Crypto Vs CBN: See How Nigerians Reacts As CBN Bans Shuts Down Cryptocurrency Exchange Bank Accounts—-Tons of reactions has his the media space following the ban of cryptocurrency exchange bank accounts across the country.
The Genius Media Nigeria reports that this came after The Central of Bank of Nigeria’s (CBN) reportedly sent out a directive to shut down cryptocurrency exchange bank accounts.
This means access to crypto transactions linking to banks account, buying crypto with debit cards and withdrawing crypto to bank accounts has been banned.
See some of the reactions from Nigerians below.
Omoh, 2 years now Crypto have been everything, paid my final year school fees, paid my rent, did my school project, got a good Android phone, all because of trading cryptocurrencies. Nigeria don't like anything giving us hope to keep living. #WeWantOurCryptoBack
— cod3d.eth ♥️ + 💡 (@CodedUpdate) February 5, 2021
https://twitter.com/klv_lover/status/1357690047814750212
The Nigerian government forgot that people where dealing in crypto before banks started being middle men… I go still dey run my thing without banks
— Class Captain (@therealkaykerry) February 5, 2021
Crypto Market in Nigeria is going to be higher than World market
— MARO (@KvngDaniel) February 5, 2021
Like seriously cuz I don't see why banning crypto should be the priority of Nigerian govt when there other pressing issues to deal with. Misplaced priorities ffs😞
— ⚔Alonge Marvix ⚔ (@olayinka3390) February 5, 2021
As much as possible, I try not to comment on government policies but instead read up on them and discuss with experts within my network however, regarding this “systemic crypto ban”, I am very disappointed. This tender , research suggests is the future, should not be curtailed.😔
— Dr. Ifeanyi Okpala (@Okpala_IU) February 5, 2021
One thing is for sure, Nigerians will still find a way around this whole crypto stuff.
After all some persons have foreign accounts.— Mike (@SkillaMike) February 5, 2021
CBN decided to fight techies , not just in Nigeria but all over the world, the won't win!
welcome to the #crypto wars pic.twitter.com/Yk7SP9yOuB
— lord starkphils (@Starkphils) February 5, 2021
Have been hearing about Crypto, Forex trade, Bitcoin. The most painful thing is I don't have who could show me how they do these. So painful 😭😭😭
— Oluwaseun (@Holuwaseun28) February 5, 2021
MMM operated a porous centralised model while,
Crypto runs a decentralized architecture which offers several listed options on ICOAs we know,"central" bankofNaija sees the imminent fear of the alternate currency adoption. There's evolution of currency & blockchain is the key https://t.co/K7P9p6oBPS
— Dayo SUARA | Pan-African Realtor🏞️🏘️ (@Dayo_TheRealtor) February 5, 2021
Banned banks from allowing customers sell and buy crypto
— Rashidat Jimoh (@Rashidatjay) February 5, 2021
Can't buy crypto with Bank deposits
Can't buy Crypto with Visa and Mastercard
Can't withdraw Crypto to BanksNigerian government enough is enough #WeWantOurCryptoBack #EndSARS
— GR83ST🧸👨🏽💻 (@_deGOAT) February 5, 2021
CBN banning crypto, has to be one of the worst decisions I’ve ever witnessed, but we go DOGE am.
— Kaycee🤟 (@Kayceeubah34) February 5, 2021
https://twitter.com/levyngrey/status/1357691418559602689
The CBN @cenbank Needs to explain to Nigerians why the restrictions on Crypto is neccessary and how it will help us average citizens and the nigerian economy.
It's doesn't make sense to me— Onyekachi Elbalmy (@eLanBalmy) February 5, 2021
https://twitter.com/OMOlSSY/status/1357686866770804739
Buhari govt will never recover from the aftermath of #EndSARS. Crypto played a key role during that protest and they're already preparing the stage to attack crowdfunding for any plan Soro Soke Generation have towards 2023.
They have control over MMO, bank accounts, now crypto.
— Ayemojubar (@ayemojubar) February 5, 2021
If this policy of banning #Crypto came way back in 2017 or so, this government can still be excused. But in 2021, with massive adoption? Institutional inflow? Introduction of Decentralized Finance? Haabaaaa!! We should be forward thinking na. The "joke" is on Nigeria #Buhari.
— Thom-Mak (@MakanjuolaThom2) February 5, 2021
