Post
Topic
Board Nigeria (Naija)
Re: Bureau De Change Asking Government to Ban Binance to Save Naira
by
Igebotz
on 12/08/2023, 16:27:12 UTC
Nigerian government no go fit ban Binance P2P, dem fit ban Binance exchange but not the P2P, Binance exchange self no get license to operate for Nigeria (I believe dem no get head office here) so no how wey government wan ban dem unless dem go ban Nigeria IP (through the network providers) just as dem ban Nigeria IP from accessing Twitter few years back but dat one no mean say we no go fit access am as boys go run VPN continue our hustle. Make we leave dat side enter the impact of Binance P2P on the market, you know know say Binance P2P get one of the highest volume of dollar to naira trading for Nigeria and there's no how e no go get effect on the general market.

If Binance is banned in Nigeria then accessing the exchange with a VPN from a banned jurisdiction is against Binance T & C we hope it doesn't get to this point.

The fact that every new CBN Governor in Nigeria is usually worse than the prior ones is worrying; I believed the new one had a nice system in place before implantation with all his Naira/dollar trade unification ideas, but I was wrong; everything is now a shambles. The banks are weakening the Naira, but na the innocent Nigerians dey always take blame. Lol