Topic: Is cryptocurrency legal or illegal in Nigeria. - page 2. (Read 225 times)
Well, e no get where dem write am for law talk say Cryptocurrency don dey illegal or even legal for we country as na our government just dey use mouth take dey disturb we investors. But dat one no mean say if Dem catch person as e dey now, Dem no go put am behind bars o. Everybody just need to dey careful. No be crime no mean say Dem allow am. Make we hid our head for now.
What I believe that can never ever happen is that the senate or house of rep will propose a bill to ban cryptocurrencies in Nigeria.
I do not know how CBN can be able to make Nigerians not to trade cryptocurrencies. You can see on P2P ads as many people are stating in their messages already that crypto should not be included as the purpose/label of the fiat transaction. CBN is only deceiving themselves.
Instead of looking for ways to fight crimes related to fiat (naira), they continued to lie and deceive people about what cryptocurrencies are.
I do not know how CBN can be able to make Nigerians not to trade cryptocurrencies. You can see on P2P ads as many people are stating in their messages already that crypto should not be included as the purpose/label of the fiat transaction. CBN is only deceiving themselves.
CBN don sit down con talk say cryptocurrency no good again say people they use am for terrorism financing and money laundering so them done tell banks and other financial institutions make them stop any transaction in cryptocurrencies.
Why are Boko Haram asking for naira notes? Why are bandits demanding for naira notes instead? While are kidnappers also only demanding for naira? All of these that I have read on news all demanded for naira in cash for ransom. Instead of looking for ways to fight crimes related to fiat (naira), they continued to lie and deceive people about what cryptocurrencies are.
CBN don sit down con talk say cryptocurrency no good again say people they use am for terrorism financing and money laundering so them done tell banks and other financial institutions make them stop any transaction in cryptocurrencies.
CBN fit no support cryptocurrencies to use am as legal tender or to use am as exchange for we country, nevertheless, e no they illegal because no law or legislation contain provisions way criminalize to use am. This mean say trading in cryptocurrencies fit they prohibited by the CBN but e no they illegal going on the provisions of Section 36(12) of the 1999 Constitution of the Federal Republic of Nigeria which states that:
"Subject as otherwise provided by this Constitution a person shall not be convicted of a criminal offence unless that offence is defined and the penalty, therefore, is prescribed by a written law; and in this subsection, a written law refers to an Act of the National Assembly or a Law of a State, and subsidiary legislation or instrument under the provisions of the law."
This statement mean say anything way them no write as law or as offence for the Nigeria law book no be crime and because then never write this cryptocurrency own for the law book e mean say e no be criminal offence for we ninja.
CBN fit no support cryptocurrencies to use am as legal tender or to use am as exchange for we country, nevertheless, e no they illegal because no law or legislation contain provisions way criminalize to use am. This mean say trading in cryptocurrencies fit they prohibited by the CBN but e no they illegal going on the provisions of Section 36(12) of the 1999 Constitution of the Federal Republic of Nigeria which states that:
"Subject as otherwise provided by this Constitution a person shall not be convicted of a criminal offence unless that offence is defined and the penalty, therefore, is prescribed by a written law; and in this subsection, a written law refers to an Act of the National Assembly or a Law of a State, and subsidiary legislation or instrument under the provisions of the law."
This statement mean say anything way them no write as law or as offence for the Nigeria law book no be crime and because then never write this cryptocurrency own for the law book e mean say e no be criminal offence for we ninja.
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