Nigeria CBN's cryptocurrency ban - what do you think?

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Re: Nigeria CBN's cryptocurrency ban - what do you think?

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Re: I think nigeria should open he board or cryptos

by Yastic » June 12th, 2021, 6:52 am

The risen of crypyo currency

by Billy1990 » March 19th, 2021, 11:44 am

I don't support the banning of crypto currency.

by Luckydaniel221 » March 17th, 2021, 9:41 am

Very bad

Very bad

by Luckydaniel221 » March 17th, 2021, 9:40 am

Ednut wrote:Even Atiku says its not right:
Former Vice-President Atiku Abubakar: makes an appeal for cryptocurrency

Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday.

In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown.

“This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

“It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown”, he said.

The statement referenced the declining inflow of foreign capital into Nigeria from $23.9b in 2019 to $9.68b in 2020 and said the economy needs an expansion, rather than a contraction.

Read the full statement:

We Need To Open Up Our Economy, Not Close It

The number one challenge facing Nigeria is youth unemployment. In fact, it is not a challenge, it is an emergency. It affects our economy, and is exacerbating insecurity in the nation.

What Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy, especially after today’s report by the National Bureau of Statistics indicated that foreign capital inflow into Nigeria is at a four year low, having plummeted from $23.9 billion in 2019, to just $9.68 billion in 2020.

Already, the nation suffered severe economic losses from the border closure, and the effects of the pandemic.

This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown.

There is already immense economic pressure on our youths. It must be the job of the government, therefore, to reduce that pressure, rather than adding to it.

We must create jobs in Nigeria. We must expand the economy. We must remove every impediment towards investments. We owe the Nigerian people that much.
https://www.pmnewsnigeria.com/2021/02/0 ... -business/

by Hifibooy » March 16th, 2021, 8:20 pm

bad decision

by Dube » March 16th, 2021, 6:16 pm

Na nonesense

by MimiGold » March 16th, 2021, 4:13 pm

:what:

by Painkiller » March 16th, 2021, 7:14 am

Like it's really affecting everyone

by Painkiller » March 16th, 2021, 7:14 am

It's really bad

by Ana2 » March 14th, 2021, 7:54 pm

Very bad decision

by Gracie88 » March 8th, 2021, 11:38 pm

Okay, cool

by Xeetynice » March 8th, 2021, 10:38 pm

:clap:

by Idi12 » March 6th, 2021, 1:59 am

:what: no I'd not possible

by Omotola02 » March 5th, 2021, 2:29 am

Bad decision, it is just ignorance. It is something they can also invest in and would yield great results in helping our economy and society and our government can't see that and are ignorant of important facts

by Omalemathias » February 23rd, 2021, 8:11 am

You try

by Omalemathias » February 23rd, 2021, 8:10 am

:clap:

by Alhaji440 » February 21st, 2021, 12:20 pm

When 73%of people say its bad decision, then naija government, watch it

by Yalade » February 21st, 2021, 11:13 am

Doesnt make sense

by Glow95 » February 20th, 2021, 4:40 pm

:clap: :clap:

by Glow95 » February 20th, 2021, 4:40 pm

:clap: :clap:

by Hennyhorla » February 19th, 2021, 3:55 am

:tu:

by Timiblack » February 19th, 2021, 1:44 am

Not good at all

This will cause violence in the society

by echukwu337 » February 17th, 2021, 4:05 am

it is very much bad

by Delliboy » February 13th, 2021, 11:26 pm

A very bad move

by Thoresma32 » February 9th, 2021, 7:30 pm

:thnk: :thnk:

by Gyang1 » February 9th, 2021, 10:44 am

:lol; :D:

by Johnmoon » February 8th, 2021, 6:10 pm

Very bad

by Omalemathias » February 8th, 2021, 10:50 am

It can not stand :

by makavelli25 » February 7th, 2021, 10:48 pm

Anything to punish us

by Ednut » February 7th, 2021, 9:10 am

Even Atiku says its not right:
Former Vice-President Atiku Abubakar: makes an appeal for cryptocurrency

Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday.

In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown.

“This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

“It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown”, he said.

The statement referenced the declining inflow of foreign capital into Nigeria from $23.9b in 2019 to $9.68b in 2020 and said the economy needs an expansion, rather than a contraction.

Read the full statement:

We Need To Open Up Our Economy, Not Close It

The number one challenge facing Nigeria is youth unemployment. In fact, it is not a challenge, it is an emergency. It affects our economy, and is exacerbating insecurity in the nation.

What Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy, especially after today’s report by the National Bureau of Statistics indicated that foreign capital inflow into Nigeria is at a four year low, having plummeted from $23.9 billion in 2019, to just $9.68 billion in 2020.

Already, the nation suffered severe economic losses from the border closure, and the effects of the #COVID19 pandemic.

This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown.

There is already immense economic pressure on our youths. It must be the job of the government, therefore, to reduce that pressure, rather than adding to it.

We must create jobs in Nigeria. We must expand the economy. We must remove every impediment towards investments. We owe the Nigerian people that much.
https://www.pmnewsnigeria.com/2021/02/0 ... -business/

by Sucrates » February 7th, 2021, 8:33 am

Deon wrote:Bad move for those with bitcoins
Good move for those with bitcows
And those with Bitcows are those without brain or understanding of the future that has caught up with them.

by Deon » February 7th, 2021, 8:32 am

Bad move for those with bitcoins
Good move for those with bitcows

Nigeria CBN's cryptocurrency ban - what do you think?

by NiceGuy » February 7th, 2021, 8:26 am

On 5th of this month, Bestnaija reported the CBN directive to banks to close all accounts used for crypto trading.

Is this good move?
Attachments
crypto Nigeria cbn.jpg
crypto Nigeria.jpg

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