During the 279th MPR meeting held today in Abuja, the CBN Governor, Godwin Emefiele assured Nigerians that digital currencies will have a place in the country.
CBN’s Emefiele said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the best. Don’t get me wrong, some may be legitimate but most are illegitimate.”
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Under cryptocurrency and Bitcoin, Nigeria comes 2nd while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.”
Emefiele voiced his concerns surrounding digital assets using the CEO of Tesla, Elon Musk’s uncertainty as an example.
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“We saw the market collapse. Initially, when Elon Musk tweeted around the time when we said our banking and payment facilities are no longer available for cryptocurrency transactions and he tweeted that he will invest $1.5 billion and the price (Bitcoin) went up. He now tweeted and raised a few concerns and the thing (Cryptocurrency) plunged.”
After stating his concerns, the CBN governor went on to say, “We are committed in the CBN and I can assure everybody that digital currency will come to life even in Nigeria.”
If like make it live or not we’re still trading
If Nigeria CBN like it or not we Nigeria citizens cannot stop using crypto currency’s
Can u imagine how this clueless man spoke about Lord Elon,when a business man is talking ignorance like this sees negativity in his idea..Can u imagine how this shameless Emefuele explain cryptocurrencies?, failure emefuele you and ur failed cohort can’t give what u don’t have,all of u are bunch of minors brain. Fela already said “Animals can’t dash us our right?
True thank you
?.. Oga go and publish your family and your village member. You can’t kill P2P.
? naso ✊
Lol I swear
Please let’s all embrace Agricoin via Agrichainx blockchain Technology as our own Cryptocurrency since Agriculture was once the main source of earning for Nigeria which we are returning to.
I am sure this guy must have device a means through which they will embezzle money from our crpto transactions (by high tax or charges or any other mean) before this man could come out and say this. I sure will be here watching
You must be very stupid the cbn governor
You guys said we are the leaders of tomorrow but don’t give us work
Now we have found a way of making money for ourselves and you are here talking rubbish on banning crypto
Currency ? if you ban am, if thunder no strike you dead make I die idiot
Stupid man
Business
He has no valid basis for the actions of the CBN!
Sir, you’re not alright, ban everything even yourselves. We do not care. You and your government have failed us, but guess what? Posterity will judge you and you all in government today. Watch out!
May GOD bless you for that promise , pls fulfill it for we are really in need of it sir.
Bringing Bitcoin to Nigeria will be the greatest thing Nigeria will ever do for me .
Welcome development. But the CBN are not proactive
So what about Tbc which was in Nigeria before people are still having it
Talk about coin with good usecase, not scam coins
Foolish thinking you can’t give what you don’t have call us to guide you through Cryptocurrency
I love it
Thank you very good
This is CBN Govnr’s opinion which bears no relevance what cryptocurrency represents. Such high level ignorance isn’t surprising bearing in mind the mentality of those controlling Nigeria’s fiat currency. Cryptocurrency is future money storage that will incapacitate banks be it central or otherwise. Everyone must embrace cryptocurrency now or be left behind.
Exactly!
You are on point bro,educate these fools.
We are happy on that coin currency
We should start using our own Nigeria Cryptocurrency #Zugacoin as a means of transaction
A what setart business
Its about time we move forward
God bless the CBN governor.
Why is he speaking from both sides of his mouth? Clueless!
I’m not surprised with his comment ,he shows the degree of his ignorance about the new world..CLUELESS BUNCH OF LEADERS…
Lol
We are happy to here this because we need cyreptocurenc to be excessing in naija
Naira is just falling, I prefer to just convert everything to crypto, but…
Hey guy’s contact me if you wanna sell your BTC or gift card BNB as well 09039947190 anyhow them do am we go survive
Yea,we go survive
Which is he saying would come? Because it has not left before,I still buy and sell. Foolishness
Yes we are the 2nd in crypto and bitcoin because the economy in the country is never favorable to the youths rather it’s only favoring those in politics.
And since we the youths are not contained in our economy that’s why we have no choice than to do the crypto which involve other countries economy.
Nigeria is not favoring the youths, yet they hunting where our livelihood bacon.
The same CBN Governor who declared crypto currency as illegal money is now promising to bring crypto to Nigeria. He sure suffers from acute ‘Lieing Muhamed Syndrome.’
“Some maybe legitimate but most are illegitimate”. What a big idiot
Appriated,
What we needed in our new Nation
Is that thanks to the Nigerian
Government
We have unbank the bank, whether there is bank or not crypto currency trading can never stop in Nigeria… I still buy and sell every day.
Is this man truly an Economist?Chai Nigeria with Carpenters in Tailors offices..how can they give us befitting fashion trend when they are all Carpenters in Shoemakers office..
Is OK ooooo talking things in CBN
Well done sir, for your promises
But please let it not be the other promises the politicians promise us without fulfilment…
Keep to your promise, is very important sir
It’s a welcome opinion. Besides, CBN has no option because cryptocurrency is the money that the world will take as legal tender.
Success
We appreciate if fulfill you ambition.
I thank u Sir but try to fulfil it sir
Ok give us a list of the legitimate ones. Chai! How did I find myself in this country?
Crypto is the only way for Nigeria Youth to survive…. CBN gov. No nothing about digital currency… Course they can’t manipulate it… Except they want to buy the I’m
Ongoing dip….
Please releave inksnation pincoin to the Guy.. He has good intentions for the masses in Nigeria.
I invest on DW Arerben but because of issue of CBN freeze the account the company have not paid ppl they money, pls Governor of CBN I’m bagging u in the name of God unfreeze the account u block so ur ppl will survive pls sir.
CBN Governor has something good for Nigerians,pls give him time, cryptocurrency, eg Pinkoin would be the savior.
Is better to consider Inksnation Pinkion, because is a reserve cryptocurrency it we favour our country Nigeria
Promote Pinkoin with immediate effect bc it’s the most affordable genuine bail out from Poverty Headquarters!!!
What’s the fate of bitcoin. Is it a good time to invest in it?
You are a fool sir you think you can stop the good work of God..I don’t blame you I blame who put you there
I sincerely doubt the integrity of this man who lacks understanding
Please what’s the best way to start trading crypto
Good to go
Please let him embrace pinkoin as our solution to poverty in our country if he so love Nigeria you and the government to survive in peace. He should advice government to take pinkoin as a means of payment and settlement of debt.
CBN governor where are you before ? crpto is the answer.