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What does the future holds for cryptocurrency in your own country??

Sincerem

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Honestly I don't know what the future hold for cryptocurrency in Nigeria. I was surprised when I learnt it has been banned but am yet to understand the reason behind it and to know how serious it is for one to continue trading cryptocurrency.
I really don't know what to do now since Cryptocurrency is on the halt here in Nigeria. I wonder what must be running on their head for those political leaders to shout down the buying of Cryptocurrency with the fiat currency.
 

Profuk57

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It's just so sad what the government of my country are doing to try and stop cryptocurrency uses in the country. The future of cryptocurrency in Nigeria is still bright because this policy that the government just implemented is an ill-thought-out policy that will not last because this cryptocurrency merchants are going to Sue the Central Bank and they will win the case in the law court.
the new law banning cryptocurrency exchange in Nigeria Is not a good policy?
But I don't think that the cryptocurrency my chances are going to sue the cbn rather. I think there will be some dialogue and meet dcb any order to see how they can operate without breaking the current policy rule.
 

Tinaconcept

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I have been trying to find out too but there is no problem its a matter of time let's watch and see their action. Though they have not put any action in place now let's watch and see. Am sure most of them must have Bought and hold bitcoin so they will kick against it
 

Tariq Nazir

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Cryptocurrency has become a global phenomenom in recent years, although much is still to be learned about this evolving technology. There are many concerns and worries swirling around the technology and its capacity to disrupt
 

ESM

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Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
Cryptocurrency is the future means of transaction. But it is soo funny to heard about some underdeveloped countries shutting down the use of crypto.

It will really affect a lot of things in that country. Hoping for the best
[automerge]1612655257[/automerge]
Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
Cryptocurrency is the future means of transaction. But it is soo funny to heard about some underdeveloped countries shutting down the use of crypto.

It will really affect a lot of things in that country. Hoping for the best
 

westmania

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Sadly fool heads of government here banned crypto totally but still i am dreaming of stocking 600k doge this year honestly In Sha ALLAH Ameen. Our fool government dud not receive fiber network whdn first invited to take. result is fall behind several years back amd has to add underground ocean lines for 3x more cost.
 

Sincerem

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Cryptocurrency is the future means of transaction. But it is soo funny to heard about some underdeveloped countries shutting down the use of crypto.

It will really affect a lot of things in that country. Hoping for the best
[automerge]1612655257[/automerge]

Cryptocurrency is the future means of transaction. But it is soo funny to heard about some underdeveloped countries shutting down the use of crypto.

It will really affect a lot of things in that country. Hoping for the best
yeah Cryptocurrency is the future of online transactions. I really don't like what is going on now with my country concerning the banning of Cryptocurrency using fiat currency to buy it directly from the bank. I wonder what they want us to use and deposit Cryptocurrency in our respective wallet.
 

Veetos12

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Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
The future of crytocurrency in Nigeria is uncertain for now considering the fact that the government structure and policy of the nation do not give room to expansion of our economy through digital currency trade. The future seems bleak because the government think placing restrictions on trading crytocurrency would curb corruption of the nation which I don't see ending soon.
 

Ehizzy1

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Okay, I heard you right, some local exchange platforms are still accepting withdrawals of the coins directly to the local bank account. Maybe it affected oy naira deposit of Cryptocurrencies? That's what i think of right now.
I think this is true actually because how would they know that you are withdrawing bit co in, so the ban is actually on depositing because they would block those payments companies from actually executing crypto related transactions and others i think
 

Sincerem

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I think this is true actually because how would they know that you are withdrawing bit co in, so the ban is actually on depositing because they would block those payments companies from actually executing crypto related transactions and others i think
That is true, already it has happened bro, I tried to withdraw my funds through Bundle Africa exchange platform. But i was unable to do so, cos of the new restriction of naira to Cryptocurrency deposit. I'm very sad with this new changes, i really don't know why our country is causing us pains.
 

GIFTMICHAEL

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This is an unfavorable decision to halt cryptocurrency in Nigeria. The government need to revisit their decision in order to reverse this lack of good economical decision from our poor economist.
The former vice president of Nigeria raised an alarm concerning this unfavourable decision by the present administration.
 

kayode10

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Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
The people are very smarter than those guys at the helms of affairs in the country. one thing is certain is no matter how bad the policy they may come up with, people will always find a way around these policies. when I believe is that another opportunity is about to spring up that we can take advantage of in order to make more money for ourselves and our families. Someone just needs to watch out for it you know that we'll catch up with a trend. One thing I know is that with the policy people will still transact in cryptocurrency as there's nothing government can do about peer-to-peer trading of the cryptocurrency among the people.
 

Sincerem

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The people are very smarter than those guys at the helms of affairs in the country. one thing is certain is no matter how bad the policy they may come up with, people will always find a way around these policies. when I believe is that another opportunity is about to spring up that we can take advantage of in order to make more money for ourselves and our families. Someone just needs to watch out for it you know that we'll catch up with a trend. One thing I know is that with the policy people will still transact in cryptocurrency as there's nothing government can do about peer-to-peer trading of the cryptocurrency among the people.
Their is true, their is nothing government can do with P2P Cryptocurrency transaction method. Maybe we gonna divert to that one sooner, and not rely on the previous one. Even if the previous one looks good to do with, i believe that more better ways will come up.
 

Luckboy

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I don't think crypto currency have future in Nigeria right now but I believe with time come we will continue trading with crypto currency again Nigeria government are planning to ban crypto currency in Nigeria deposit and transfer when we are in twenty first century where crypto currency is what Evey country is using now even china is planning to build is own crypto currency
 

Ehizzy1

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That is true, already it has happened bro, I tried to withdraw my funds through Bundle Africa exchange platform. But i was unable to do so, cos of the new restriction of naira to Cryptocurrency deposit. I'm very sad with this new changes, i really don't know why our country is causing us pains.
Seriously have u withdraw it now , or i think you could use binance p2p exchange to withdraw , if you are really finding it hard , or try paxful , there are many methods you could make use of to withdraw your bit co in , incase you find it very hard to withdraw i think
 

Patrik

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I have seen news recently about blockchain being integrated in some domains such as the food one, but that was months ago, so i believe that cryptocurrency being used as a payment method here is just a matter of time
 

Cissé

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Just of recent in my country the government make unfavorable decision on crypto, that bank should not allow any transaction from any cryptos, that any bank that don't abide with the rule will be penalized and such customer account shall be block. But all I know is that very soon all this will end and crypto will be accepted in my country and in every other nation in the world.
 

Xerryl

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Unfortunately in under developing countries like Pakistan it is very difficult to implement cryptocurrencies for general use. Most people are uneducated and they don't even know about the use of cryptocurrency and there will be also big problems of its security and proper usage
 

lelakil3

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Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
Maybe their imposing in such that they want to regulate the cryptocurrencies and they want have the shares on it as the cryptocurrencies are freely maybe they have a conflict on each other so the country want to the closure of operation to the country.
 

Sincerem

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Maybe their imposing in such that they want to regulate the cryptocurrencies and they want have the shares on it as the cryptocurrencies are freely maybe they have a conflict on each other so the country want to the closure of operation to the country.
Hmm, they know the reason for such unfavorable decision they made around Cryptocurrency. Which in turn isn't looking good to us as Cryptocurrency lovers. I don't think the government consulted the well thought individuals around the country before making such disastrous decision they took that had the country gruelling.
 
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