Nigeria Have Been Banned Using Cryptocurrencies

[Authority 630]

Nigeria have been banned using Cryptocurrencies

 

 

Finally Nigeria did not accept Cryptocurrency any more it has been a while but Nigeria is no more interested in bitcoin anymore. 

[scofield64 943]

I also heard this news yesterday that central bank of Nigeria has banned Nigerian from buying and selling bitcoin and other related cryptocurrencies. This is really a bad news to crypto world. 

[Authority 630]

3 minutes ago, scofield64 said:

I also heard this news yesterday that central bank of Nigeria has banned Nigerian from buying and selling bitcoin and other related cryptocurrencies. This is really a bad news to crypto world. 

@scofield64Yes you are right Nigeria has been banned automatically from buying and selling of crypto currencies, because of the problem center bank of Nigeria is facing alot of issue with crypto currencies. 

[Authority 630]

20 minutes ago, hamza123a said:

Not only Nigeria bans the use of cryptocurrencies. Many countries prohibit the use of these currencies. Will this affect the price of cryptocurrencies?

@hamza123aYes not only Nigeria many country did not accept Cryptocurrency any more because in the year of 2019 Bangladesh decided to accept bitcoin also because of the important that Cryptocurrency have in future. 

[yonkii 3205]

Very bad move from an authoritarian government. It is this type of governments that ban cryptocurrencies. Those that want the people being slaves and work for nothing, for $1 or $2 payments daily. 

My best wishes to Nigerian people and I hope they know they don't need to trade directly from exchanges to banks, but use other payment methods to send money to banks instead. There are plenty P2P exchanges that will deal with Paypal, Western Union, Moneygram, or plenty other methods to keep trading and not have any bank block your account. Just remember to not send too much money all together, keep it simple and honest and keep communicating with other crypto users to find the way out of this. 

Edited February 7, 2021 by yonkii

[Oyetoyy 1444]

@AuthorityThis is really sad because a lot of Nigerians depend on this as a means of survival. The Government, despite the massive unemployment decide to also block another source of earning income without preferring any solution to alleviate people's suffering and those that will suffer as a result of this new policy. This is move is not only unnecessary but also a bad one. @scofield64 @hamza123a

Edited February 6, 2021 by Oyetoyy

[Linclon4 541]

Really that's a shocking news for the nigerian people. Because they will lose a huge opportunity to income some money. I don't know why they banned it. But I think this is not a proper desicion. 

[Ab.kalyar 527]

It really bad about cryptocurrency as there are many countries in the world where its use is banned and considered as illegal to use but I don't think why. Because the digital currency and cryptocurrency is a the future of the upcoming Era. So it can takeover the other currencies as paper currencies in the upcoming future so we should pay heed to these currencies also.👈

[Junaid 13579 28]

The use of cryptocurrencies was banned in Nigeria.  However, some other countries were banned. But my hope is that one day everyone will be allowed to use cryptocurrency and everyone will use it, because the use of cryptocurrency plays a very important role in the development of the country.

[Sypher9 1162]

That's sad news to our Nigerian colleagues who where holding there fortunes and dealing in crypto currency to face this challenge hope in future the issue will be resolved and allow them  to use crypto in their jurisdiction once again, otherwise it remains a great impact to the crypto world and block chain technology at large.

[Elibake64 162]

I hope that policies will change in the future and allow trading in cryptocurrencies because it will be a leader and increase in popularity in the near future. Cryptocurrency is the money for the future 

[scorpiali 5626]

In Nigeria there is a lot of users on crypto currency and the bank was banned the use of this technology like many others of countries but don't worry they don't legalise the  crypto already so the people will use it like normal 

[Ella1 316]

That's sad news to our Nigerian colleagues who where holding there fortunes and dealing in crypto currency to face this challenge hope in future the issue will be resolved and allow them  to use crypto in their jurisdiction once again, otherwise it remains a great impact to the crypto world and block chain technology at large.

[Authority 630]

On 2/13/2021 at 8:02 AM, Ella1 said:

That's sad news to our Nigerian colleagues who where holding there fortunes and dealing in crypto currency to face this challenge hope in future the issue will be resolved and allow them  to use crypto in their jurisdiction once again, otherwise it remains a great impact to the crypto world and block chain technology at large.

Yes it is main to be a sad news most country don't want Crypto currency any more with the main fact we are heading most country are ban from using Crypto currency the price of Bitcoin keep increasing because there are no more population of buyer and sellers of Crypto currency. 

[Authority 630]

1 minute ago, Ibrakay said:

Yes my dear friend this is a bad news to people in Nigeria because they will not be able to trade with their local currency but I think in the future Nigeria government might lift the ban and accept crypto currency

@Ibrakay Yes no need to deposit or even buying of Crypto currency exchange in Nigeria because of the issues with the CBN all the trading of Bitcoin has been stopped instantly Nigeria have noticed alot about Crypto currency that why CBN decide to stop any transaction of any Crypto currency. 

[Ashii 258]

I came to know about this news from your post. A sad news  for cryptography world. But there should be an awareness as it's a loss for Nigerian cities due to ever increasing demand and fame of bitcoins. Cryptocurreny is the money of future. Anyhow hope for best.

[Tala999 601]

It is true news, today in the morning it was circulated on the Internet. Nigeria has been banned from trading cryptocurrencies due to the problems facing the bank and the center.

[Ramossss 963]

Yes, you are right. I heard that Nigeria has been banned from using and trading in cryptocurrencies and the currency of Bitcoin and they say that the reason is due to a problem in the Central Bank of Nigeria and I think that most countries that prohibit the use of cryptocurrencies are afraid that their currency will be affected by this matter and find many fraudsters that can lead to this Decline in the national currency of these countries

[md.nayem01 0]

I work by investing. We make good income by investing. We collect different tokens and sell them if prices go up. BTC is the most popular currency. BTC LTC, ETH are the ones everyone likes when they work on crypto currencies

[Ghadrov 0]

This is sad news for the crypto world, despite the expansion of this world and the confirmation of its importance for everyone, there are some governments that prohibit the use of cryptocurrencies in their countries

[Siam50 923]

Dear friend, Nigeria has banned the use of their cryptocurrency currency.  The Central Bank of Nigeria has issued the directive.  This is because the government is squandering a lot of revenue through cryptocurrency, as a result of which everyone is joining and trading in crypto day by day, as a result of which the government is losing its huge revenue.  That is why the Central Bank of Nigeria has taken this decision.

[kryptonick 2659]

And later some from the Nigerian government opposed this. It seems that governments finally started understanding how pointless it is by them to keep banning. Since nobody will care, those that wanted to use crypto they will still will. Ban or not, in China this is the same, the most money and traders maybe are coming from the US but second is China, where Bitcoin is banned.

[Simon London 1749]

Hello everyone, how unfortunate this type of news, since they are prohibiting freedom will finance the people of Nigeria, I do not agree to this type of initiative, since the use of crypto is considered as the future, of finance and the world economy, since many operations, for the purchase of products and services, are going to be carried out, through digital currencies.

[Alice21 414]

Friend did not know anything about this news that Nigeria will no longer accept the use of cryptocurrencies, the truth is, I think it is a bad thing that they do not want to accept cryptocurrencies because it would benefit them a lot, that is what I think, but well, you have to accept that decision that you have made thanks for make this publication informing us.

[Jasmin123 698]

On 2/6/2021 at 2:53 PM, Authority said:

Nigeria have been banned using Cryptocurrencies

 

 

Finally Nigeria did not accept Cryptocurrency any more it has been a while but Nigeria is no more interested in bitcoin anymore. 

Dear friends I do not hear about it but I have read  about that news  there are many countries that are banned on the yobit but I have confusion is i cryptocurrency ban these countries to get it advantage from it or these countries Ban crypto Tolk please dear  friend if you know then please clear my confusion.