Has much changed since our government fraustrated Binance?

[Cryptsafe]

They were trying to comply to the government when the send 2 executives, most probably to negotiate the fair amount in operating in the country but I think they find the government impossible to negotiate when they tried to detained the 2.

That time they didn't just negotiate to binance operation but also the lives of the 2. The chance of them getting back I think will be influenced by how the Nigerian government treats them.

Although they have been discharged by the Nigeria court but the battle between the government and the binance is still on and if the government would be fair enough with their conditions, I believe the binance team would better accept because they too would not want to miss out of the market as they already know that they are very much popular here in Nigeria compared to other exchange but the government is just being too greedy as displayed by the team heading the dialogue.

[DubemIfedigbo001]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

Yes, a lot and more positives for other exchanges as they gained more patronage from Nigerians, also it made some people like me get more exposed on CEX and have series of options when engaging in my crypto transactions, before it almost felt like Binance was the only CEX around and I depended heavily on only it.

On the ground of exploiting the currency, things only grew worse and if I can remember vividly, then $ was around #1400, but now its above #1700 and it was obvious Nigerian government wanted to exploit Binance, but were unable to do so, then had to proclaim an allegation against them in order to part ways with a reason.

[Agbe]

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Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

Little or nothing has changed about the naira to dollar exchange since the band on binance by the government saying that it is influencing the exchange rate of the currency the government is not telling the people the truth about the band because all what I can say is that there's a interest by the government of the day concerning crypto exchanging platform it's clear that they don't want anything called crypto to operate in the Nigerian market because if it where not so the exchange rate would have done way better than what we are currently experiencing because as of today the naira to dollar exchange in the exchange market is worst than before band it has showed that the government don't have the competence and capacity to stabilize the currency

[Axcel777]

The only problem wey Nigeria government dey get be say them too dey put eye for matter wey no dey relevant, see the kind fine wey Dem carry hit binance 10 billion naira that one sef show say them just dey after the money wey binance dey get from these exchanges but Dem go talk say them dey try keep banks functioning. But. Make e no shock you say them dey into these exchanges too. Na secretly them dey run am.

There is one of the issues that can be viewed as an obvious one – the focus of the government often is more concerned with such problems as the policies against the organization like Binance than with the issues that are vital for the people. The large fines imposed may purport to be in pursuit of revenue while sector such as banking truly deserve a real consideration to operate at optimal level. This state of affairs sometimes brings to gastronomical suspicion of their real motives more so if they are accused of secretly engaging in the affairs they are supposed to regulate. Perhaps, the awareness will increase regarding the actions that bring phenomenological gains to the larger population.

[target]

They were trying to comply to the government when the send 2 executives, most probably to negotiate the fair amount in operating in the country but I think they find the government impossible to negotiate when they tried to detained the 2.

That time they didn't just negotiate to binance operation but also the lives of the 2. The chance of them getting back I think will be influenced by how the Nigerian government treats them.

Although they have been discharged by the Nigeria court but the battle between the government and the binance is still on and if the government would be fair enough with their conditions, I believe the binance team would better accept because they too would not want to miss out of the market as they already know that they are very much popular here in Nigeria compared to other exchange but the government is just being too greedy as displayed by the team heading the dialogue.

If the government can struck a fairer deal for long term effect in the country, I think hink Binance will consider unless there is a corruption in the government where officials can't fix their share which Binance will have to wait for the next administration.

In this case, there is no deal to wait for. Binance knows they are still the number one exchange in the world, they won't mind if a country excludes them.

[Cryptsafe]

They were trying to comply to the government when the send 2 executives, most probably to negotiate the fair amount in operating in the country but I think they find the government impossible to negotiate when they tried to detained the 2.

That time they didn't just negotiate to binance operation but also the lives of the 2. The chance of them getting back I think will be influenced by how the Nigerian government treats them.

Although they have been discharged by the Nigeria court but the battle between the government and the binance is still on and if the government would be fair enough with their conditions, I believe the binance team would better accept because they too would not want to miss out of the market as they already know that they are very much popular here in Nigeria compared to other exchange but the government is just being too greedy as displayed by the team heading the dialogue.

If the government can struck a fairer deal for long term effect in the country, I think hink Binance will consider unless there is a corruption in the government where officials can't fix their share which Binance will have to wait for the next administration.

In this case, there is no deal to wait for. Binance knows they are still the number one exchange in the world, they won't mind if a country excludes them.

When the corrupt practices of those incharge of such sensitive dialogue comes in play, things of this nature gets flopped and lagging behind. Since the beginning of this case, there have been lots of revealed dirty deeds of the officials incharge by the binance officials which have made the dialogue come to futility.

Binance is ready for a dialogue but I think the policies are not favourable to them to operate and are still open and willing to have a good dialogue but however the case is, binance would not bother themselves because other markets are available for them and can do without Nigeria Crypto market.

[Asiska02]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

I thought the money laundering case have been dropped already. Nigeria seem to be very clueless on how to go about the Naira depreciation and chased the wrong path to make the Nigerian Naira more valuable. When you check our foreign exchanges with other country, dollar is what is being used to transact on the international level which gives more strength to dollar and make naira lose more value. When we focus more on exportation rather than just importation all the time, we may get a better result and our currency will become more valuable in the international market.

 They went after binance and blame them to be the cause of the naira depreciation, now that they’ve understood that is not the cause, I hope they bring them back to action because they happen to be the best exchange and the one most Nigerians trust and use on a daily basis even when they were being sanctioned by the Nigerian government.

[Cryptsafe]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

I thought the money laundering case have been dropped already. Nigeria seem to be very clueless on how to go about the Naira depreciation and chased the wrong path to make the Nigerian Naira more valuable. When you check our foreign exchanges with other country, dollar is what is being used to transact on the international level which gives more strength to dollar and make naira lose more value. When we focus more on exportation rather than just importation all the time, we may get a better result and our currency will become more valuable in the international market.

 They went after binance and blame them to be the cause of the naira depreciation, now that they’ve understood that is not the cause, I hope they bring them back to action because they happen to be the best exchange and the one most Nigerians trust and use on a daily basis even when they were being sanctioned by the Nigerian government.

We all know why the Nigeria government is chasing after binance. This is not a naira valuation matter, those guys are just after their pocket and what they would benefit from the chase if binance gives in to their demands that's all. They do not care what the value of naira at exchange rate is, they are just there for their selfish interest and what they could milk out of binance and binance being so smart and knowing what they are up to refused to give in to their demand hence the arrest of their officials.

If the government claims they are really looking at ways to curb the drastic decline in naira value, they should implement good policies to encourage exportation of locally produced goods, a good and favorable policy and environment for foreign investors, our leaders should stop the importation of luxurious goods with tax payers money claiming it to be their allowance and all sort of the cock and bull tales they come out publicly to make. Only then we would know they are serious about the naira value depreciation.

[Axcel777]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

I thought the money laundering case have been dropped already. Nigeria seem to be very clueless on how to go about the Naira depreciation and chased the wrong path to make the Nigerian Naira more valuable. When you check our foreign exchanges with other country, dollar is what is being used to transact on the international level which gives more strength to dollar and make naira lose more value. When we focus more on exportation rather than just importation all the time, we may get a better result and our currency will become more valuable in the international market.

 They went after binance and blame them to be the cause of the naira depreciation, now that they’ve understood that is not the cause, I hope they bring them back to action because they happen to be the best exchange and the one most Nigerians trust and use on a daily basis even when they were being sanctioned by the Nigerian government.

We all know why the Nigeria government is chasing after binance. This is not a naira valuation matter, those guys are just after their pocket and what they would benefit from the chase if binance gives in to their demands that's all. They do not care what the value of naira at exchange rate is, they are just there for their selfish interest and what they could milk out of binance and binance being so smart and knowing what they are up to refused to give in to their demand hence the arrest of their officials.

If the government claims they are really looking at ways to curb the drastic decline in naira value, they should implement good policies to encourage exportation of locally produced goods, a good and favorable policy and environment for foreign investors, our leaders should stop the importation of luxurious goods with tax payers money claiming it to be their allowance and all sort of the cock and bull tales they come out publicly to make. Only then we would know they are serious about the naira value depreciation.

If, indeed, the government’s main goal is to build the value of the naira, the measures required are those that would further demand for tangible GDP. One, increase local production; second, open up export space; and third, make the environment appealing to investors – domestic and foreign. The public resources should be spent involving efforts that will indeed bring development that is, development that will benefit the larger public not a selected few or an individual. By acting authentic and sustainably in the people’s interest, more confidence will be placed on the leadership, and more sound and higher economy will be developed in the future.

[Cryptsafe]

If, indeed, the government’s main goal is to build the value of the naira, the measures required are those that would further demand for tangible GDP. One, increase local production; second, open up export space; and third, make the environment appealing to investors – domestic and foreign. The public resources should be spent involving efforts that will indeed bring development that is, development that will benefit the larger public not a selected few or an individual. By acting authentic and sustainably in the people’s interest, more confidence will be placed on the leadership, and more sound and higher economy will be developed in the future.

The naira value depends on the economic strength of the nation, yes Nigeria is very much endowed with natural resources and human capacity but the people at the helms of affairs are bereft of ideas to lead the nation or they are just being blinded by their greed.  They do not care about the masses who voted them into power and they have no conscience to have a second thought of their actions but rather they prefer to do whatever pleases them.  With all these in play, the government would only try to make it as if they are trying their best to fight inflation and the naira devaluation which you and I know very well it is the last thing they are thinking of but rather how to accumulate more to themselves. The masses long lost confidence in the system and it seems nobody cares anymore how they run the government again hence the silence and the poor being trapped in the economic and left to their own fate.

[Axcel777]

If, indeed, the government’s main goal is to build the value of the naira, the measures required are those that would further demand for tangible GDP. One, increase local production; second, open up export space; and third, make the environment appealing to investors – domestic and foreign. The public resources should be spent involving efforts that will indeed bring development that is, development that will benefit the larger public not a selected few or an individual. By acting authentic and sustainably in the people’s interest, more confidence will be placed on the leadership, and more sound and higher economy will be developed in the future.

The naira value depends on the economic strength of the nation, yes Nigeria is very much endowed with natural resources and human capacity but the people at the helms of affairs are bereft of ideas to lead the nation or they are just being blinded by their greed.  They do not care about the masses who voted them into power and they have no conscience to have a second thought of their actions but rather they prefer to do whatever pleases them.  With all these in play, the government would only try to make it as if they are trying their best to fight inflation and the naira devaluation which you and I know very well it is the last thing they are thinking of but rather how to accumulate more to themselves. The masses long lost confidence in the system and it seems nobody cares anymore how they run the government again hence the silence and the poor being trapped in the economic and left to their own fate.

The affluence as well as prosperity of a nation hinges primarily on the efficiency with which a nation’s human and material capital is mobilised in pursuit of national welfare. Once the confidence in the system is lost, one tends to resent something that seems unfavourable to their situation. But as citizens we are expected to speak out for the transparency, accountability and polices that are in the best interest of people.

It can be stated that the introduction of the collective awareness and active sense-making for a decision-maker can increase the prospects of the refinements. Therefore, in difficult conditions, it is possible to start with preserving unity and creating local actions, which will lead to the improvement of the situation.

[Agbe]

Little or nothing has changed since our government band finance from operating in our country space because with the latest report that was published last week by a world report on crypto currency Nigeria is the second country with the highest level of crypto awareness that is to tell you how interested that Nigerian are when it comes to crypto related activities
There is little or nothing that our government can do now that will stop Nigerian from enjoying the potentials that Bitcoin holds

[Penlex_Writer]

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

i see it as stratagies,after nigeria governments blocked binance till now no much changes,according to nigeria governments they said money launderers where using them to excute criminals,why still without the binance the criminality occurs.

[Chilwell]

Like I'll always say, our government are just confused.. they want to limit fingers so th public will say that they are actually working to fix the country whereas they have other reasons for their irrelevant actions. I was hearing the other day that the binance official who was sent to make deal with the government is still in custody. Like what crime did he commit for them to keep him there for so long. It's not fair at all.. naira is already long gone, try are the problem and they should fix their mess then self instead of looking for people to blame.

I don't think the government is confused, they are not willing to do anything for the betterment of the country. Government is just doing what he did not suppose to do, I don't think that they are trying to develop or protect the country against binance and other peer-to-peer exchanges, they are doing it for their own selfish purpose. Binance exchange has not cause any harm to the country. Why did they put the binance official in their custody, if government allow people to transact in peer to peer it will bring growth and development to country.