February 7, 2021, 12:59 PM WHAT

New Inform 7 hours that do not pass

Nigerian cryptocurrency bans the Central Bank of Nigeria [CBN] Announcement to trade with crypto [Dogecoin, Bitcoin, Ethereum] no dey new. Yes! We weren’t happy for oda big kontris all over the world beforehand.

The Central Bank of Nigeria on Friday prevented banks and financial institutions for West African nations from trading cryptocurrency or facilitating payment for exchanging cryptocurrencies – weda na cyto coin or crypto token.

A financial operator at the latest [Providus bank] Do not suspend virtual payment services and only look forward to a new order from CBN.

Local media for Nigeria reports that the central bank’s decision was not taken [CBN]Because of the warning we received from the United States Federal Bureau of Investigation [FBI]Regarding the activities of scammers using Wey Dey, they are using cryptocurrencies to bring in hundreds of millions of dollars that Wey Dey illegally sources into Nigeria from the US and western countries.

According to reports, some Wayo Pipo Dey are sending millions of dollars to Nigeria via cryptocurrencies, making it difficult for authorities for both Nigeria and the US to track down the illegal money.

It’s not just Nigeria that bans cryptocurrencies.

Some oda Contriess have not made a similar decision in the past;

[China] The Chinese authorities are ordering the closure of the Bitcoin exchanges for the capital.

Wetin we call dis foto,

Chinese regulators are giving strict instructions on how Bitcoin exchanges must stop slide operations

For September 2017, China will begin shutting down bitcoin exchanges for di kontri, starting with trading platforms for key cities.

The orders all Bitcoin exchanges for Beijing and Shanghai to submit plans for end-slide operations by September 20.

The move follows the decision by the Chinese central bank to ban the first coin offering in early September.

The Chinese authorities have decided to ban digital currencies as part of a plan to reduce financial risks.

A website set up by China’s central bank warns that Pipo Dey is seriously using cryptocurrencies “as a tool for criminal activities such as money laundering, drug trafficking, smuggling and illegal fundraising.”

For April 2019, the Chinese Economic Planning Agency even added the creation of Bitcoin to the list of activities that are prohibited.

For a notice from the Agency published online in Mandarin, add to this; “Virtual Currency Mining Activities [including] The Bitcoin production process “to the list of industries wey going to shut down.

To suggest that the power of industry is consuming the pollution and wasting resources.

[Iran] The authorities prohibit banks from trading cryptocurrencies for Iran

Wetin we call dis foto,

The Iranian central bank bans the use of cryptocurrencies for financial centers

For April 2018, the Iranian central bank bans the ODA banks from trading in cryptocurrencies.

Wayo Pipo Fit says that making Bitcoin “a means of laundering money and financing terrorism” and “a means of remittance of criminals’ money”.

The Iranian currency fell well to the all-time low in early April 2018.

Banks, lending institutions, and forex exchanges are now trying to avoid selling or buying digital currencies.

Even in June 2019, the Iranian authorities confiscated 1,000 Bitcoin mining machines from two former factories due to increased electricity consumption.

According to the Department of Energy spokesman, demand for electricity has increased by 7% for June 2019, and the mining of cryptocurrencies is the main cause, according to the Department of Energy spokesman.

[India] The Indian central bank bans trading in cryptocurrencies

Wetin we call dis foto,

Di RBI announcement make cryptocurrency exchange for India enta palava

For April 2018, the Indian central bank announced a ban on the sale or purchase of cryptocurrency.

For the first policy statement by di kontri for the current financial year, di bank tok says that financial institutions can no longer deal with companies that trade in virtual currencies such as Bitcoin.

Di Reserve Bank of India (RBI) gives banks three months to end their exposure to such exchanges.

There are around five million users of digital currencies in India.

[Bangladesh] The Central Bank of Bangladesh released a notice banning the use of cryptocurrency

As of December 24, 2017, the Central Bank of Bangladesh bans the use of Bitcoin, a virtual cryptocurrency, within di kontri and issues a circular for the website.

For di Circular say that; “Transaction with dis digital currency [Bitcoin, Ethereum, Ripple and Litecoin] Fit cause violation of existing money laundering and terrorist financing rules. ”

The circular also states that Bitcoin, Ethereum, Ripple and Litecoin have not been authorized by any legal authority and that using them causes financial losses for citizens.

“In certain circumstances, we are not asking citizens to stop, support and promote all types of transactions using virtual currencies such as Bitcoin in order to avoid financial and legal damage.”

Wetin we call dis foto,

Central Bank of Bangladesh

[Morocco] The Central Bank of Morocco says cryptocurrency transactions are punishable by fines

The November 2017 Moroccan world news report said the Foreign Exchange Bureau and the central bank issued a public statement that transactions through cryptocurrencies are not prohibited and will be punished with fines.

“Penalties and fines apply to anyone who transacts transactions with foreign counterparties that are not processed through authorized intermediaries or in foreign currencies that are not listed by Bank Al-Maghrib,” urged the Foreign Exchange Office.

Add to that, say, cryptocurrencies operate within the “hidden payment system that is not supported by any financial institution”.

Dey also says that “the use of cryptocurrencies poses a great risk to users” as cryptocurrencies are associated with illegal activity on the Internet, particularly buying and selling drugs, weapons, and ransomware.

[Thailand] Bank of Thailand bans banks from cryptocurrency activities

In February 2018, the Thai central bank banned financial institutions from doing five major cryptocurrency activities, including banning customers from buying cryptocurrencies with credit cards.

The Di Bank of Thailand (BOT) is issuing a circular in which it “should not get financial institutions involved in cryptocurrency transactions for fear of possible problems due to unregulated trading”, according to the report by Reuters.

Central Bank Governor Veerathai Santiprabop signs a circular highlighting five key cryptocurrency activities that banks are supposed to prohibit and do:

  • Invest or trade in cryptocurrency
  • Exchange cryptocurrencies
  • Creating platforms for trading cryptocurrencies
  • Allow customers to use credit cards to purchase cryptocurrencies
  • Advising clients on investing or trading in cryptocurrencies

The Thai central bank says cryptocurrencies are not legal tender for Thailand, and they are concerned that Pipo Fit is being used for illegal activities like money laundering or supporting terrorism.

[Uganda] The Ministry of Finance for Uganda warns Pipo against using cryptocurrencies

For October 2019, the Ugandan Ministry of Finance and Central Bank warn pipo against using cryptocurrencies, saying that they will not be recognized as legal tender.

Uganda joins some ODA countries trying to stop Pipo from buying cans online using cryptocurrencies.

Di goment say that most cryptocurrencies are not backed by assets or goment guarantees and they can render them worthless.

The Treasury Department also warns users of cryptocurrencies for Uganda that they are not entitled to consumer protection.

Finance Minister Matiya Kasaija said she was reviewing legal options to curb digital currencies. Wey criminals would mostly use them for money laundering or selling banned goods.

[Zambia] The Central Bank of Zambia warns Pipo about cryptocurrencies

For October 2018, the Bank of Zambia (BoZ) warns citizens about the use of cryptocurrencies and reminds them that the digital currency is not legal tender for di kontri.

The bank adds that anyone involved in such transactions does so at their own risk, as no banks or well-known financial sector players issue cryptocurrencies.

The Bank of Zambia lists some of the risks associated with money laundering, terrorist financing, hacking and fraud.

According to the conclusion, the BOZ will continue to actively monitor all developments.

Tanzania and Kenya also do not warn citizens about the use of cryptocurrencies.

Say the Bank of Tanzania (BoT) tok for November 2019, although the neva officially bans crypto currency, but does not allow the use of the currency and therefore not regulate or recognize it. They also warn citizens to be very careful.

[Nigerian cryptocurrency] Dogecoin, Bitcoin, Ethereum trading background in Nigeria

Well on September 14, 2020 Nigeria Security and Exchange Commission [SEC] decide to regulate digital assets such as cryptocurrency for the West African nation.

The SEC says it’s moving because “digital asset offerings” like “crypto tokens or crypto coins” are a great way to invest money or keep money as an asset.

Wetin we call dis foto,

Different types of cryptocurrency

The groundbreaking statement (date and time) surprised many as the Central Bank of Nigeria says before Nigerians say that traders and investors in any type of cryptocurrency in Nigeria are not protected by law.

But crypto currencies, whether na crypto tokens or crypto coins, are not making waves for Nigeria today, even outside of Nigeria, many pipos are not showing the greatest interest in crypto currency worldwide.

Elon Musk, we are a business mogul and one of the richest pipos in the world, a big proponent of cryptocurrency as a source of income and investment.

But if CBN policies are wrong, we can capture millions of dollars in cryptocurrency funds in Nigeria and achieve the second largest Bitcoin trading volume in the world.

Nigerians have traded no more than 60,200 bitcoins since 2015.