Quote from: Charles-Tim on Today at 05:16:58 PM

I posted this on our local thread some hours ago, I thought it was fake news, but it is true as I read it from Punch.
https://bitcointalk.org/index.php?topic=5121680.msg56274188#msg56274188

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From my experience every time this kind of news appears there is a lot of misunderstanding from it, so assuming you're more familiar with the matter of what does this circular really means and what status has a directive from CBN? Is it legally binding?

Has the CBN the power to issue a control on a financial institution or there must be first a case created by a prosecutor of another authority that is acting like a watchdog monitoring the banks with a case of wrongdoing against a bank or a financial institution for not implementing those restrictions? I doubt any central bank can start and control every single account in the country so there must be a trigger somewhere, a branch of either the cybercrime squad or whatever kind of policy you have there, so, if you manage to keep a low profile you might get away.

For the exchanges, it's probably game over but I think small p2p trade can still go on.
ATMs are done for also this form right? They probably are classified as OFI, no?

Quote from: Coolcryptovator on Today at 06:28:01 PM

Same here in my country, central bank ban Bitcoin but citizens are using it illegally, as a result, the government losing accumulate taxes from them. The same thing will be happening in Nigeria, bitcoin users will find some way to trade their assets.

I don't know the situation in your country but the ban is the same as this one?
If so, you should share a few tips on how one can avoid getting his account closed or how it can deal exchange without touching a financial institution. From my point of view is either rely on face2face or a foreign money transmitter that doesn't give a damn about regulation in Nigeria.
From what I can see Mpesa will no longer be an option either.

Quote from: dothebeats on Today at 07:30:58 PM

Most countries look up to Nigeria as one of the countries in Africa that is ripe for an economic boost, however if they keep on shutting down opportunities that come knocking into their front door

I find it ironic that every damn country that was cheered as the next Bitcoin heaven is turning out to be more of an enemy, Venezuela is implementing state-controlled wallets, India is thinking of a ban, Nigeria is doing so right now, which one is left?