Mr Charles you and I know that post duplication/spamming is against the forum rules so why do we still support it t. Even if the current situation of our economy and crypto network is troubling, we still have to keep to standard and make things much easier for our selves. Assuming a single thread was created to discuss the issue of binance and Nigeria government actions, it would have made the local board look more organized. But now everyone is creating their own topic to discuss same issues with just new updates.

I was about to make comments in your thread when I found out that your thread has been locked, I don't know why but that will just bring about others creating thread for this same update. It pains me to see the local board like this, now the local board is more of a press forum than a Bitcoin as it main purpose of the forum.

May I ask why you locked your thread?

If you check well for the local board you go notice say plenty topic don already they involve about this same case to they create thread about same binance and our govement issue when the other ones still they open and they accept discussion no really good and eh no they help at all. I go just advise you lock up this thread channel your discussion put for any of the active thread.

The House of Representatives, on Tuesday, resolved to embark on the probe following a motion of urgent importance moved by Ibrahim Isiaka (APC, Ogun).

In the motion, Mr Isiaka said the current administration is sending mixed signals to the international community on its stance on cryptocurrencies amid the arrest of two executives of Binance and utterances by senior government officials.

Mr Isiaka said the actions of the government recently put the country “in bad light with regards to observance of global statutes on fundamental human rights and rule of law and portrays the country as being dishonest and incompetent.”

The lawmaker said the government’s claim that Binance and others are disrupting the foreign exchange market is not backed by sufficient fact. He also questioned the assertion by the Central Bank Governor, Yemi Cardoso, on the impact of Binance on the Naira.

He added, “The conflict with the government about whether or not the crypto exchanges are determining the local foreign exchange rate and usurping the functions of the national bank does not appear to arise in other developed climes where appropriate statutes and regulations have been enacted and enforced to superintend crypto and other digital asset transactions.”

While warning against an outright ban, Mr Isiaka said other jurisdictions have used fines and other means to regulate the cryptocurrency market instead of banning or arbitrary arrest.

The resolution
Following the presentation of the motion, which was not debated, the House mandated the Committee on National Security and Intelligence to investigate the current status of cryptocurrency, blockchain, digital asset transactions, all the online peer-to-peer (P2P) marketplace, international money transfer operators, payment gateways and platforms, cloud computing, infrastructure (networks), utility sharing based platforms and their practices, in Nigeria to identify threats to National Security and gaps in legislative framework, statutes, and regulations to the detriment of the country.

The committee was asked to engage all relevant stakeholders to initiate the necessary processes for establishing required legislation and regulations.

Also, the committee is to Identify all the stakeholders operating in all categories listed above (1), and their operations in Nigeria and establish their profile (in line with Know Your Customer/Business protocol), such as legal status, and parent company.

The committee is to ensure equity, probity, transparency, the rule of law, and international best practices are observed by the government in investigating cryptocurrency exchanges and others.

The House also asked the committee to investigate the current status of the E-Naira on the global cryptocurrency platform, the cost incurred, the processes undertaken, and statutory compliance in creating the digital currency.

The committee was subsequently asked to report back to the House in three weeks for further legislative action.

Do you know that as at Monday it was around 1530. If u open the link you will also see the percent of increment.
I still stand to be corrected boss!

Now dem say naira wey bin do Dy rise for like straight 3 days now don Dy fall again because Binance announce say dem go seize operation for nigeria thereby turning off the naira feature.

What is this? The Nigerian government thinks that if CZ paid 4 billion to the US government, then it will agree to pay Nigeria?

What is your prediction before weekend and the end of the year?

The reason am bringing this up for discussion is  because some of us we think the social media and email are the best place to store important details.

Some people consider online as a good place of store for wallet seedphrase.

Anything can happen to the server of this social media where information are store and account might get lose which it will be so difficult to get the important information stored on it.

i don't know if this is the right place for this question but I would like to know what this means: "This wallet address only accepts tokens transferred by Bitcoin (BTC) network". If I transfer Bitcoin from a hardware wallet (BitBox), is it transferred by BTC network? How do I know which network it is using?

Responding, however, Binance counsel, Senator Ihenyen, explained that the executive could not appear because they were in custody.

Ihenyen pleaded with the committee to accord the company ample time to appear before it, noting that two top shots of Binance who arrived in the country last week were arrested by the Office of the National Security Adviser

“Following the arrest of two executives, other persons could not come into Nigeria because they were afraid of arrest too. Binance has responded appropriately to the demands of the committee and as our client, we are pleading that this honorable committee consider taking the report,” said..

Di OP abeg make you take note say Charles-tim, start one thread wey im say Binance, talk say dem no receive any message say make dem pay any $10 billion fine, also Mr. Onanuga, don clarify say Nigeria, never ask Binance to pay di fine, and di news wey BBC carry about di matter no de correct.

I doubt say Binance CEO go honor dat kind summon to come answer to terrorism charges, because just like traditional banks wey legit people and criminals de do transactions through dem, na different characters de also do crypto businesses through exchanges, so if government no fit to fine or summon bank chiefs because of criminal customers, I no think say dem get di right to summon exchange CEO because of transactions wey people do through dem. Dis matter fit just be to distract ordinary Nigerians from di pressing issue of hunger wey de di country.

When you are testing a new wallet software avoid importing your actual seed phrase containing your coins

They have shutdown Binance in Nigeria, they have closed their P2P and denied Nigerians access to the exchange. Nigerians have accepted, withdrawn their monies and moved one. But here is Nigerian government still doing eye-service with Binance as if they are working. We all know where all these busy body go end. Them wan shake the exchange to see if them fit collect small money, typical of people that want to reap where they did not sow.