How will cryto currency ban in Nigeria affect you?

[Shigobad2020]

Recently I saw a new released by the central bank of Nigeria that cryptocurrency have been paced on ban that no band should accept any transaction that involves it. I WS first troubled when I read this news because many of my online investment are through cryptocurrency but later I had a deed sigh of relief because I know that it is very difficult for anybody to lock Nigerians out of a system without finding a solution. It's a matter of time.
Now my concern is this, what if the CBN decision is fully implemented and there is no way to go around it, how will it affect your online business?

Crypto currency ban in nigeria by the federal government does not affect me much but the only way it affects me is that i cannot withdraw money directly into my account and its really affecting my crypto currency.

 

[Trexxxy]

It is not news that the cbn bun affected quite a lot of people however there are other means that channels you can use to withdraw your crypto.

 

[Kayzzy3]

Recently I saw a new released by the central bank of Nigeria that cryptocurrency have been paced on ban that no band should accept any transaction that involves it. I WS first troubled when I read this news because many of my online investment are through cryptocurrency but later I had a deed sigh of relief because I know that it is very difficult for anybody to lock Nigerians out of a system without finding a solution. It's a matter of time.
Now my concern is this, what if the CBN decision is fully implemented and there is no way to go around it, how will it affect your online business?

To be honest, the ban on Cryptocurrencies in Nigeria really affected many cryptocurrencies holders myself inclusive, it truncated many plans, calculations and projections I had as per how to trade and exchange some of my cryptocurrencies.

On the other hand, I see it as a blessing, as I was able to hold on to the cryptocurrencies I have and have grown some waiting for when the coast will be clear for profitable trading.

 

[BTCBEE]

To be honest, the ban on Cryptocurrencies in Nigeria really affected many cryptocurrencies holders myself inclusive, it truncated many plans, calculations and projections I had as per how to trade and exchange some of my cryptocurrencies.

On the other hand, I see it as a blessing, as I was able to hold on to the cryptocurrencies I have and have grown some waiting for when the coast will be clear for profitable trading.

its not only you and your country its affect so many people in others country who are having huge crypto currencies in their wallet and they cant convert it into real money.

 

[Setfragil]

Cryptocurrency ban has not in any way affected my business dealings with cryptocurrencies. The ban only affected big financial institutions and banks from dealing in cryptocurrency.

 

[Chibson]

The ban of cryptocurrency to naira exchange has really affected a lot of Nigerians even though, there's an alternative to that. Let's see if it will be reversed.

 

[eLdavis]

crypto currency exchange Business ban in Nigeria will really affect a lot of people because right now that's what citizens in Nigeria are using as a means of survival due to lack of employment from the government

True, but there are ways to go about it, crypto trading is still going on as before, people still buy and sell crypto without any issue. I my self, i still withdraw my earnings even without the use of p2p

 

[Jlife]

It does not affect me in any way because I do not deposit money into crypto exchanges but I only buy usdt from trusted people and send it directly to my binance,it doesn't have any effect on me except the direct withdrawal to bank

 

[Josemendez]

At first , I thought it is going to affect me tremendously but with the help of peer to peer , I am able to carry out any cryptocurrency transaction that I want to do

 

[Dowenship]

True, but currently many Nigerians have found a way round this, and are going on with their various activities as before. Even my self i easily withdraw my earning on from crypto without any stress.

I was discussing with my fellow mate at home that if binance was hacked, how will Nigeria traders all over Nigeria survive,? The response was is it not Nigerians, they will find a way.....

 

[Richard92]

True, but currently many Nigerians have found a way round this, and are going on with their various activities as before. Even my self i easily withdraw my earning on from crypto without any stress.

Cryptocurrency ban in Nigeria has affected me because I can no longer be able to access or buy cryptocurrency easy like I used to do before and it has also affect the value of cryptocurrency.

 

[Dowenship]

Recently I saw a new released by the central bank of Nigeria that cryptocurrency have been paced on ban that no band should accept any transaction that involves it. I WS first troubled when I read this news because many of my online investment are through cryptocurrency but later I had a deed sigh of relief because I know that it is very difficult for anybody to lock Nigerians out of a system without finding a solution. It's a matter of time.
Now my concern is this, what if the CBN decision is fully implemented and there is no way to go around it, how will it affect your online business?

Although the ban came when i was just entering into crypto which i still don't see in any way it as affected me as long i can use p2p without issues.

 

[Kingstone]

I will have to make some conversions before funding my trading wallet. When j want to withdraw it will follow a similar routine. This has resulted in extra charges from me. I hope they reverse it soon or the next administration

 

[Rhapsody]

The ban on crypto currency by Nigeria government is a very big loss and it had brought bad effects or should I say that it has decreased in the price that we withdraw the coin to our bank account. Because the only way that we exchange our coin is through peer-to-peer exchange

 

[Josemendez]

The ban on crypto currency by Nigeria government is a very big loss and it had brought bad effects or should I say that it has decreased in the price that we withdraw the coin to our bank account. Because the only way that we exchange our coin is through peer-to-peer exchange

Well , with peer to peer trading , people are still able to withdraw their money to Fiat currency without much stress and the knowledge of the government , so we are still very much in the game

 

[Heatman]

Recently I saw a new released by the central bank of Nigeria that cryptocurrency have been paced on ban that no band should accept any transaction that involves it. I WS first troubled when I read this news because many of my online investment are through cryptocurrency but later I had a deed sigh of relief because I know that it is very difficult for anybody to lock Nigerians out of a system without finding a solution. It's a matter of time.
Now my concern is this, what if the CBN decision is fully implemented and there is no way to go around it, how will it affect your online business?

Seriously, when it comes to cryptocurrency transaction in my country, I believe that there is nothing my government will do that will be able to stop me from making use of cryptocurrencies.

 

[GIFTMICHAEL]

That earlier decision stalled my progress with Cryptocurrency, cos I.was thinking about how I can sell, buy Cryptocurrency arbsame time. But finding Binance P2P method is the best.

 

[jeff87]

Recently I saw a new released by the central bank of Nigeria that cryptocurrency have been paced on ban that no band should accept any transaction that involves it. I WS first troubled when I read this news because many of my online investment are through cryptocurrency but later I had a deed sigh of relief because I know that it is very difficult for anybody to lock Nigerians out of a system without finding a solution. It's a matter of time.
Now my concern is this, what if the CBN decision is fully implemented and there is no way to go around it, how will it affect your online business?

It's unfortunate that there is banning of cryptocurrency in the country of Nigeria. I am not from the country of Nigeria so I am not affected by this cryptocurrency banning.

 

[GIFTMICHAEL]

At the moment the ban impose on cryptocurrency isn't affecting me cos I've discovered solution to do away with the ban and transact crypto frequently.

 

[BrolySSJ]

Recently I saw a new released by the central bank of Nigeria that cryptocurrency have been paced on ban that no band should accept any transaction that involves it. I WS first troubled when I read this news because many of my online investment are through cryptocurrency but later I had a deed sigh of relief because I know that it is very difficult for anybody to lock Nigerians out of a system without finding a solution. It's a matter of time.
Now my concern is this, what if the CBN decision is fully implemented and there is no way to go around it, how will it affect your online business?

I think that Nigeria will likely revise this stance with time and the reason that i am saying this is because they are in the process of developing their own digital currency and therefore this should show a certain level of acceptance towards digital coins.