Topic: Bureau De Change Asking Government to Ban Binance to Save Naira - page 2. (Read 349 times)

They no get single thought of action. No be Godswill Akapbio been deh tell senators for house two days ago seh bribe money don enter them accounts to enjoy themselves when the rest of us they suffer hardship. He forgot when he made the statement and tried to withdraw it at once but the damage don deh already. Na better shege we deh for APC hand now. Na Binance be their problem now, people weh no even get single shame for face. As I deh see dollar deh high like bread weh better yeast deh, my belly deh praise Tinubu somehow sha because na him inefficiency deh cause am and na so the thing go deh rise until everybody go feel the impact. Those of us weh get campaigns una deh enjoy.

This matter wey Naija government put for head na misplace of priority to me, to be honest. Why will you use an exchange as an excuse to be the reason the economy of your country is not doing well. This exchange has helped many youths in the country to be free from poverty and have a food on their table by transacting with them. P2P have helped many youths in the country that we can imagine, and by putting an end to binance operation in Nigeria is like putting many people back to their days of suffering for a work to do. This is not a nice idea and he should not implement this whatsoever. As they always say it to themselves in the upper chamber and make fun of us; let them allow the poor to breathe please.

Sometimes I wonder if these men in the helms of affairs really do have a thought of their actions or they just wake up one day and start dishing out whatever they feel like and what ever that enters their head. What has binance got to do with Naira devaluation in the first place. Is it binance that controls the economy and government of Nigeria? Or is it binance that formulates policies for our government?

You know when they are bereft of ideas and plans on how to move the economy forward, they start dancing around with kangaroo dance steps.  It is unfortunate where the nation finds herself coupled with the leadership pattern of the old cabals that still wants to power at all cost.

The issue of banning binance is impossible because binance is not registered here and there is no law binding binance and the Nigerian government together. So their claims and accusations are null and void. Come to talk of it, it is a p2p platform so how can they know the exact transaction that has to do with crypto currency coming from binance when there are a million and one transactions going on every seconds.

I think they should concentrate on being a producing nation exporting her local produce rather than being a consuming nation which drastically effects the value of our local currency.

I just give a valid reason how exchanges can not put pressure on naira as long as it is CeXP2P. But I noticed that the man is just self-centered because he believed that people are using crypto exchanges like Binance and prefer to convert to bitcoin, and most especially the stable coins in this regard and exchanging them to naira.

I do not know if this is a rhetorical question but let me answer it. Because SEC sees Binance to be illegal in Nigeria and it is most known to Nigerians. Also because many of these people do not know these exchanges as we know them.

No issue at all than someone speaking because he wants more gain in his business as I explained about it just now.

I dey feel say na the volume them dey look. Other people wey dey trade P2P no popular reach Binance na why I feel say them wan target the head. The part wey dey vex me well well na as them thinking say na Binance dey affect our Naira...Very confused set of people!

Remember sometime in 2021 when CBN them also accuse Aboki FX of the same thing and that made Aboki FX to shutdown their operation, yet, e no stop Naira from failing like old woman breast. If you bend one side look this matter, you go see say na frustration dey worry these people...them no know wetin to do because "if e didn't dey, e didn't dey". So,I feel say them just dey look for who to blame because na blame game be their pattern.

Abeg make them no use their reggae spoil our ogene o!

I don't know why these Bureau De Change people are trying to use Binance to cover up for their own doings because as far as I am concern, they are the foundation of all these Naira fall, maybe now that government is fighting for unification of the dollar price and they see that they can not gain as much as they used to gain before that is why they are using Binance that is not even legally registered as a scape goat.

There are other cryptocurrency exchanges that are operating here in Nigeria, then why only Binance?
Kucoin and some crypto exchanges are running p2p, maybe they are only focus on binance because as they mentioned in the content that they have high liquidity.

I don't think Binance has anything related to this issue of Naira to dollar price drop, they are just trying use them and scare Nigerians to stop or reduce using the exchange which I don't thin will work for them.

On Binance, Nigerians are trading naira/crypto (CexP2P ) within themselves, not with foreign countries. I do not see how this would put pressure on naira. Assuming we trade with foreign people, this can decrease the foreign reserves. But as we trade within ourselves, I do not know how this will decrease the foreign reserves and put pressure on naira.

I see only SEC to be correct, but I do not know why they are focusing just only on Binance. There are many other exchanges that you can trade naira/crypto (CexP2P), not only on Binance exchange.

My people, e don happen o!  Bureau De Change (the people wey dey incharge of forex aka foreign exchange) don dey tell federal government to ban Binance to save our Naira. This one shock me no be small. I don't know how Binance take dey make our Naira weak abi na Binance dey manage our economy. This one show say the people wey dey handle some of these agencies no even know the things wey fit affect our currency. I truly dey feel bad for this kind news.

We all know say our government no gree create job for the youth, now cryptocurrency na one way youth take dey see food chop, if them ban Binance, imagine how many youths using P2P to see food wey go dey affected.

Binance P2P been help wella even when CBN been dey worry people wey use cryptocurrency. Naija people were still able to exchange, do business overseas and this help plenty people make a living. This will be very painful if government come ban Binance for Nigeria because plenty people wey create account for Binance used their BVN or NIN to do KYC verification.  So if government ban Binance, them no go get access to these portals and there are other ways them go mandate Binance not to allow Nigerians use their exchange as e suppose be.

My people how una see this matter?

For those wey wan read the news in detail, Peoples Gazette carry am.