Topic: Nigeria to establish an economic zone which is crypto friendly with Binance - page 2. (Read 310 times)
September 05, 2022, 11:33:58 PM
this is a very good step because it will boost crypto adoption in Nigeria and will make a very positive impact on the global crypto market... especially Nigeria is one of the largest crypto market shares globally, so this is positive news.
September 05, 2022, 04:54:45 PM
I think this is the first virtual free zone in west Africa. This is a brilliant stride from the government in trying to diversify the economy and make crypto a big part of Nigeria's future. I hope it is well managed and not used by the government as another tool to control the finance of the Nigerian youths
September 05, 2022, 04:51:29 PM
It important they reveal details of the provision by the Government. I dont trust such provision by the Government, is it not the same Government that has been siphoning the citizens with terrible and unfriendly economic policies. Binance needs to think very well before making any decision with the government. We are still safe and satisfy with P2p transaction, they should not allow themselves to be compromise. Nigeria is one of the largest user of the exchange, if they are not careful they will lose the country's users massively.
September 05, 2022, 04:34:55 PM
I applaud this great idea, what I hope to see, is it being fully enacted as it is truly an innovative step toward abundance. Nigeria just ranked highest amongst the major influencers and users of Cryptocurrency in Africa and amongst other leaders, this is after launching its digital currency, the e-naira.
Sincerely, this adoption of Binance for trade or other cryptocurrencies at large will do greater good than evil. The Nigerian populace will have an expanded economic frontier in that the opportunities inbound with cryptos, such as elevation of poverty and unemployment, will help ease down on current economic, political, and religious sentiments ongoing. This establishment of an economic zone that is crypto-friendly with Binance, is with an open arm, a step in the right direction.
Sincerely, this adoption of Binance for trade or other cryptocurrencies at large will do greater good than evil. The Nigerian populace will have an expanded economic frontier in that the opportunities inbound with cryptos, such as elevation of poverty and unemployment, will help ease down on current economic, political, and religious sentiments ongoing. This establishment of an economic zone that is crypto-friendly with Binance, is with an open arm, a step in the right direction.
September 05, 2022, 04:18:47 PM
While this in itself is a very good news for Nigerians, we should hope that the management of the region/zone will not fall into the hands of the corrupt. This is a huge opportunity for Nigerians to learn a lot about cryptocurrencies, and this might help open up jobs for people in the country. However, we all know that a lot of politicians in Nigeria are corrupt. They cna easily embezzle the profits made by this economic zone and it those $$$ will never see the light of day again.
Binance keeps on opening up partnerships on a lot of countries. It seems like they really wanted to be on top of everybody when it comes to introducing cryptocurrencies to a wider audience.
Binance keeps on opening up partnerships on a lot of countries. It seems like they really wanted to be on top of everybody when it comes to introducing cryptocurrencies to a wider audience.
The move is for the sake of the Nigerians when it comes to crypto market.
So it is now on the hands of their politicians if they will utilize it for good or not.
Corruption is rampant in this country, so we can't do anything about it when politicians decide what to do with their income.
But setting aside this thought, I believe, the initiative of binance is great.
Reaching out to these people to offer their services and the chance to connect with all the other people in this world.
September 05, 2022, 03:48:04 PM
While this in itself is a very good news for Nigerians, we should hope that the management of the region/zone will not fall into the hands of the corrupt. This is a huge opportunity for Nigerians to learn a lot about cryptocurrencies, and this might help open up jobs for people in the country. However, we all know that a lot of politicians in Nigeria are corrupt. They cna easily embezzle the profits made by this economic zone and it those $$$ will never see the light of day again.
Binance keeps on opening up partnerships on a lot of countries. It seems like they really wanted to be on top of everybody when it comes to introducing cryptocurrencies to a wider audience.
Binance keeps on opening up partnerships on a lot of countries. It seems like they really wanted to be on top of everybody when it comes to introducing cryptocurrencies to a wider audience.
September 05, 2022, 03:34:31 PM
Cool. They are really serious in the adoption of crypto in the region. Assuming they could create something like China did where comoanies and manufaturers settle there because of cheaper labor. I think the labor in Africa is even much cheaper in China.
The world will once again depend on African manufacturers. And the continent also have huge deposits of resources. Horay to Africa!
Do you think Binance will push BNB tokens to them not just BTC?
Not in Nigeria, The Nigerian Government has never really supported the adoption of Bitcoin or any cryptocurrency. In fact, Nigeria is one of the African countries that have already started operating its own CBDC because they don't want cryptocurrency but for some reasons yet unclear they want to partner with Binance Exchange and as earlier mentioned, have not lifted the ban on Bank transactions on cryptocurrency so how Adoptable is that?The world will once again depend on African manufacturers. And the continent also have huge deposits of resources. Horay to Africa!
Do you think Binance will push BNB tokens to them not just BTC?
That is also very interesting for Nigeria. If Nigerian government plants to dominate one day among the countries in Africa, Nigeria might just be successful in doing so. The country will probably adopt crypto as well while they have CBDC. CBDC is sort of a back up in the region I guess if the crypto adoption will fail.
Its an experimentation phase still but no other time so far in history where African countries are fighting back vocally the ones who suppressed their development, I guess they find more freedom in crypto.
September 05, 2022, 01:57:20 PM
Nigeria is one of the African countries that have already started operating its own CBDC because they don't want cryptocurrency but for some reasons yet unclear they want to partner with Binance Exchange and as earlier mentioned, have not lifted the ban on Bank transactions on cryptocurrency so how Adoptable is that?
That is double standard and you are right if Nigeria kicking against crypto and Bitcoin, running after the youths and arresting them on same crypto that they now want to join minds with one of the largest cryptocurrency exchange. That is rejecting something and going back to accept it at same time. This collaboration is going to bring the Nigerian government to review the ban on crypto trading that are linked with exchange and even mostly binance exchange.
September 05, 2022, 11:59:20 AM
Nigeria to establish an economic zone which is crypto friendly with Binance
The government of Nigeria the largest cryptocurrency economy country in Africa is considering a cryptocurrency partnership with Binance exchange to establish an economic zone where cryptocurrency could be best put in practice in a friendly manner to the citizens for convenient operations of cryptocurrency activities within the country in other to boost the economy growth and development.
The country is making moves to better the use of cryptocurrency in its increasing crypto economic system considering the vast growth of the population which are contributing more to the advancement of crypto in the entire Africa at large, this could be an encouragement the more towards the uses of bitcoin, it applicable aspects along with some other cryptos as means to accepting payment in their businesses.
The government of Nigeria the largest cryptocurrency economy country in Africa is considering a cryptocurrency partnership with Binance exchange to establish an economic zone where cryptocurrency could be best put in practice in a friendly manner to the citizens for convenient operations of cryptocurrency activities within the country in other to boost the economy growth and development.
Quote
Our goal is to engender a flourishing virtual free zone to take advantage of a near trillion dollar virtual economy in blockchains and digital economy. https://twitter.com/officialNEPZA/status/1565685778256101377?t=rSLPDSf_qEW9MxCfIFW6rA&s=19
The country is making moves to better the use of cryptocurrency in its increasing crypto economic system considering the vast growth of the population which are contributing more to the advancement of crypto in the entire Africa at large, this could be an encouragement the more towards the uses of bitcoin, it applicable aspects along with some other cryptos as means to accepting payment in their businesses.
It does seem like a match made in heaven, Nigeria gets to test the waters with this crypto idea and shady Binance get a slight legitimacy boost. Judging from past things I've seen with Binance, they're probably quite willing to engage in the sort of "deal making" that is useful for politicians who accept gifts but probably less favorable than it should be to the average Nigerian who might want to use this economic zone. No doubt Binance is aiming to capture new markets since they have been scaled away from stock market listings in places like New York and London because it requires strong financial transparency - the fact they don't want has to make you wonder what's really going on, but then they do gouge fees like crazy.
September 05, 2022, 11:47:12 AM
Cool. They are really serious in the adoption of crypto in the region. Assuming they could create something like China did where comoanies and manufaturers settle there because of cheaper labor. I think the labor in Africa is even much cheaper in China.
The world will once again depend on African manufacturers. And the continent also have huge deposits of resources. Horay to Africa!
Do you think Binance will push BNB tokens to them not just BTC?
Not in Nigeria, The Nigerian Government has never really supported the adoption of Bitcoin or any cryptocurrency. In fact, Nigeria is one of the African countries that have already started operating its own CBDC because they don't want cryptocurrency but for some reasons yet unclear they want to partner with Binance Exchange and as earlier mentioned, have not lifted the ban on Bank transactions on cryptocurrency so how Adoptable is that? The world will once again depend on African manufacturers. And the continent also have huge deposits of resources. Horay to Africa!
Do you think Binance will push BNB tokens to them not just BTC?
September 05, 2022, 08:33:40 AM
Cool. They are really serious in the adoption of crypto in the region. Assuming they could create something like China did where comoanies and manufaturers settle there because of cheaper labor. I think the labor in Africa is even much cheaper in China.
The world will once again depend on African manufacturers. And the continent also have huge deposits of resources. Horay to Africa!
Do you think Binance will push BNB tokens to them not just BTC?
The world will once again depend on African manufacturers. And the continent also have huge deposits of resources. Horay to Africa!
Do you think Binance will push BNB tokens to them not just BTC?
September 05, 2022, 08:26:39 AM
Nigeria to establish an economic zone which is crypto friendly with Binance
The government of Nigeria the largest cryptocurrency economy country in Africa is considering a cryptocurrency partnership with Binance exchange to establish an economic zone where cryptocurrency could be best put in practice in a friendly manner to the citizens for convenient operations of cryptocurrency activities within the country in other to boost the economy growth and development.
I very much doubt whether the Government was really thinking of the citizen when they decided to go this new route in partnering with Binance. From a Similar topic over in the Bitcoin section linked below, I kinda agree with the different doubt about why the Nigerian Government is doing this, after all, we know what their stand is with cryptocurrency trading in the country and they are yet to announce a reversal of that law that prohibited crypto transactions through direct personal bank account and yet they want to partner with the Biggest Crypto Exchange.The government of Nigeria the largest cryptocurrency economy country in Africa is considering a cryptocurrency partnership with Binance exchange to establish an economic zone where cryptocurrency could be best put in practice in a friendly manner to the citizens for convenient operations of cryptocurrency activities within the country in other to boost the economy growth and development.
https://bitcointalksearch.org/topic/nigerian-fg-to-partner-binance-5412452
September 05, 2022, 08:09:16 AM
Wow! I am envious. Not like in my country where CZ itself visited, committed to some charity programs, and offered willingness for Binance to apply and comply with regulatory laws but was denied. My country stated that it will not accept new VASP (Virtual Asset Service Provider) applications in the next 3 years. A group is also actively calling to ban and imposed penalties on Binance. So it is either my country's government officials were paid by our current VASP providers or they believe that giving Binance a license might dominate the market that our current VASP providers are enjoying.
September 05, 2022, 07:21:20 AM
Nigeria to establish an economic zone which is crypto friendly with Binance
The government of Nigeria the largest cryptocurrency economy country in Africa is considering a cryptocurrency partnership with Binance exchange to establish an economic zone where cryptocurrency could be best put in practice in a friendly manner to the citizens for convenient operations of cryptocurrency activities within the country in other to boost the economy growth and development.
The country is making moves to better the use of cryptocurrency in its increasing crypto economic system considering the vast growth of the population which are contributing more to the advancement of crypto in the entire Africa at large, this could be an encouragement the more towards the uses of bitcoin, it applicable aspects along with some other cryptos as means to accepting payment in their businesses.
The government of Nigeria the largest cryptocurrency economy country in Africa is considering a cryptocurrency partnership with Binance exchange to establish an economic zone where cryptocurrency could be best put in practice in a friendly manner to the citizens for convenient operations of cryptocurrency activities within the country in other to boost the economy growth and development.
Quote
Our goal is to engender a flourishing virtual free zone to take advantage of a near trillion dollar virtual economy in blockchains and digital economy. https://twitter.com/officialNEPZA/status/1565685778256101377?t=rSLPDSf_qEW9MxCfIFW6rA&s=19
The country is making moves to better the use of cryptocurrency in its increasing crypto economic system considering the vast growth of the population which are contributing more to the advancement of crypto in the entire Africa at large, this could be an encouragement the more towards the uses of bitcoin, it applicable aspects along with some other cryptos as means to accepting payment in their businesses.
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