Waiten you think about naija government concerning Bitcoin/crypto

[Wiwo]

My people I say make I bring this one up here Becassine of what I am seeing on the news lately concerning naija government and their crypto regulations, because this format be like stick and carrot approach in politics.

While on the one one government is having a climb down ibad actors in the cryptocurrency space within naija and making a general statement that affects the legit cryptocurrency users like ourselves.

This news recent crypto exchnage approvals by the sec and all the progress that have been made as regards to cryptocurrency within Nigeria this gives alot of sense to discuss as to how far the development have gone within thos time.

[Hatchy]

I actually came across that news online about the Nigeria sec approving of crypto in Nigeria, saying that all exchanges ar now allowed to operate between Nigeria borders. Though the statement wasn't surprising a bit as Nigerians have always traded crypto with or without the approval of the government, I still feel that we should be concerned about it. The higher ups makes decisions sometimes when they know clearly that most Nigerians doesn't care about their opinion. They claim to be crypto friendly but then many time we've seen how they attack Nigerians over it.

[Roseline492]

I feel is a way for them to start knowing people who are into cryptocurrency in the country through bank deposit to exchanges because they would definitely alert banks to allow people to use it as the way they were doing it before so that by the time another policy is being introduced then it became easier for them, so actually on that note even if they ask everybody to be using the deposit method I cannot do it because there might be an unforseen circumstances in the future.

[Mate2237]

I never see that news you for add link to the site so we for read more information about the news. As for me the way I see Nigeria and cryptocurrency is very far. Nigeria government e no dey ready for anything cryptocurrency and anything dem dey tok na for fallacy. Dem dey use am deceive people. When Nigerian government e ready for cryptocurrency I go know and not now.

[Cryptsafe]

I think the government is up to something because, from the onset, they have always had issues with crypto enthusiasts and traders coupled with CEX as well, all in the name of raking in tax and other benefits due them. I would not be surprised if the government would tell the bank to allow their customers to do direct crypto trading to take statistics of the overall crypto traders in the country so they could begin their dirty work.

Using direct transfer from any CEX would be the last thing I would ever do because the moment you do that, the bank already knows and would take record of your transactions, waiting for the government to come after you. It is better to stick to p2p than to get yourself entangled in such a situation.

[Celph]

I think the government is up to something because, from the onset, they have always had issues with crypto enthusiasts and traders coupled with CEX as well, all in the name of raking in tax and other benefits due them. I would not be surprised if the government would tell the bank to allow their customers to do direct crypto trading to take statistics of the overall crypto traders in the country so they could begin their dirty work.

Using direct transfer from any CEX would be the last thing I would ever do because the moment you do that, the bank already knows and would take record of your transactions, waiting for the government to come after you. It is better to stick to p2p than to get yourself entangled in such a situation.

   For real brother.
  I still dont seem to understand why the Nigerian government are so uninterested on crypto affairs.Developed countries like America and the rest of them seem to be very interested in it’s (crypto) dealings but our government does the direct opposite for reasons i dont seem to understand till now.
   Transactions of funds made with the description of crypto from out local banks and the rest of them would be seized or withheld by these firms.It’s almost as if the government is against us winning for real.
   I hope by the next election; a good president would be voted for; someone who puts crypto to mind just like other good presidents.We sef don tire!

[Cryptsafe]

I think the government is up to something because, from the onset, they have always had issues with crypto enthusiasts and traders coupled with CEX as well, all in the name of raking in tax and other benefits due them. I would not be surprised if the government would tell the bank to allow their customers to do direct crypto trading to take statistics of the overall crypto traders in the country so they could begin their dirty work.

Using direct transfer from any CEX would be the last thing I would ever do because the moment you do that, the bank already knows and would take record of your transactions, waiting for the government to come after you. It is better to stick to p2p than to get yourself entangled in such a situation.

   For real brother.
  I still dont seem to understand why the Nigerian government are so uninterested on crypto affairs.Developed countries like America and the rest of them seem to be very interested in it’s (crypto) dealings but our government does the direct opposite for reasons i dont seem to understand till now.
   Transactions of funds made with the description of crypto from out local banks and the rest of them would be seized or withheld by these firms.It’s almost as if the government is against us winning for real.
   I hope by the next election; a good president would be voted for; someone who puts crypto to mind just like other good presidents.We sef don tire!

Obviously, those guys are up to something, and the only thing I can say is that the Nigerian crypto community should be wise and smart not to allow them get at them. Avoid direct bank transactions for crypto because if dealing directly, the crypto exchange would definitely have an indicator for the bank to know the nature of the transaction without you knowing because you are trading with their indicator compared with p2p, which requires the vendor to pay from their back then you release the coin. So it is better we act smart than be caught in the web.

[Wiwo]

I never see that news you for add link to the site so we for read more information about the news. As for me the way I see Nigeria and cryptocurrency is very far. Nigeria government e no dey ready for anything cryptocurrency and anything dem dey tok na for fallacy. Dem dey use am deceive people. When Nigerian government e ready for cryptocurrency I go know and not now.

You suppose done see or read about amm by now na, because the local exchange licensing made a lot of waves on the internet I'm the heat of the cryptocurrency climb down when most and all exchanges were forced to close their naira p2p window, some few p2p cryptocurrency exchanges were licensed to operate after paying a huge amount to get the license approvals and to meet the criteria to operate a centralized p2p exchange.

[SmartGold01]

This news recent crypto exchnage approvals by the sec and all the progress that have been made as regards to cryptocurrency within Nigeria this gives alot of sense to discuss as to how far the development have gone within thos time.

Well to be sincere I no really understand how 9ja people dey take run their own things because this could be like something they want to pull out companies to settle back to Nigeria such as Binance, and other few exchanges. And again, I don't know if this could have effects towards the users because if they says that the first thing to do is remove the restrictions they placed in cryptocurrency trading and transactions.

[Sim_card]

I actually came across that news online about the Nigeria sec approving of crypto in Nigeria, saying that all exchanges ar now allowed to operate between Nigeria borders. Though the statement wasn't surprising a bit as Nigerians have always traded crypto with or without the approval of the government, I still feel that we should be concerned about it. The higher ups makes decisions sometimes when they know clearly that most Nigerians doesn't care about their opinion. They claim to be crypto friendly but then many time we've seen how they attack Nigerians over it.

Nigeria government has confirmed cryptocurrency to be security and for that reason crypto is fully legal in Nigeria. No need to dey fear again say government go arrest you say you dey into crypto. However, the have also said that they will be taxing the cryptospace, so any form of tax wey you see for exchanges now, just pay without complain. This is what they should have done and regulated since the onset.

[Cantsay]

Nigeria government has confirmed cryptocurrency to be security and for that reason crypto is fully legal in Nigeria. No need to dey fear again say government go arrest you say you dey into crypto. However, the have also said that they will be taxing the cryptospace, so any form of tax wey you see for exchanges now, just pay without complain. This is what they should have done and regulated since the onset.

If this was a country with a system that was working then I would have been a little relieved after reading your post but the fact that the system isn’t working makes that very difficult to accept.

Even with this news, you’ll still see those military personnel stopping people and harassing them for being engaged in crypto - claiming that they are scammers; I know that this is a bit different from the topic at hand but I feel it’s important to mention it since it’s the government negligence that gave more power to this so called law enforcement agencies who were supposed to have the interest of the public safety in mind.

[Asiska02]

My people I say make I bring this one up here Becassine of what I am seeing on the news lately concerning naija government and their crypto regulations, because this format be like stick and carrot approach in politics.

While on the one one government is having a climb down ibad actors in the cryptocurrency space within naija and making a general statement that affects the legit cryptocurrency users like ourselves.

This news recent crypto exchnage approvals by the sec and all the progress that have been made as regards to cryptocurrency within Nigeria this gives alot of sense to discuss as to how far the development have gone within thos time.

I never hear of come across the news before sha but this one na good development if them really mean am and go really make am happen as them talk so. We the citizens don already show them say we no fit they tempted with all this their regulations wey dey make people like us wey they in to the crypto fir they panic to move us at all.

Them know wetin good fir we people and them know how to take make things well. I no dey surprise about this that much again sha because one of the countries wey out naija government get close ally with, which is the American government don already show their support and likeness to the technology, so them go wan follow suit and dy on standby make them no dey left behind.

[Sim_card]

Nigeria government has confirmed cryptocurrency to be security and for that reason crypto is fully legal in Nigeria. No need to dey fear again say government go arrest you say you dey into crypto. However, the have also said that they will be taxing the cryptospace, so any form of tax wey you see for exchanges now, just pay without complain. This is what they should have done and regulated since the onset.

If this was a country with a system that was working then I would have been a little relieved after reading your post but the fact that the system isn’t working makes that very difficult to accept.

Even with this news, you’ll still see those military personnel stopping people and harassing them for being engaged in crypto - claiming that they are scammers; I know that this is a bit different from the topic at hand but I feel it’s important to mention it since it’s the government negligence that gave more power to this so called law enforcement agencies who were supposed to have the interest of the public safety in mind.

That's why in whatever crypto activities that you are engaged in, you should pipe low to aviod waste of time by these people because if you lose guard and allow tjem to start interrogation, you don't know where it will lead you to. This country police are too corrupt that they go against the law. If not, if you carry them go court, you go win the case since government don approve am.

[Cantsay]

That's why in whatever crypto activities that you are engaged in, you should pipe low to aviod waste of time by these people because if you lose guard and allow tjem to start interrogation, you don't know where it will lead you to. This country police are too corrupt that they go against the law. If not, if you carry them go court, you go win the case since government don approve am.

The way this country dey now whoever Dey involved in crypto no even suppose make two ears hear about am because not only will policemen stop you to harass you on the way, but your neighbors too you never really sabi wetin dem they think for mind so if you loose guard go dey cast am say nah crypto you dey do dem go reason say you nah one kind big man or woman and kidnapping fit even enter the talk.

[Agbe]

You for drop link to the tori. I never see and hear am. Naija government don't even know how to do things. Dem dey use force for everything. Cryptocurrency would have been a good thing for them to make money. That Enaira app would have been link to cryptocurrency as government own exchange wey bi say dem go take tax from transactions like the way other exchanges dey do but them dey fight against cryptocurrency through the exchange. No be this government because the government hate cryptocurrency. Even now some people still dey fear say government go arrest them if them come out with their crypto business.