying and selling digital asses in Morocco will be fined. Iran Banks and financial institutions were prohibited from the buying and selling of virtual currencies by the Iranian Government in 2018. Nepal Bitcoin and other digital assets became illegal in Nepal in 2017. After the Ban, citizens were arrested for buying and selling Bitcoin in the country. Bolivia The Central Bank of Bolivia placed a ban on Bitcoin and other virtual assets that are not controlled by the states, regions and economic are in 2014. Bolivian government said the ban will help protect the country's economy. Ecuador Buying and selling of Cryptocurrencies through the internet is highly prohibited by the Central Bank of Ecuador and Ecuadorean government, therefore the use of virtual currencies is not accepted as a means of payment in the country. China In 2017, The people's Bank Of China placed a ban on all virtual currencies in the country. http:///s7e419f16210207en_ng?client=newslite 2 Likes 2 Shares |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by SamgoldBaba: 5:43am On Feb 11, 2021 |
Can we now justify Nigeria for banning it? |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 6:49am On Feb 11, 2021 |
SamgoldBaba: information 3 Likes |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by SamgoldBaba: 9:33am On Feb 11, 2021 |
InvestingExpert:ok 1 Like |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 10:26am On Feb 11, 2021 |
yh just did for the purpose of passing information |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Phred1717: 11:56am On Feb 11, 2021 |
Imagine the kind of country you're comparing to Nigeria.. Apart from China that have a different system of government that look at its people welfare in way. Nigeria should never be in this class 1 Like |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 7:55am On Feb 12, 2021 |
SamgoldBaba:Actually that's a good question I have no answer to. Can we justify Nigeria for banning crypto 1 Like |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 7:56am On Feb 12, 2021 |
I can actually make a post out of these |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Upworkwriter007(f): 8:50am On Feb 12, 2021 |
China did not ban crypto. They restricted the use, but did not ban it. |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 8:54am On Feb 12, 2021 |
Upworkwriter007: ok sir so what is the difference between restrict use and banning something 1 Like |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Upworkwriter007(f): 9:18am On Feb 12, 2021 |
InvestingExpert:Very different sir. You can trade crypto in China, but it cannot be used as a replacement to its currency. This means that you can't use it to purchase goods.....In fact, a little research shows that you can buy and sell crypto in Ecuador. Apparently, Nigeria has one of the tightest restriction on crypto. |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by dake40(m): 9:20am On Feb 12, 2021 |
InvestingExpert: It would be nice to do thorough research to avoid misleading people. China is still among the top countries with highest number of Crypto hodlers till date. Banning and restricting are not same man. When Something is banned, it becomes illegal, not allowed, Restricting Something is allowed, but limited to it. Cryptocurrency is not banned but restricted in almost all the countries you listed including Nigeria. The reason is not far fetched. 1 Like |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 9:46am On Feb 12, 2021 |
Upworkwriter007: ok so crypto is not banned in nigeria, only restricted based on what you said. am I correct? |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 9:49am On Feb 12, 2021 |
dake40: ok man thanks for the contribution so it means crypto is not banned in these countries, only put on heavy restrictions am l correct? |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by dake40(m): 9:56am On Feb 12, 2021 |
InvestingExpert: Yes sir |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 10:03am On Feb 12, 2021 |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 9:14am On Feb 13, 2021 |
nice |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Nobody: 10:25am On Feb 13, 2021 |
they banned it because of illiteracy |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Kobicove(m): 11:02am On Feb 13, 2021 |
InvestingExpert: Nigeria did not ban crypto, she merely restricted access to it 1 Like |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 4:54pm On Feb 13, 2021 |
Kobicove:ok man thanks for the information |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by PARADIZEPRIEST: 5:43pm On Feb 13, 2021 |
JUST LIKE THE NAME CRYPTO IS VERY CRIPPY AND CAN CRIPPLE... STOP IT NOW. |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 6:33pm On Feb 13, 2021 |
PARADIZEPRIEST: funny though but with will clear of you can explains how it can cripple |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by africatv: 6:02pm On Feb 27, 2021 |
Iran’s parliament determined to expand ties with Africa: Official Iran is determined to strengthen cooperation between the Islamic Republic and Africa, a special aide to the head of Iran’s Parliament says. http://en.hausatv.com/news/content/23970 |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 12:17am On Mar 31, 2021 |
ok |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 11:06am On Apr 02, 2021 |
but nigeria is shutting down bank accounts involved in crpto how far can this go |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Nobody: 11:14am On Apr 02, 2021 |
Phred1717:Iran and Nepal are many years Ahead of Nigeria in terms of development |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by InvestingExpert(m): 11:32am On Apr 12, 2021 |
Good morning |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Upworkwriter007(f): 8:03am On May 19, 2021 |
InvestingExpert:YH. |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Konquest: 1:44am On Feb 22 |
InvestingExpert:Bump. 1 Like 2 Shares |
Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by stubsamm: 2:41am On Feb 22 |
Join this Channel for free Trading Signals & Tutorial Daily https:///Fxlondonsignals_001 |
(1) (Reply)
What Business Can I Start With A Capital Of 20k / Fish Farming / The Best Online Business Targetting Nigerians
(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. 5 |