Do you think the ban stamped by CBN on Naira to Crypto exchange will be reversed??

[Chibson]

I don't think the decision will be reversed by the present government, maybe the next one will but till then lets fold our arms and watch how it plays out.

 

[joy101]

For me personally I don't really know if Nigeria government can reversed the ban on crypto, because nobody can tell here now because we are not in their mind.

 

[Sincerem]

You know that when the citizens are financially dependent , they won't have time to collect peanuts for campaigning or voting for them .

You're right, that's why they don't want us to see light. So we'll keep on turning up to them, campaigning for them. They banned every means that we'll make money from so we'll stuck with no choice than receiving their peanuts. No matter how I'm getting my money whether low earnings i don't care, i campaign for any politician they're simply fraudulent.

 

[Jlife]

I don't even know why cryptocurrency was banned in the first place I mean we have so many other pressing issues in this country so why ban cryptocurrency for now, I just hope they see reason to reverse this issue because huge investors will be affected in my opinion

sometimes the Nigerian government is not the most annoying set of government I've ever seen in this world, we have a lot of insecurities in the country yet the government doesn't care and they're thinking that cryptocurrency is a fraudulent business.
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You're right, that's why they don't want us to see light. So we'll keep on turning up to them, campaigning for them. They banned every means that we'll make money from so we'll stuck with no choice than receiving their peanuts. No matter how I'm getting my money whether low earnings i don't care, i campaign for any politician they're simply fraudulent.

[automerge]1624171478[/automerge]
Whatever they like to do is none of my business I'm not even happy with the government of Nigeria,but I think they are going to lift the ban soon because they are planning to launch their own cryptocurrency and they will also need an investors.

 

[Josemendez]

You're right, that's why they don't want us to see light. So we'll keep on turning up to them, campaigning for them. They banned every means that we'll make money from so we'll stuck with no choice than receiving their peanuts. No matter how I'm getting my money whether low earnings i don't care, i campaign for any politician they're simply fraudulent.

Many freelancers and digital marketers in Nigeria would have lost their source of income had it been that there was no VPN to use on Twitter . Am glad I won't have any need to collect their peanut in future

 

[Sincerem]

sometimes the Nigerian government is not the most annoying set of government I've ever seen in this world, we have a lot of insecurities in the country yet the government doesn't care and they're thinking that cryptocurrency is a fraudulent business.
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[automerge]1624171478[/automerge]
Whatever they like to do is none of my business I'm not even happy with the government of Nigeria,but I think they are going to lift the ban soon because they are planning to launch their own cryptocurrency and they will also need an investors.

Lol, you aren't the one who isn't happy with all this unfavorable decisions it has made concerning what is considered as legitimate. Even if they create their own digital coin i won't be interested using it or promoting it, until things get better.

 

[Jlife]

Lol, you aren't the one who isn't happy with all this unfavorable decisions it has made concerning what is considered as legitimate. Even if they create their own digital coin i won't be interested using it or promoting it, until things get better.

okay I think this is the best thing we all need to follow here because it's like the Nigerian government are trying to make things difficult for everyone here, if we are not investing in their cryptocurrency obviously the coin will be useless.
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I just believe that it will be reverse but I don't know when and according to @ahmedo24 he said that the Federal Government actually bann cryptocurrency because people were using it for fraudulent activities, if this is so then it will not be reversed.

 

[Sincerem]

okay I think this is the best thing we all need to follow here because it's like the Nigerian government are trying to make things difficult for everyone here, if we are not investing in their cryptocurrency obviously the coin will be useless.

It doesn't affect me if later the coin turns out to be useless cos we aren't doing the right thing, i mean the government to give youths lifeline. So investing into their coin when crypto trading with Naira isn't functional is simply useless.

 

[Jlife]

I don't think the ban on crypto currency imposed by the federal government can be reversed because, federal government believe the crypto currency is affecting the dollar to rise and its not true. One thing about federal government is that once they make a decision its not easy for them to go back on it.

the reason I believe it will be reversed is because they are trying to create their own cryptocurrency and if this is so then how will people invest in their cryptocurrency when they have bann direct transfer of money into cryptocurrency system .

 

[Richard92]

Let's see what the future holds for crypto in Nigeria before the end of the year. I heard that the CBN is trying to create their own digital currency. Let's see how this saga unfold in the coming days.

I'm not really sure that the ban of stamp on naira to cryptocurrency will be release except maybe the change of government this might be able to affect it positively.

 

[ahmedo24]

I'm not really sure that the ban of stamp on naira to cryptocurrency will be release except maybe the change of government this might be able to affect it positively.

If their plan to launch the central bank digital coin toward the end of the year will come to reality then there is high possibility for the ban to be lifted.

 

[Sincerem]

If they'll launch their own coin (CBDC) then lifting the ban on crypto transactions, it will make sense. Through the CBDC we can safely convert other coins to it and withdraw to the local bank account or use to stabilize our funds since its a stable coin.

 

[Setfragil]

I don't think the decision will be reversed by the present government, maybe the next one will but till then lets fold our arms and watch how it plays out.

The present government is hell bent in making life so miserable for people of the country. There are so many issues that needs urgent attention but they did nothing to addressed it, I do not think they have plan to unban cryptocurrency.

 

[Ralphjoe]

Hopefully, the ban may be reversed but may take a long while to be achieved, i have read in the news various debates from the Senate with some from the North in support of the ban and some from the South who are against the ban, If a court injunction can be served against the Federal Government, it would force them to look back into the issue, let's be hopeful, Bro.

Just like you I also believe that the band played on cryptocurrency transactions and the banking sector in Nigeria would be reversed but it will take a very long time for that to happen and it may not even happen in this current administration.

 

[GIFTMICHAEL]

I'm not really sure that the ban of stamp on naira to cryptocurrency will be release except maybe the change of government this might be able to affect it positively.

Hmm, even if the government is changed, the outgoing one, which still elect one that act same cruel like he is as the incoming one. Our prayer should be for better Nigeria, let God elect good leaders for us to make better decisions and better our country in all ramifications.

 

[Ralphjoe]

Definitely it's likely that the ban will be reversed any moment from now because according to a need I read this afternoon, Nigerian Senate have summoned Nigerian CBN governor and Sec over the ban of crypto currency exchange Business in Nigeria

One thing I know about this cryptocurrency banned by this government will be difficult to be reversed by them unless if this administration is changed.

 

[Sincerem]

The administration is simply getting it wrong making unfavourable decisions in the office causing their loyal citizens to suffer. We all are simply praying for good government to transform things better.

 

[Good-Person]

They might reverse this decision and unban crypto once they find a way to regulate cryptocurrencies and start charging people heavy taxes on cryptocurrencies in order to take money out of pockets of crypto traders. This would be unfair because cryptos are not a property of a particular country.

 

[Setfragil]

They might reverse this decision and unban crypto once they find a way to regulate cryptocurrencies and start charging people heavy taxes on cryptocurrencies in order to take money out of pockets of crypto traders. This would be unfair because cryptos are not a property of a particular country.

I do not think the government of Nigeria and the CBN understand what they will actually do to cryptocurrency to make it better, they only believes that cryptocurrency is use to carry out fraud.

 

[Good-Person]

I do not think the government of Nigeria and the CBN understand what they will actually do to cryptocurrency to make it better, they only believes that cryptocurrency is use to carry out fraud.

Apart from thinking that cryptocurrencies are used for fraudulent activities, they believe that people earn a lot by investing in cryptocurrencies and they do not pay tax. They also think that if cryptos are continously used for transactions then it will be difficult to circulate money in their own country and this is why they think that cryptos are bad and should be banned.