Topic: Waiting go happen to our money? crypto currency dey face trouble for Nigeria. (Read 123 times)

so what you saying is that at this point it's 50/50 anything can happen at any moment, because the government they aren't to trust abi waiting me I suggest na still the same thing. Nobody knows what the government have in mind to do so if you've any other exchange that you can relie on then it's better time, to make all your transfer to the one you can trust and relie on cause no one knows what'll happen next with the government and crypto currency.

Some people go device VPN or other methods wey them go use access their funds even if na temporary for them to be able to move or transfer their funds. Them go run am. One thing wey I believe say Nigerians get na the spirit of improvising at any point. We get that idea wey be say we go try employ different methods and formats for  people to take their money back oo. But to be at a safer side, if them get any other exchange wey you sabi say you trust well well, you fit move your funds go there on time. So that you will not have to face the issue of crying for help when they finally implement the process.

yes you're right but if only the government can Centralized and make Bitcoin to be regulated in the state, because always the government are always fighting crypto currency some countries today have placed Bitcoin in Court. Why cause they're seeing the good and the improvement which Bitcoin are helping in the society, but the government don't really want the good to the society you can see how some youth's are growing in some countries. Some of the youth's have saved a lot that they don't depend on their parents anymore, but the government will always see only the bad side of it I want to ask. Do crypto currency pay tax to the government?

their is nothing that the government can do, because Bitcoin have no issues with the government but the government keeps on fighting crypto currency. With no good prove that crypto currency are doing something or going out of law but theirs nothing like that. But even if the government are laying a negative false towards Bitcoin it won't still affect anyone money, because at this point is the major time for all traders to convert their coins to fait money instantly or better still save it in Blockchain wallets cause no matter what Bitcoin is heading somewhere in the future. And by then the government can't enforce anything or put a false lies towards Bitcoin. So their is nothing to be afraid of at the moment our money is saved and sounds, the government can't make the crypto currency to go down in the hole world. And to be at the saver side all Bitcoin traders should also be at alert cause the government are not friendly when it comes to something concerning money.

The only major issue here is the fact that we can't easily change our crypto to fait and most if us here do a lot of transactions weekly or daily with crypto to fait, but on the bright side we can hold our bitcoin for longer since it is now a little more difficult to touch it.

Anyway why I can't panic is cause the government can only try what they can to stop us from exchanging our bitcoin or crypto but can't shut the system down cause they don't have such power or control over it, I believe that this is just temporary and would be free with time, my annoyance is that the so called currency is still depreciating in value despite all their false effort, the problem isn't crypto it is cause they printed so much new money and it affected the total circulation of naira and in turn reduced its value so much. Let them face the fact and solve the problem as they should.

Op di way I see you, I don't know sha but you never really understand cryptocurrency most bitcoin. Nigerian government fighting with exchanges has nothing to do with our money or our bitcoins unless you dey keep your money for exchange before. As I don tok before exchange na to trade p2p and not to keep coins. And the best place to keep coins na Electrum wallet or any other self custodial wallet. If you store coins in self custodial wallet then di matter di federal government dey fight with exchanges and if dem like let stop all the exchanges in di country e no go even shale you sef.

So make una no fear and di thing wey una go do be say make una dey keep coins in self custodial wallets and not exchange but when you want to sell then you can transfer to the exchange and sell them.

One major thing wey the Nigerian government dey do na to use cryptocurrency as excuse to their inability to do something better in the country.

If you dey follow up politics for Nigeria you go notice say the people no really get any better thing to offer Nigerians so the next step na to put blame on the masses, from my own perspective the person in charge of the regulations concerning cryptocurrency in Nigeria just the make decision we go help the government escape their their current state of inability to handle national decisions. In Nigeria today if you check very well you will notice so many inappropriate money allocation buying weapons for war etc just because they want to lose money but anyways as it stands now they can never shut down crypto in Nigeria because end in the Nigerian law it is not stated in any area that cryptocurrency is banned or illegal in the country so every other battle around it is just a distraction.

The economy is bad and the government are after crypto exchanges since this exchanges know the law they have inner people from Nigeria who understand the Nigerian law so they don't adhere to the decision or the regulations that are made in Nigeria instead they only delete Nigeria p2p or remove Naira from their exchanges so that they don't get fine for any reason. But in the same time they don't want to lose Nigerian customers who are very vibrant in the crypto industries so what they only do is remove Naira but the exchange still remains in the country. It is not the first time that Nigeria is battling crypto exchanges or anything that has to do with cryptocurrency I am not afraid of anything happening in the crypto industry against Nigeria because it is not the first time over it is now during the time of muhammadu buhari in Nigeria face a lot of crypto regulations yet it is not banned in the country so since we are using the 1999 constitution Nigeria cannot ban cryptocurrency until there is an amendment in the Nigerian constitution hence crypto has no practical issue except the imaginary issues made by some cartels that wants to loot national incomes.

but you know as the government done get this slice chance them no go agree to just allow the binance to win them. One thing way pain them most be say as them no dey get any commission from binance in Nigeria, because I no see any reason why them go dey disturb crypto currency. Current now some of the mobile online banking them dey restrict anything concerning crypto currency as we dey talk. So you think say them no take am serious hmm, but waiting I believe be say before them go fight to remove Nigeria in the platform e go surely hard. Why I talk say e go hard na because some of the strong billionaires them dey benefits from crypto, so definitely them no go agree make the government win but the thing be say waiting government done put mind to achieve them go won surely achieve am. The only thing way I go tell my fellow crypto traders be say make we just dey at guard just as you talk, for safer way.

As far say crypto no dey under human management, that is no be human being dey control am, dem no fit bring am down, dey go just dey trouble am like as them dey do now but them no fit do more than like this, just imagine wetin dey happen recently, dem don comot P2P for some exchange platforms for Nigeria them but we still dey find our way out, as far as say their plans no go come to pass, our money still dey secure but e no mean say we no go dey on guard o because as the government dey fight back to back like this, na so things just dey happen, that is na so them dey remove Nigerians for their platform to avoid problem and as the government them want make them dey see us dey suffer, na so God go dey continue dey fail them.

For people way no know waiting dey happen, the biggest platform for exchanges crypto currency. Dey face trouble in Nigeria say most of the popular ways, for Nigerians to trade in digital currency, you fit still follow up the matter for here

https://www.bbc.com/news/av/world-africa-68945815

But what if the government come finally bring binance down. Cause the government no be today them done dey follow up crypto currency issues, them done dey find all means just to follow binance since.

So waiting go really happen to the people money wey done dey invest ever since if you be Nigerian?