Our country will always be the blessed motherland for everyone. Don't ever bring varying ideas for a firm knowing full well you can handle the top job offered. What's actually wrong with the government? They ought to face the main problem they're having been hiding for long. The country is entirely moving on its own because cryptocurrency have been the major source of income for young Nigerians in the system but there's always a way to sort things out. Nigeria is one of the most complicated country when it comes to cryptocurrency dealings.
Topic: Nigeria’s central bank forced to deny claims of crypto account freeze (Read 248 times)
Our country will always be the blessed motherland for everyone. Don't ever bring varying ideas for a firm knowing full well you can handle the top job offered. What's actually wrong with the government? They ought to face the main problem they're having been hiding for long. The country is entirely moving on its own because cryptocurrency have been the major source of income for young Nigerians in the system but there's always a way to sort things out. Nigeria is one of the most complicated country when it comes to cryptocurrency dealings.
May 04, 2024, 06:25:28 PM
I was just about to say the same thing, sometimes i wonder what is wrong with this country and our institutions, with every decision and policy they make, it shows how confused they are. Just like you, i also thought they were going to become more friendly with crypto when they lifted the ban on deposit banks not handling crypto transactions. Fast forward to a few months after, they are chasing every centralized exchange, arresting their reps, going after irrelevancies and as usual refusing to tackle the problem of the country from where it stems.
Our country will always be the blessed motherland for everyone. Don't ever bring varying ideas for a firm knowing full well you can handle the top job offered. What's actually wrong with the government? They ought to face the main problem they're having been hiding for long. The country is entirely moving on its own because cryptocurrency have been the major source of income for young Nigerians in the system but there's always a way to sort things out. Nigeria is one of the most complicated country when it comes to cryptocurrency dealings. May 04, 2024, 01:06:59 PM
DEL
May 04, 2024, 01:02:55 PM
I've not been aware of such but in the main time let's not just stamp it to be fake but assuming any possible tendencies of actions by the rumour.
By so doing, let those of us who're bitcoin and Crypto enthusiasts take an immediate alert on the information and strategize on alternative source of accounts by which even if the policy is taken to actions, it wouldn't bound us down to proceed with my transactions.
We're Nigerians and knows so much about possible and impossible facts by which our governments can just stupidly take drastic actions without considering the society and the economy effects.
Thanks for sharing Sir.
By so doing, let those of us who're bitcoin and Crypto enthusiasts take an immediate alert on the information and strategize on alternative source of accounts by which even if the policy is taken to actions, it wouldn't bound us down to proceed with my transactions.
We're Nigerians and knows so much about possible and impossible facts by which our governments can just stupidly take drastic actions without considering the society and the economy effects.
Thanks for sharing Sir.
That is just the facts our nation her most rumour is liable to be the truth, everything remain allegedly at the end it will amount to be truth making haste while the sunshine is the best because the worse is to be cut at a point where one have no plan ahead it's better to have alternative plan before hand weather it happens or not to avoid the story that touch because is very hard to hear anything called truth that which is tags rumour is always the truth at the end. Already allot of action has been taken by the government the issue of arrested biance official, the ban and lifted ban, I see the lifting ban as strategy to capture crypto investor enthusiast, but one thing is sure they can't fight the battle of eliminating crypto space and won because allot has taken place the information on citizens towards crypto can't be stopped.
April 27, 2024, 06:26:40 PM
Deposit banks nodey deal with crypto related transactions for ages now so what's with these new directive again.
I was just about to say the same thing, sometimes i wonder what is wrong with this country and our institutions, with every decision and policy they make, it shows how confused they are. Just like you, i also thought they were going to become more friendly with crypto when they lifted the ban on deposit banks not handling crypto transactions. Fast forward to a few months after, they are chasing every centralized exchange, arresting their reps, going after irrelevancies and as usual refusing to tackle the problem of the country from where it stems. 
April 27, 2024, 05:05:45 AM
Deposit banks nodey deal with crypto related transactions for ages now so what's with these new directive again.
And Nigerians do not like to label their fiat/crypto transactions as 'for crypto purpose'. I do not know how the government will know all. With what has been going on, many people have been taught by Nigeria government and some regulators not to use the word crypto to label their bank transactions related to bitcoin and other cryptocurrencies. It's impossible to track or tell what transactions comes from crypto sales and going for crypto buy but our Government will always want to be stupid. Just early this year the CBN released a memo concerning Crypto about transacting with regulated crypto Nigeria firms if I'm not wrong. We also thought that Naira withdrawal was coming back to exchanges after that memo. The only thing I was waiting for after was the lift of ban on our Naira card for international shopping. Everything just turned opposite now..
Our media space are not duly regulated and allows too many fake News to fly around.
April 26, 2024, 02:58:01 AM
I've not been aware of such but in the main time let's not just stamp it to be fake but assuming any possible tendencies of actions by the rumour.
By so doing, let those of us who're bitcoin and Crypto enthusiasts take an immediate alert on the information and strategize on alternative source of accounts by which even if the policy is taken to actions, it wouldn't bound us down to proceed with my transactions.
We're Nigerians and knows so much about possible and impossible facts by which our governments can just stupidly take drastic actions without considering the society and the economy effects.
Thanks for sharing Sir.
By so doing, let those of us who're bitcoin and Crypto enthusiasts take an immediate alert on the information and strategize on alternative source of accounts by which even if the policy is taken to actions, it wouldn't bound us down to proceed with my transactions.
We're Nigerians and knows so much about possible and impossible facts by which our governments can just stupidly take drastic actions without considering the society and the economy effects.
Thanks for sharing Sir.
April 26, 2024, 02:47:12 AM
Edited out
For Naija, anything can be faked at any time, so yes you are correct with that statement of even social media handles and even newspapers outlet to be subject or tools for fake news, but none the less it is easy to avoid being feed with those fake news such that you only follow the verified handles of the agency and not just any handles bearing such agency's name, do the later will definitely lead you into subscribing to fake handles.Although it is also easy for a ready to verify a news if you can check it out on one or two platforms before believing them as real, such that if you read a news on pounce, it be better to follow-up such news details on sun news paper or even on TV, Nigerians with fake news peddling na 5/6 so we all have to be careful what we feed out minds with.
April 26, 2024, 02:31:37 AM
Secondly, don't read social media news, ever since I stopped their notifications on my device, I become more peaceful, because blogs and social media posts are almost 100% fake news and all attempt to raise unnecessary attention to their blogs and websites, so alot of fake news.
Is either you follow the official handle of the various government agencies to get updates directly or watch news this are the two ways to get real and authentic news this days.
The best is to follow the official handle. But official handle can be also fake. Although, not common but possible. Example is when United States SEC account on X was compromised with fake bitcoin spot ETF approval. Is either you follow the official handle of the various government agencies to get updates directly or watch news this are the two ways to get real and authentic news this days.
Not only social media news can be fake, even those like Punch, The Nation and well reputed news can be fake. And do you know what is more frustrating? When the original news is out, or that it was fake news, you will see most of the news platforms not come up that the news is not true but fake.
Deposit banks nodey deal with crypto related transactions for ages now so what's with these new directive again.
And Nigerians do not like to label their fiat/crypto transactions as 'for crypto purpose'. I do not know how the government will know all. With what has been going on, many people have been taught by Nigeria government and some regulators not to use the word crypto to label their bank transactions related to bitcoin and other cryptocurrencies. 
April 25, 2024, 03:26:27 PM
Very funny set of people and over the time, if we don pay attention to things and rumors for the country, you go understand say, no rumors Dey actually remain rumor for this country as them Dey later turn to actual manifestation and just like the case of exchange ban like binance, we been all take an like play and rumor until play ,play them ban binance and now, then don come again with this kind story and when deleted thei first post on x(formerly known as twitter) na clear sign say, these men get a lot of attacks against the cryptocurrency industry but still Dey find better and tangible reasons to unleash them.
For every rumors you hear about the government, just accept it that it's what they want to establish and if they come out and debunk it as fake news, then be rest assure that it is going to happen by 99.99999%, just trust the Nigerian government at your own peril because they lie a lot and that's what they do best when they failed to do what they promised during the campaign and election times.
Since the central bank said that the dollar is am open market to everyone, they should let the forces of demand and supply do their thing, by the time Nigeria start to increase exportation and increased IGR, then can start to do whatever they think it's good to stabilize the Naira. Even though I'm still patriotic I want Nigeria to be great but not under this shammy government.
April 25, 2024, 01:53:38 PM
The information I just saw on the internet now is quite different from what I am seeing here the one I saw just now is nigerias central bank to freeze bybit kucoin okx binance accounts is it what you mean? Correct me if am wrong @Charles tim. If it it is so I presume Nigeria government is one of the dumbest government ever.
When I read through the link that you posted along, I noticed that it is the same thing. If you read it, the news is talking about central bank if Nigeria telling banks to put the bank account of those that are using the exchanges on post no dept if known. The CBN said that it is not true. The CBN's press releases for Binance, BDC, and all crypto-related operations were leaked, just like this one, and they flagged it as fake before republishing it after several weeks. The CBN is used to flagging leaked news as fake.It's their typical strategy. That document is legitimate; it was awaiting approval before being leaked.
Deposit banks nodey deal with crypto related transactions for ages now so what's with these new directive again.
April 25, 2024, 01:37:05 PM
First of all when it comes to issues with cryptocurrency CBN os always carful reasons being that, their don't want their incompetency to be exposed through attempt to attack cryptocurrency in Nigeria, so best thing still their just play a deaf ear to it whenever cryptocurrency oz mentioned.
Secondly, don't read social media news, ever since I stopped their notifications on my device, I become more peaceful, because blogs and social media posts are almost 100% fake news and all attempt to raise unnecessary attention to their blogs and websites, so alot of fake news.
Is either you follow the official handle of the various government agencies to get updates directly or watch news this are the two ways to get real and authentic news this days.
I use to ask myself how Nigerian got to this level, that fake news can cyculate easily, but then, we have to be sincere with ourselves, Bitcoin, Gold and other assets are not attacked but only USDT that is the main target of the sec, this events is giving us alot of reasons to do more reseaand discus alot of thing as regards to cryptocurrency a d the current events in the Nigeria financial sectors.
Secondly, don't read social media news, ever since I stopped their notifications on my device, I become more peaceful, because blogs and social media posts are almost 100% fake news and all attempt to raise unnecessary attention to their blogs and websites, so alot of fake news.
Is either you follow the official handle of the various government agencies to get updates directly or watch news this are the two ways to get real and authentic news this days.
I use to ask myself how Nigerian got to this level, that fake news can cyculate easily, but then, we have to be sincere with ourselves, Bitcoin, Gold and other assets are not attacked but only USDT that is the main target of the sec, this events is giving us alot of reasons to do more reseaand discus alot of thing as regards to cryptocurrency a d the current events in the Nigeria financial sectors.
April 25, 2024, 01:12:34 PM
The information I just saw on the internet now is quite different from what I am seeing here the one I saw just now is nigerias central bank to freeze bybit kucoin okx binance accounts is it what you mean? Correct me if am wrong @Charles tim. If it it is so I presume Nigeria government is one of the dumbest government ever.
I don't even care to know how true the information is, because it is very believable of the Nigerian government to go through great lengths to frustrate cryptocurrency existence in the country. While countries like Lugano, El Salvador, Brazil are looking for better ways to infuse cryptocurrency into the economy to be better, I doubt there has been any new initiative this country is trying out in this administration in the sense of responsibility, to better the economy, other than to create agencies to check price of goods and commodity when things should be affordable without much price disparity and to make people who earn from cryptocurrencies suffer because they don't simply earn according to old traditional job description that they can easily tax and control.
In the end, am very certain cryptocurrency will get to be adopted at some point in this country but would be regulated just as other countries are doing.
April 25, 2024, 12:12:50 PM
Very funny set of people and over the time, if we don pay attention to things and rumors for the country, you go understand say, no rumors Dey actually remain rumor for this country as them Dey later turn to actual manifestation and just like the case of exchange ban like binance, we been all take an like play and rumor until play ,play them ban binance and now, then don come again with this kind story and when deleted thei first post on x(formerly known as twitter) na clear sign say, these men get a lot of attacks against the cryptocurrency industry but still Dey find better and tangible reasons to unleash them.
April 25, 2024, 11:43:55 AM
The information I just saw on the internet now is quite different from what I am seeing here the one I saw just now is nigerias central bank to freeze bybit kucoin okx binance accounts is it what you mean? Correct me if am wrong @Charles tim. If it it is so I presume Nigeria government is one of the dumbest government ever.
When I read through the link that you posted along, I noticed that it is the same thing. If you read it, the news is talking about central bank of Nigeria telling banks to put the bank account of those that are using the exchanges on post no dept if known. The CBN said that it is not true. 
April 25, 2024, 11:20:55 AM
The information I just saw on the internet now is quite different from what I am seeing here the one I saw just now is nigerias central bank to freeze bybit kucoin okx binance accounts is it what you mean? Correct me if am wrong @Charles tim. If it it is so I presume Nigeria government is one of the dumbest government ever.
April 25, 2024, 09:15:21 AM
Who heard about this? Nobody brought it up on the forum. I am referring to the rumour that that the CBN directed all banks and financial institutions to identify individuals or entities engaging in transactions with cryptocurrency exchanges and to ensure that such accounts are put on Post No Debit (PND) instruction for six months. PND which means that the account owner will not be able to make transaction on the account for six month according to what I read on Cointelegraph.
This is the fake circular:
It was not even signed. But people were believing it?
It was on the news that CBN first denied it on X but later deleted the denial. But some hours later the CBN claimed that the allegation is not false.
https://cointelegraph.com/news/nigerian-central-bank-freeze-user-accounts
We do not have this on Nigeria local board and I believe no one among us will believe in the false circular.
How many times them go wan write circular say make them block account wey dey related to crypto trading in this country. When I saw the circular I knew it was fake, because there was already something like this in existence in Nigeria. One of my account for bank is still blocked till tomorrow because of say them say I dey use am do crypto trading. Even if this one na fake news, make CBN no make am look say something like this no dey in place already. As I dey talk like this I no fit comot 1 naira from that account for over 2 years now. In all make we just dey, dey careful. This is the fake circular:
It was not even signed. But people were believing it?
It was on the news that CBN first denied it on X but later deleted the denial. But some hours later the CBN claimed that the allegation is not false.
https://cointelegraph.com/news/nigerian-central-bank-freeze-user-accounts
We do not have this on Nigeria local board and I believe no one among us will believe in the false circular.
April 24, 2024, 11:23:25 PM
Wetin I think for this kind news nah say we govt go rush to discard these types of news a false in a bid to cover up small of their shame. You know say some actions of theirs fit receive beta backlash and in order to upset some big wigs for the crypto space, them go get to sum am up as untrue. I believe say before person become accused of something, e mean say people don dey observe say a thing like this fit happen and we hear of the case of the CEO of Samurai wallet being accused of money laundering, maybe we government fit try wan bring that same leg using this pattern of account freeze and if asked fit say them dey suspect the account owner of money laundering and all that yawa but as them see say e fit no get head, them quickly turn am to false news.
Make we no believe anyhow news concerning government as regards crypto but that no mean say we go loose guard because we govt dey like think left left.
Make we no believe anyhow news concerning government as regards crypto but that no mean say we go loose guard because we govt dey like think left left.
April 24, 2024, 07:37:30 PM
What the Nigerian government cannot do does not exist. I have a very low trust for them. Even when they say it is fake , that is even the time to seek other alternatives. They are bunch of liars. We'd wait a few weeks and the truth about their real intentions will be revealed. They try to insult our collective intelligence. How many times have they posted something and while one party is claiming it is fake another is on TV granting interviews and saying that it is the real deal.
April 24, 2024, 06:25:03 PM
It was not even signed. But people were believing it?
Ever since the regime of the Tinubu government started, there has been implementation of new policies by the government. Nigeria does wake up to a new policy given by the government without notice. However, you don't blame Nigerians if they choose to believe this without the signatures of the government in it. They can choose to neglect it because of that, and later it ends up being legit noticed by the government.
In this particular government of ours, nothing seems amusing to the Nigerian citizenry again because of the intuition that the government of the day has given to her citizens that anything can happen at any time they least expected.
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