Topic: More BTC...More Crypto (Read 87 times)
Thanks for di update of di news, na CBN na dem know wetin de best for dem, and as ordinary Nigerians, we no get much power to question dem. But di ban on our banks dem not to carry out foreign transactions no get anything to do with cryptocurrency, unless say e go increase the awareness of cryptocurrency as a means of international transfer for di country. E go help make di adoption of Bitcoin, for di country to increase because more people go de aware say alternative means de to make transfer wey go guarantee the sender and receiver of di coins privacy from any centralized authority. Hopefully dis ban go affect Bitcoin positively for inside Nigeria.
No matter the decision wey CBN won take concrrning cryptocurrency e no fit affect the Nigeria youth from investing in Bitcoin. Before now cbn been ban bank from using cryptocurrency but e no stop people from buying bitcoin or stop people from having interest on bitcoin. Our government suppose know wetin go improve the economy of the country. Cryptocurrency is not the problem of the country, the government needs to work on the cbn and other sources that is providing the government money.
Simple truth, this is what they called misplaced priority, I think which ever band can't stop we Nigeria as you already stated. The enemies of crypto currency in Nigeria which are in government are the pioneer of this band I can remember the issue be of the endsars, where rumour carried out that crypto taccum where the supponsor and we all know how it happened with the current government. But no matter their plans it can't oberide the citizens with interest bon Bitcoin and crypto currency.
So earlier today CBN dn ban Nigerian banks and other FINTECH companies from any international transfer service.
Read more https://africa.businessinsider.com/local/markets/nigerias-central-bank-bans-banks-and-fintechs-from-international-money-transfers/pw777v7
As of now banks fit act as agent or but no news about the FINTECH companies in Nigeria. So, we fit dey expect more transactions from the crypto space. Although this new decision go still worry some people mostly the FINTECH companies in our country.
If I no understand you, wetting them mean be say transfer from bank to international bank is prohibited Abi? If so na new development be that for crypto enthusiasts. Because now all international transfers go be through crypto currency because Naim be the easiest way to send money across the globe. Read more https://africa.businessinsider.com/local/markets/nigerias-central-bank-bans-banks-and-fintechs-from-international-money-transfers/pw777v7
As of now banks fit act as agent or but no news about the FINTECH companies in Nigeria. So, we fit dey expect more transactions from the crypto space. Although this new decision go still worry some people mostly the FINTECH companies in our country.
To me this ban on Fintech is a blessing in disguise because it will spur more investors to use Bitcoin and other cryptocurrency to make payments across the country, so I don't see it as a problem to us crypto enthusiastic, because the p2p method have practically make our banking system policies toward crypto less effective than the way the government expected it to be, so anyhow it is, it's a win win situation for us crypto enthusiastic.
Yeah actually, it is somehow good and bad news at same time because since there is still congestion in mempool and transactions fees are still high, performing crypto transactions like bitcoin will still be very difficult for now and it would be difficult to make crypto exchanges through P2P because CBN might start tracking crypto transaction through online medium of exchanges between crypto to fiat so despite the fact that we are seeking for a crypto enabling environment but the government doesn't need to place ban on international transfer system because basically this decision would affect individuals that performs transactions using foreign currencies and our local currency.
To me this ban on Fintech is a blessing in disguise because it will spur more investors to use Bitcoin and other cryptocurrency to make payments across the country, so I don't see it as a problem to us crypto enthusiastic, because the p2p method have practically make our banking system policies toward crypto less effective than the way the government expected it to be, so anyhow it is, it's a win win situation for us crypto enthusiastic.
The amount tag wey Dem don increase go just make many IMTOs give up this activity, those banks sef wey dey do western union transfer them sef go fit pause first due to the high increase from 500k to 10million. Indirectly, this na just to increase the usage of crypto currency P2P nothing else because by the time banks Dem don stop to do international transfers, e go come force people to learn more about cryptocurrency from just using it as a means of p2p transfer them fit even start to they make investment, make we just give this update next three month you go see say the increase in crypto usage for this country go increase.
All this kind things follow wey dey make the BDC dey vex say crypto don come overshadowed them, na why Dem wan lie put so that the government fit bring back the restriction, unfortunately Dem no know say the world is getting digitalized everyday, and we gats adapt to join so we'll not e felt behind.
No matter the decision wey CBN won take concrrning cryptocurrency e no fit affect the Nigeria youth from investing in Bitcoin. Before now cbn been ban bank from using cryptocurrency but e no stop people from buying bitcoin or stop people from having interest on bitcoin. Our government suppose know wetin go improve the economy of the country. Cryptocurrency is not the problem of the country, the government needs to work on the cbn and other sources that is providing the government money.
I agree with your point,crypto currency has never been the cause of the Nigeria economy in its inflation and cbn creating a policy of hindering the masses in crypto market can’t be possible.instead of the government trying to channel their energy on the ban.the should use it to put in policy of goods towards crypto currencies and other financial institutions and more in the society So earlier today CBN dn ban Nigerian banks and other FINTECH companies from any international transfer service.
Read more https://africa.businessinsider.com/local/markets/nigerias-central-bank-bans-banks-and-fintechs-from-international-money-transfers/pw777v7
As of now banks fit act as agent or but no news about the FINTECH companies in Nigeria. So, we fit dey expect more transactions from the crypto space. Although this new decision go still worry some people mostly the FINTECH companies in our country.
This is not a problem for bitcoiners or crypto community in Nigeria. The CBN are forgetting that they are not the only option people have when it comes to international money transfers. These authoritative and dictatorship attitudes of the bank is the more reason why bitcoin was invented. Banks just waking up one morning and makes rules without considering the people who owns the money that they depends on for their survival. Thank God for bitcoin, that has now given people another option to send money to cross border without any CBN and government intervention. This is another opportunity for bitcoin to gain more ground in the country as people will now resolve to use it and so international money transfers. Read more https://africa.businessinsider.com/local/markets/nigerias-central-bank-bans-banks-and-fintechs-from-international-money-transfers/pw777v7
As of now banks fit act as agent or but no news about the FINTECH companies in Nigeria. So, we fit dey expect more transactions from the crypto space. Although this new decision go still worry some people mostly the FINTECH companies in our country.
No matter the decision wey CBN won take concrrning cryptocurrency e no fit affect the Nigeria youth from investing in Bitcoin. Before now cbn been ban bank from using cryptocurrency but e no stop people from buying bitcoin or stop people from having interest on bitcoin. Our government suppose know wetin go improve the economy of the country. Cryptocurrency is not the problem of the country, the government needs to work on the cbn and other sources that is providing the government money.
To me this ban on Fintech is a blessing in disguise because it will spur more investors to use Bitcoin and other cryptocurrency to make payments across the country, so I don't see it as a problem to us crypto enthusiastic, because the p2p method have practically make our banking system policies toward crypto less effective than the way the government expected it to be, so anyhow it is, it's a win win situation for us crypto enthusiastic.
I agree with you it'll make more people to build product around the crypto space. 
To me this ban on Fintech is a blessing in disguise because it will spur more investors to use Bitcoin and other cryptocurrency to make payments across the country, so I don't see it as a problem to us crypto enthusiastic, because the p2p method have practically make our banking system policies toward crypto less effective than the way the government expected it to be, so anyhow it is, it's a win win situation for us crypto enthusiastic.
So earlier today CBN dn ban Nigerian banks and other FINTECH companies from any international transfer service.
Read more https://africa.businessinsider.com/local/markets/nigerias-central-bank-bans-banks-and-fintechs-from-international-money-transfers/pw777v7
As of now banks fit act as agent or but no news about the FINTECH companies in Nigeria. So, we fit dey expect more transactions from the crypto space. Although this new decision go still worry some people mostly the FINTECH companies in our country.
Read more https://africa.businessinsider.com/local/markets/nigerias-central-bank-bans-banks-and-fintechs-from-international-money-transfers/pw777v7
As of now banks fit act as agent or but no news about the FINTECH companies in Nigeria. So, we fit dey expect more transactions from the crypto space. Although this new decision go still worry some people mostly the FINTECH companies in our country.
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