BLOCKAGE OF CRYPTOCURRENCY IN NIGERIA

[Mastercoded]

The central bank of Nigeria release a circular that all cryptocurrency transaction within the country should be ban, how do we still receive payment since most of us make a living through crypto transaction

 

[eojo2401]

The government was not happy that the citizens of the country is getting themselve busy with lucrative job. They want every you to be jobless for there selfish interest. This there stupid decisions will cause the country more harms.

 

[Ralphjoe]

Let me correct an impression here, the Central Bank of Nigeria didn't ban cryptocurrency from the Nigerian cyberspace but what it actually did was to ban the usage of cryptocurrency in the banking sector. so a lot of cryptocurrency exchange platforms have come up with an alternative to that, which happens to be the usage of peer-to-peer cryptocurrency transactions which has gained a lot of tractions since the ban.

 

[Nomad]

Some countries are blocking crypto currency transactions, some countries are banning crypto currencies, and some countries have made cryptocurrency a legal tender.

 

[Nurudeen]

The central bank of Nigeria don't really know what they are doing. The CBN and government that banned crypto currency in the country are now looking for ways to look for ways to make their own currency

 

[Dowenship]

The central bank of Nigeria release a circular that all cryptocurrency transaction within the country should be ban, how do we still receive payment since most of us make a living through crypto transaction

You can receive you money through p2p, I know of two exchange rust offered p2p which are Ku coin and binance, I know you must have heard of binance...

 

[Shigobad2020]

The central bank of Nigeria release a circular that all cryptocurrency transaction within the country should be ban, how do we still receive payment since most of us make a living through crypto transaction

And the ban on crypto currency in nigeria has been affecting the crypto currency user in nigeria because they can't directly withdraw their money into their local accountsl

 

[Sotherefore]

It is even better because using of P2P makes it even more easier for people to get high dollar rates to sell our cryptocurrency to the local currency. A lot of people were able to make money through arbitration too because of this.

 

[glitch]

They can't outright ban it. As of now, no government can as there is a way around everything they are throwing at crypto.

There are even sites like Tornado that governments have banned but are still running, these sites function as filters so none of your crypto is tracked.