Topic: Kucoin suspended P2P in Nigeria - page 2. (Read 393 times)

To be frank, I hate this news but I have not been a fan of Kucoin after they changed their TOS last year but anyway we will continue to strive.
Come to think of it, this is the only way government can make ignorant people believe they are trying their best, it's obvious there are still those who think crypto currency is fraudulent base on the said BTC boys which are fraudsters though this belief is slowly dying down while others who may be planning to venture into crypto currency except being enlightened will think Cryptocurrency is banned in Nigeria which is far from it.
Government is against crypto currency is obvious, there's nothing they will say that will make us believe they actually support this.

Omo me no go lie oo, I actually taught this whole matter will die off but looking at the way things are going, It seems Nigerian government really wan blame cryptocurrency for the fall of their naira whereas dem know within dem selves say na dem be the whole cause of everything. If dem wan really make the naira strong then make dem first of all ban the use of dollars itself from the country so that even the government officials dem self go get no option but to see the idiotic move they are taking towards making naira strong.

I'm beginning to suspect that Nigerian government has issued order to these major exchanges to quit the trading of NGN/USD in their various platforms and they complied with a deadline. Seeing major exchanges removing NGN on their platforms one after the other is very abnormal and I'm now convinced that something fishy is going on behind the scene.

This is the kind of result you get when ignorant people are being given the power to pilot the activities and affairs of the state. Some weeks back, one government officials opined that P2P should be scrapped in Nigeria because that is the reason for our naira devaluation. It's a shame and embarrassing that our government is occupied by people with shallow minds.

By now, they should have realized that this has nothing to do with crypto or P2P but it's a norms in this country to focus on delicate issues than major issues which requires utmost attention. This is propaganda from government and it won't solve any problem other than making naira more valueless. I sensed Misplacement of priorities at it peak!

Their application will be the last resort, because so long as na crypto dey involved, senior men go find alternatives share the info reach us, way must dey aside the any government application wen dem go just like introduce.

It is bad and wicked thing to increase the tax on people when you have not made an attempt to help increase what they earn. Government wan squeeze people neck.

That is not a glitch , that is absolutely a shutdown of kucoin. First I saw the news online I thought it was a joke so I decided to go and check my kucoin app, low and bellow the news was actually correct. Although initially the buy and sell other was showing but now it is no longer showing again that means they have lose it down. Though I am still yet to figure out way to trade in other exchange. When the time comes we would know how to do it. But if I find an endless way, I will let you guys know but not in this forum because there are spy everywhere to track people down.

This news could have been a surprise to us all but after what they did to Binance and OKX, we should expect that they’ll come for all other exchanges that allow Nigeria p2p on their platforms. I saw a news today on social media where the EFCC chairman was talking about how cryptocurrency and p2p platforms are being used as a means to finance terrorism and all other illegal acts in the country.

Terrorism have been in existence for years no doubt about that, but making it look like cryptocurrency is the only means this terrorist used to do their monetary operations is what I don’t understand. He also said cryptocurrency is being used for money laundering which most of the money laundering that have been happening are from government officials, why not clamp on them and free the normal Nigeria that is finding a means of livelihood through this p2p exchange platforms, this is too harsh for Nigerians to be honest. I know they’ll come for other exchanges but one thing is for sure, they can never stop p2p operation in Nigeria but only stop those exchanges from offering it.

They’ll come for all other exchanges and we are all expecting that at the moment now. After all this steps they’ve taken, we have not seen any appreciation in naira against dollar, will the fight still continue with cryptocurrencies or they’ll go through another means which they knew the right means to use to tackle this all along.

You haven't seen anything yet, even if the government will come up with its own platforms to trade the tax will not be nice, is this even the solution?

These exchanges are not even decentralised exchanges why won't the p2p service get destroyed ? It is obvious nah.

The solution will be a no man's land Dex exchange that deals with only P2P, no team to approach, no email to send letters to, etc, this is the only way we can be saved.

Yeah buddy I see that Due to recent regulatory developments, access to popular cryptocurrency exchanges like Binance, Kraken, and Coinbase may be restricted in Nigeria. I don't know if that was the reason behind kucion restricting naria from their wallet now removing P2P I don't even know.what think of all this restriction is really much and most of us might start thinking other you all Nigerian youth with the way they handle their own issue it is really alarming I don't even where the country is actually driving to P2P has actually been one of the easiest meant to sell of your cryptocurrency but today it is not more... Which way Nigeria???

With all these moves by the FG against crypto exchange, I think there is a hidden agenda the FG is pursuing to actualize. Let's not be surprised that at the end of the whole drama, the Federal Government would like to introduce an exchange app that Nigerians will use to transact their USDT to naira.

Our government knows how much is been made from P2P trade. Them, it will be ideal and huge business for them if they succeed in stopping the P2P trade on exchanges and come up with theirs(exchange trade app) so that they can generate revenues in that area.

Listen to the words of our president below. What can you deduct from this?

A friend send me message dis morning to give me dis sad news, di thing just ruin my day, I just de wonder how our government go take dem hand de comot food from dem citizens mouth, our country matter just de tire me di more everyday. First na Binance, den na okx, now na cucoin, who know di one wey go be next, dem just de disable all di reputable exchanges naira p2p. I hope say people no go jump enter scam crypto platforms because of dis developments, e de really pain me say na our government de do dis things to us, dem go leave where Nigerian problems de, come de destabilize people legitimate sources of income. I know say crypto business don come to stay for Nigeria, we na wise people, we must always find a way to do our businesses and survive.

This matter na hand of the enemy of progress and the enemy no pass our government, this matter shock me to the extent say I Dey think am again and again, as I hear the matter my first think be say waiting Dey do our government, who goes them wey them no wan make the youth survive, another exchange wey person Dey use them don block am again, this thing is getting out of hand, the first time na Binance and now na KuCoin the next one go be another exchange and gradually them go block all the exchanges and at the end everybody go eyes go open and see maybe na good or bad decision our government Dey make.

I be wan ask, waiting be the main achievement that Nigeria will get from this thing ? Waiting them wan gain? Abi the government are thinking that this is the only way to make the country better, okay na make we Dey see our this thing go end whether what the government are doing is good, but for this thing na greediness and another way of sleeping from the people who are into crypto.

Accounting to the information I got from the kucoin message it is a temporal suspension but the vanguard newspaper headline of online blog says, kucoin finally bow down for federal government and suspended their p2p. And my question is always like this. Upon all the crackdown of cryptocurrency centralized exchanges in the country, dollar is still going up. As for me they are just doing all these to show that they are doing work to make sure that naira appreciate but from their mind na lie. As far as Tinubu na be di president of Nigeria, dollar go dey dominate.

Because Tinubu himself e no dey use Naira na only dollar. So all these things we dem dey do. Na just for formality and nothing go happen. Even di person wey go come after Tinubu go worse pass am. Until we have someone who really like and love di Nigeria Naira before we go fit enjoy Nigeria again.

Nigerians contribute a lot to crypto be it this forum or trading volume or in support functions but this country is rules by psychopaths because not only they create hardship and when they cannot uplift the situation where they have pushed people when people have found a way to improve their standard of living and have extra income they are restricting that as well. What is it they want? Do they want people to starve and die?  First Binance, now Kucoin

I'm surprised they didn't make any announcement, which for me is wrong on their own side. They where suppose to send a mail to their customers in informing them about the new development, at least that's the standard.
The government of Nigeria have been seriously fighting these central exchanges on the low, for them to stop P2P transactions.
Omo e no get how them wan do, we go always improvise other means to use do our transactions. The first to remove Naira P2P on their platform was Binance, now it's Kucoin, they are literally fighting all the reputable xchanges.

Unfortunately, there is nothing we can do that is government for you they have the ultimate power over the affairs of a country so we just fold our hands and watch them do their worst after all this form of frustration isn't new to us anymore, when they banned cryptocurrency did they stopped everyone from participating in crypto projects? Were they not the ones that still lifted the ban in December last year? So let's chill and see how far they will go in making life unbearable for the common man but however, to everything there is an end.

My concern is just that a lot of Nigerians may get scammed and defrauded because moving to other exchanges that are not reputable can lead to loss of funds and assets and there is no one to hold accountable, this is really a bad news for me because ever since they banned binance from performing the Naira p2p transactions i moved to kucoin and now that kucoin have been affected as well were do i move to again? Chaiii there is God o but worst come to the worst we convert our cryptos to USDT and keep them in spot wallets till anytime they change their mind, it's even an advantage regardless of the fact that it will be a hard decision to take but by then you must have accumulated a lot of USDT such that when you sell it you can compete with one wealthy paramount ruler at my place but come to think of it, this is really becoming too much let's call 'a spade' 'a spade' but anyhow e be we go bear am highest sef we learn how to hodl to accumulate more Bitcoins as against the upcoming bull run then we explode, every disappointment is a blessing in disguise.

This is not the first time Nigerian government is closing p2p from exchange, it all started from binance and today kts kucoin. However, from the beginning of this clash between p2p and Nigerian government fight against dollar and naira we have lost binance already and we moved to kucoin, so today kucoin p2p is no longer available to Nigerians, I believed there are more exchanges that we can use if we want to exchange coins to fiat.

In a case like this, what do we do? Do we just sit and watch the government ruin everything, because I have seen no impact upon all their actions everything seems void and empty. Now they have successfully removed NGN P2P from the most reputable exchanges how do we cope or we just have to continue spreading out our privacy to many more exchanges and after a while they aswell becomes a target. How many more exchanges are left? What decentralized P2P is valid to use? A lot is really going on in the country which needs to be addressed but why no one standing out?

And we are ever ready to see them manifest these, maybe we can see if that will be the reason that can drag the performance of naira against dollar or not, but am very sure they cannot halt on all other exchanges, this is something that the government will have to understand, this thing the government are doing is going to cause another loophole to them that will serve a vulnerability to more fall of naira against dollar.

I believe kucoin have gotten some signal that they me be a target after what biance experience by taken away their two staff,  fir them to announce it official may not be deem necessary for them the truth remain that we all know where everything is coming from which is not less than the government, what our government is doing is very disheartened because not just to stop all means money is entering the system without building up the nation to generate income due for it's citizens.

When some people do argue about our leaders mostly the so called APC that nothing good will come but destroying the economy I thought they are haters but is clearly becoming reality, it easy to start a fight but ending the fight that's where the problem lies because I don't think one nation can make crypto currency to stop beside our government are good in touching hand in every system or things without doing it well at the end.

This is not a matter of joking anymore, we need to fear government because if they put their mind say they want to do this, they will surely do it even though they will not succeed at the end of it. The issue of dislist naira p2p in every exchange no dey funny at all, after Binance and OKX now is Kucoin. We don't know the one wey dey will ban later. Truthful, I no reason am say dey will ban this so quick because there's other exchanges that are more popular than kucoin. If they are not tire to fight cryptocurrency, we can also not tired as well. My advise be say make we try have account like 3 to four exchanges, at least as they ban Kucoin now na to use the one wey dey available.

However, you're right, even though all the exchanges suspend p2p trading for Nigeria, we go still look for another way because na naija we dey, everything is possible.