The bitter reality - page 3. | Bitcointalksearch.org

Bttzed03

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https://bitcoincleanup.com/

Quote from: wxa7115 on February 16, 2021, 06:51:19 PM

Quote from: ChiBitCTy on February 16, 2021, 06:01:38 PM

~ Well you can still buy/sell/trade on a decentralized exchange or over the counter right ?

I suppose he can

Binance Nigeria immediately halted Naira deposits upon announcement but they still offer it on their P2P plaform - Binance Adds NGN FIAT/NGN Pair and Launches Express Mode for P2P Trading in Nigeria

Quote from: wxa7115 on February 16, 2021, 06:51:19 PM

What I always find it amusing to say the least is the hypocrisy of those institutions, the bank closed his account for its link with cryptocurrencies and at the end of the email you can see that despite the huge inconveniences that they are causing him they still claim that they will be happy to serve him in the future, which is completely ridiculous,

The way I see it, these smaller/commercial banks were already lenient with their users that were involved in crypto until the CBN reminded them of the previous circular and directed them to enforce it.

Quote from: wxa7115 on February 16, 2021, 06:51:19 PM

I'm pretty sure that if that happened to me I'll never have an account with that bank ever again and I'm pretty sure that I'm not alone when it comes to that train of thought.

You'll never be able to open if that's the case because all banks are instructed to close crypto related accounts.

avikz

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I am really sad to see your thread and unpleasant experience you have faced due to the regressive legislation agaisnt cryptos cryptos in your country. Unfortunately, my country is also on the verge of announcing such legislation against cryptocurrency. So I am sure a lot of us will probably see such emails coming from our banks! It's good that your bank didn't freeze your money. In my country, banks are planning to freeze the accounts with all funds in it! We are yet to see that in action but that's an imminent future for us!

youdacapt

sr. member

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GOD is TRUE

This is a sad reality for folks down there in Nigeria; but after reading through, i think only the government would be missing out; so do not panic and instead look towards the positives. With p2p, you get to convert fiat to crypto currency and vice versa without any charges; while government misses out on the tax they would normally get. Bitter but for the main time, good.

jossiel

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DGbet.fun - Crypto Sportsbook

I'm sorry for those crypto folks living in Nigeria. This is really sad that the government stops you from getting help to survive and help through cryptocurrencies. We may need some services from the bank but I'm sure you'll find a way to replace them.

Why don't they look to the feedback of their people that have been experiencing good fortune and life trading and relative attachments to cryptocurrencies?

Darker45

legendary

Activity: 2576

Merit: 1860

I'm so sorry for you. But I guess you guys will find a way to do away with banks, right? Who needs banks, after all? It seems they are helping you to stay away from them. You are definitely getting there, anyway. It's just that things would have been gradual. Now, it is being accelerated thanks to them.

Government actions like this one reinforces the argument of Bitcoin. The more the government clips the wings of its youth, the more they will find a way to rise and fly.

But I guess this is temporary.

aesma

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Activity: 2548

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fly or die

Any institution in Nigeria complaining about unregulated stuff is taking the piss, nothing is regulated in a corrupt country like this. The country is oil rich but most people don't benefit from it, instead they get oil pollution everywhere because politicians don't enforce laws and take bribes instead.

wxa7115

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Bitcoin is GOD

Quote from: ChiBitCTy on February 16, 2021, 06:01:38 PM

I am sorry to see this and this kind of stuff just absolutely sickens me. I hate countries trying to hold back its citizens from progression. From what I’ve heard and read, banks can’t be trusted so much there. Cryptocurrencies of course then become such a savior of sorts.

Well you can still buy/sell/trade on a decentralized exchange or over the counter right ?

I suppose he can but the first thing that he needs to do is to recover the money that he had in that account, there have been many examples in the past of people that once their accounts got closed they had lots of trouble to get that money back because now they needed to demonstrate where and how they got it.

What I always find it amusing to say the least is the hypocrisy of those institutions, the bank closed his account for its link with cryptocurrencies and at the end of the email you can see that despite the huge inconveniences that they are causing him they still claim that they will be happy to serve him in the future, which is completely ridiculous, I'm pretty sure that if that happened to me I'll never have an account with that bank ever again and I'm pretty sure that I'm not alone when it comes to that train of thought.

ChiBitCTy

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I am sorry to see this and this kind of stuff just absolutely sickens me. I hate countries trying to hold back its citizens from progression. From what I’ve heard and read, banks can’t be trusted so much there. Cryptocurrencies of course then become such a savior of sorts.

Well you can still buy/sell/trade on a decentralized exchange or over the counter right ?

Mpamaegbu

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Once a man, twice a child!

I like the lure of the OP's post; it's lyrical to say the least. At such a time, Nigerians need a subtleness that should bring peace to their troubled hearts and souls, and a total departure from pain occasioned by the ineptitude of corrupt politicians. If only the CB of Nigeria headed by Godwin Emefiele (who is sadly dancing to the discordant tunes of the powers that be) knew that not even China with all its intelligence has been able to stop Bitcoin, he would speedily adjust to supporting anti economic policies of the Mohammadu Buhari led administration.

Gozie51

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Vave.com - Crypto Casino

Oh....This Nigeria

, you want to bring yourself into retrogression
Nigeria, you don't want to join the crypto progressives Huh

You have left your business of human development but create confusion

in the minds of your subjects.

Nigeria, with Shenanigans in government
The youth only left with promises, told of being the leaders of tomorrow. All
promises in valley rift.

Nigeria, you keep cutting off the promises of tomorrow
You shut the youth off from cryptocurrency, the tomorrow we know

Nigeria, with the second position in the bitcoin market

But you never care for tomorrow
Institutional investors are looking into different crannies to invest but you shutting your windows

The blues of the Nigerian song, is turning into sadness in the faces of the Nigerian crypto enthusiasts
The dreams of the youth, cascading into flowing rivers of oblivion.
Alas... Where lays the hope
The marriage of Nigerian crypto community and P2P is our succour.

Topic: The bitter reality - page 3. (Read 512 times)