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

[Queentener]

With what I've seen they are simply reluctant on that. They never seem to relaxing such kind of decision. They can keep to themselves we are moving well around crypto.

They don't care about the citizens of the country they govern over, it's very sad, we have to be prepared and vote when is time vote to get good governance.

 

[Sincerem]

They don't care about the citizens of the country they govern over, it's very sad, we have to be prepared and vote when is time vote to get good governance.

Laughs, who will vote for them? I don't vote for those politicians cos I know they have nothing to offer just come and occupy empty space and embezzle funds.
[automerge]1630879420[/automerge]

I think that the ban will almost certainly be changed with time and the reason that i am saying this is that they are getting to their final stages of their digital currency and if they want it to be really sore, it would be good to have it as a pairing with various cryptocurrency coins as well.

Let's see how it goes dear. At this point I can't really tell the direction of my country cos aren't straightforward around the political sector.

 

[Kaffyfolla]

The ban of Cryptocurrency in Nigeria can be reversed but it will surely comes back with the regulation which may not favour as it was

 

[Heatman]

For weeks now, I have been getting notifications from my bank about Nigeria's e-coin approved by the Central Bank of Nigeria, so it shows they have a plan for banning cryptocurrency.

 

[Immilash]

Nigeria as already banned cryotocurrency but still we have some other means of exchange, but do you guys think the ban of cryotocurrency will he lifted up?

 

[greenie]

These days, a number of businesses have entered the industry to reach out to consumers through various platforms. Hence it is important to understand the structure of the operations you want to use when starting your own online and offline business models.

 

[Shigobad2020]

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.

Its definetely a no answer , the federal government are not in any way ready to change and lift the ban on crypto currency to naira and vice versa , their believe is that the causes of dollar inflation is because of crypto currency.

 

[eLdavis]

Nigeria as already banned cryotocurrency but still we have some other means of exchange, but do you guys think the ban of cryotocurrency will he lifted up?

Right now I do not think the Nigerian government has any plans of lifting up the ban placed on crypto currency. Maybe in the future they might put it into consideration or probably when there is a change of government.

 

[Ebro01]

To me I believe Nigeria is a country which exercise it powers judiciary and can do or an on do what so ever the wish or will. If they reverse it fine and if they don't ,it means they feel it is not necessary.

 

[Good-Person]

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.

Well, I am not from Nigeria, but the Nigerian Government needs to explain why they think that cryptocurrencies have been affecting their economical growth in a bad way. I really do not think that cryptocurrencies could have a bad impact on the economy.

 

[Laurentta]

We can't really tell for sure if the bank stamped on crypto currency will be reversed. That decision lies within the government, we can only hope they reverse it.

 

[Sincerem]

Well, I am not from Nigeria, but the Nigerian Government needs to explain why they think that cryptocurrencies have been affecting their economical growth in a bad way. I really do not think that cryptocurrencies could have a bad impact on the economy.

Those people will not have anything tangible to say. They are not the only government that manage economy. Instead of them to look for opportunities to create jobs and employment for people , they are trying to create strict rules on things that are not necessary.

 

[Good-Person]

Those people will not have anything tangible to say. They are not the only government that manage economy. Instead of them to look for opportunities to create jobs and employment for people , they are trying to create strict rules on things that are not necessary.

The main issue is that the prices of U.S dollar may go down, but this does not mean that inflation will also go down in your country. This is also a really major issue in many developing countries like mine.

 

[Sincerem]

The main issue is that the prices of U.S dollar may go down, but this does not mean that inflation will also go down in your country. This is also a really major issue in many developing countries like mine.

The point is that the government over here are not really interested to establish the country in terms of creation of jobs and industries. To improve economy the government must focus to help in the production of raw materials for importations.

 

[Good-Person]

The point is that the government over here are not really interested to establish the country in terms of creation of jobs and industries. To improve economy the government must focus to help in the production of raw materials for importations.

If a government keep repeating this same cycle again and again, then there is nothing that could be done at all. The more debt a country accumulates, the harder it actually becomes to make the country a better place, unfortunately.

 

[Sincerem]

If a government keep repeating this same cycle again and again, then there is nothing that could be done at all. The more debt a country accumulates, the harder it actually becomes to make the country a better place, unfortunately.

Unfortunately the leaders of our country do not really care about us , they keep on borrowing money from different countries most especially China. Even with this I still believe there will be a time in which everything will return back to normal and those debt will be paid in full

 

[Good-Person]

Unfortunately the leaders of our country do not really care about us , they keep on borrowing money from different countries most especially China. Even with this I still believe there will be a time in which everything will return back to normal and those debt will be paid in full

Borrowing money could help a country temporarily. However, in the long run, it would destroy the economy because you must pay the loan back with high interest rates.

 

[Dannyjax]

The Federal Government of Nigeria is only looking for a way to have an upper hand and regulate cryptocurrency in the country. It's just the same thing China did and they are looking for a way to do it. Banks already have their own coins now in Nigeria just like USDT we have for USA.

 

[Sincerem]

Borrowing money could help a country temporarily. However, in the long run, it would destroy the economy because you must pay the loan back with high interest rates.

I've even heard on the news how Nigerian government is using trillions of naira to service loans they have gotten in the past. The most annoying aspect is that what they have used this loan to do is not easily observed.

 

[Sotherefore]

The Federal Government of Nigeria is only looking for a way to have an upper hand and regulate cryptocurrency in the country. It's just the same thing China did and they are looking for a way to do it. Banks already have their own coins now in Nigeria just like USDT we have for USA.

That may be true but this regulation is not called for. Every countries has to put their citizen at first because I don't see any reason why they have to ban cryptocurrency when there are other things that is making the country difficult for citizens.