Nigeria is in a Doom, Nigerians are been ruled by bunch of Devil’s since 1960. “The noise caused by the CBN policy is a confirmation that there is something fishy about the modus operandi of cryptos in Nigeria. CBN’s director of banking supervision Bello Hassan in a circular said cryptocurrencies are “issued by unknown and unregulated entities”. It simply infers that crypto traders in Nigeria may not be able to make payments to exchanges directly from Nigerian banks. Follow us The Senate of Nigeria has summoned the CBN governor to explain the decision to ban cryptocurrency. This will be more than endsars protest. 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Every year there is a new Policy to destroy the Youths, Several companies run on Crypto will be destroyed, online transactions will be ruined & this gives Orgasm to CBN & Emefiele. Our government doesn’t have order on CryptoCurrency..U know how much exchangers and banks are making on every transaction… Even when the State secretary Cause the pump down of Bitcoin last month… When she saw how their economy went down. But I say as a voice of our generation, all their plans would be futile…, Nigeria government just like backwardness may God have mercy on us, what ever they want.they should do but they cannot stop us wicked government. I don’t even know where to start. What do you gain seeing the Nigerian youth in pains?? This is TalknLive as always on the All you Need to Know on ANG giving you the Full guideline on how to bye pass their threats and their ban. You kill, you get arrested. Catch all the Scoop on www.bellanaija.com Published 24 March 2021. Are they really humans?? #wewantourcryptoback. A trained strategist. This declaration was made by the governor of the apex bank, Godwin Emefiele in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank. So, how does this ban affect crypto traders in Nigeria? It is clear, our govt is daft. This site uses Akismet to reduce spam. On the 5th of February 2021, the Central Bank of Nigeria (CBN) 1 released a letter addressed to banks and other financial institutions which stated that dealing in cryptocurrencies and facilitating payment for cryptocurrency exchanges are prohibited. People will move volumes of crypto & #BTC in hard drives & cold chain storage. besides its our money not government money….. You’re doing well Will you keep choking us till our last breath? It’s just shocking the so government concern themselves with crypto when there are other things to be concerned about. By Muhaimin Olowoporoku The Nigerian Senate on Thursday summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele over ban on use of cryptocurrency in the country. They’re always amazed at how young people of our generation make it without much stress unlike their own generation. We seek for development yet we are running away from it. Buhari allow Nigerian youths to breath in peace. On February 5, 2021, Nigeria, through its central bank banned the use of cryptocurrency and offenders to face grave penalties due to the perceived dangers to both end-users and the country. We all know the real reason behind this. — Ayemojubar (@ayemojubar) February 5, 2021. No security No good road Opinion. Di 5 February, 2021 Nigerian cryptocurrency ban wey Central Bank of Nigeria [CBN] announce, be like follow up to di CBN circular on 28 February, 2018. I am done with this shit hole. All I know is that, it is their loss. 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According to the circular, the ban was to forestall illegal activities. The bank said this in a statement on Friday. !#WeWantOurCryptoBack, — O.N.Y.E.K.A.C.H.I (@NwabuwaV) February 5, 2021. ?#wewantourcryptoback@cenbank @MBuhari @nassnigeria @ProfOsinbajo, — King Leo Shorlex™ (@awoniyishola) February 5, 2021. In February 2021, the apex bank issued a circular to commercial banks, directing them to close all bank accounts linked with crypto trading. That is the only right way of getting rich in this country. God is seeing them! — Fairly used boyfriend (@brysonadahcole) February 5, 2021, We are the leaders of tomorrow but they are trying to kill everything that is left in our tomorrow… The stupid rules about crypto shows how greedy and dumb this country and people ruling it is! This is so disheartening. — Olawale Adetula (@thetoolsman) February 5, 2021. In a letter dated 5 February 2021, the Nigerian government through its apex bank – the Central Bank of Nigeria (“CBN”) – clamped down on cryptocurrencies in Nigeria. This website uses cookies to improve your experience. Pls join #wewantourcrypoback. Read More. Kindly share this story: Opinion. (@isiomanb) February 5, 2021. The CBN directive to ban Crypto transactions is outrageous. This has sparked huge contentions among experts, operators and speculators alike on the rationale of this ban decision, and this article intends to dissect the various angles involved. Such a clueless government. What a jungle we live in. Cryptocurrency ban: CBN is stifling free enterprise and making Nigeria poorer On March 21, 2021 4:14 am In State of the Nation with Olu Fasan by Emmanuel Okogba Kindly Share This Story: CBN Ban On Cryptocurrency: A legal Analysis By Olayanju Philips Through its circular dated 5 th February 2021, the Central Bank of Nigeria (CBN) directed all Deposit Money Banks, Non-Financial Institutions, and Other Financial Institutions to immediately close the accounts of persons and/or entities transacting in or operating cryptocurrency exchanges within their systems. This same Nigeria is among the first 3 on mobile money market, yet we can't deal with anything crypto.
With over 11 % of Nigeria’s Internet subscribers involved in crypto, Nigeria has been ranked 5th … They just type anything they feel like, pass it and happy with themselves. Buhari is a military man. They're trying to control us, please support us to raise our voices against the Nigerian Government! Can't buy crypto with Bank deposits Can't buy Crypto with Visa and MastercardCan't withdraw Crypto to Banks Nigeria government enough is enough #WeWantOurCryptoBack, — IBOM PLAZA ❤️ (@ItsGreatman) February 5, 2021. Buhari does not want a repeat of that.#wewantourcryptoback, Olodo Government.#WeWantOurCryptoBack #cryptocurrency #crypto, — Josh Foster (@joshfooster) February 5, 2021, ANOTHER PROTEST LOOMING ON CRYPTO CURRENCYWhat exactly do want from us? Nigeria government so confused. WITHIN NIGERIA is an online news media that focuses on authoritative stories, investigations and major headlines that springs from National issues, Politics, Metro and Entertainment. It’s time to sorosoke #speakup for your right. Nigeria is not a normal country. Hmmm cbn this is the first time I se this action is not working properly I think many youths people is tech this like employees business internet pls ………, Can this government make it in life you old papa buhari go and die, they’ve noticing that the youth want to make it in life then die and leave us alone, those who ruling Nigeria don’t know what is crypto, you lack of technology in this country , every day budgeting can’t invest in bitcoin fool or you CBN, The best let just kill all this old mens for once no time bfor them kill us finish we just need to start planning now ipob for life like us let go we don’t what to be a Nigerian again, Even the financial institutions thry are instructing to ban cryptocurrency are also trading on cryptocurrency currency. The Central Bank of Nigeria (CBN) has declared that there was no time the bank banned the activities of Cryptocurrencies in the country. On February 5 2021, Nigeria, through its Central Bank banned the use of cryptocurrency and offenders face grave penalties due to the perceived dangers to both end-users and the country. Nigerian youths should wake and shine their eyes. It’s just back to joblessness. It doesn’t bother me and I am not surprised one bit. If yes then its a wicked one. The crypto ban was announced in a … BellaNaija is not responsible for the content of external sites and news culled therefrom. They always want to be in control. Here some of di senator views about Cryptocurrency ban in Nigeria Senator Tokunbo Abiru wey dey represent Lagos East Senatorial District suggest say di … “The CBN did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. The statement added that “breaches of this directive will attract severe regulatory sanctions.”. Are we to move forward wit silly Npower programs, trader moni abi gbo gbo radarada yen ni? Instagram: @bellanaijaonline, CBN Governor have succeeded in frustrating MBA because of his Zenith Bank without thinking about the millions of our youths that borrowed to invest in MBA now he is after cryto. The Central Bank of Nigeria on February 5, 2021, released a statement signed by the Director of Banking Supervision Bello Hassan and the Director of Payments System Management Department Musa I. Jomoh, prohibiting financial institutions in Nigeria from dealing in cryptocurrencies or facilitating payments for cryptocurrency exchange. 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In 2021, CBN under Buhari govt is prohibiting all financial institutions in Nigeria from facilitating or dealing with cryptocurrency payment or exchange. The CBN had in 2017 warned that cryptos were not legal tender, and any bank that performs any crypto transaction does so at its own risk. 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