Good news for Nigerian crypto enthusiast

[best123]

Infact, it is welcome development for Nigerian cryptocurrency family. It is just matter of time, may nations that are against cryptocurrency will soon embrace it. Cryptocurrency (Blockchain technology) is great technology that aim to bring freedom to the people.
Congrats to the Nigerian cryptocurrency lovers!

[Wisbrown]

Nice one, but no developed country that will bad cryptocurrency because is best for international trade and is a future currency.

[Wawa2013]

Finally, Nigerian crypto enthusiasts can get what they want, because the Central Bank of Nigeria realized they couldn't stop the crypto transactions
from happening, But as with India there are frequent changes in rules in Nigeria, I don't know how long CBN will let this happen. Because they
might change their minds at any time, so make good use of the current time for Nigerian crypto enthusiasts. But even though CBN is going to
implement another ban, I believe it will not have too big an effect, because there will be a way for Nigerian crypto enthusiasts to continue making
crypto transactions.

[gabbie2010]

The fact is no country can ban the use of cryptocurrency as it is a borderless currency, so long as internet is still use the citizens of that country will one way or the other fine a way of carrying out they crypto transactions. Even if the government ban crypto it can only stop it full skald adoption or it transactions passing through it central financial system but not a total ban.

Since the initial announcement by the CBN banning cryptocurrencies related activities, the order didn't have any significant impact because of various alternative means of transacting cryptocurrencies anonymously  which Nigerian crypto enthusiasts adapted to with the aid of Internet I believed CBN later realised that the ban wouldn't stand test the time of time prompted the reversal of the ban, the CBN should look into various ways at which the government can earn income from taxes from crypto related activities.

[davis196]

This was pretty much expected to happen.Countries,that are trying to oppress cryptocurrencies are going to face great difficulties,with controlling all the "illegal" crypto transactions.Making crypto payments and trading legal is the only way to go.The problem is that countries like Nigeria aren't very persistent with their policies.
Today there might be a crypto legalization,but after a few months,the central bank or the government might try to impose a new cryptocurrency ban again.
By the way,what is this logo?It looks pretty strange.Is this the Nigerian central bank logo?

[Kittygalore]

The fact is no country can ban the use of cryptocurrency as it is a borderless currency, so long as internet is still use the citizens of that country will one way or the other fine a way of carrying out they crypto transactions. Even if the government ban crypto it can only stop it full skald adoption or it transactions passing through it central financial system but not a total ban.

They might not be able to ban bitcoin but they can do a crackdown on people that are using bitcoin in their country if they were to do so, Internet censorship and surveillance can be a useful tool for an oppressive government to use against their people. Good thing that this problem with the CBN is going to be resolved at the least from what I can understand from that Tweet, I hope nothing like this can happen to Nigeria again or to any other countries.

[Smartvirus]

I'm very much excited about this news even though its far from being a legitimate or confirmed news just yet bit then, its very encouraging, not because the news is about the legalisation of crypto but then, the fact that, the leaders can actually be able to discover a fault in their policy and take steps to correct it starting from accepting the fact that they made an error in the first place is a commendable one. I'm impressed at this attitude. No one wants to be wrong, especially in matters of public affairs and that which could ridicule them but then, ensuring that the right thing is done is a commendable act and as such, I encourage them to keep it up and not just formulate policies but create room for a possible reversal should it be that the policy isn't one that helps. Good 9ne by the Nigerian government.

[Marykeller]

If this is true, Nigerians will be much happy about the development.
When the news of placing a ban on bitcoin, restricting individuals from trading cryptocurrency with their bank account happened, it was a shock globally that it happened without even notifying her citizens. The action the CBN took then wasn't good for her citizens.
Thank God that they have come back to their senses that cryptocurrency is the future.

[KryptoKings]

I stumbled on this just today, am still yet to get further sources, but will be following the news round the clock, to see about the current unfolding of the news.
Source: https://www.today.ng/business/finance/cbn-nigerians-free-bitcoin-353492/amp

On the image above it has it that CBN the central bank of Nigeria, the Paramount government organization in-charge of banking, and finances, has permitted Nigerians to go on with cryptocurrency with out the restrictions the placed some weeks back, this is still uncertainty, but there has been meeting with the Nigerian Senate, and heads of CBN concerning the issue of Ban, also top public figures even the very elderly has supported Bitcoin in Nigeria, this makes me proud as to see how far Nigerians has come in cryptocurrency, Nigeria is a country with
+ Poor banking system
+ Poor payment system
+ Low alternative means for unemployed youths
+ The educational system is still poor.
But cryptocurrency as many Nigerians has realized helps less this problems of the nation and more, I would be even happier to see this news is fully true, and Nigeria has gotten love/encouragement from other cryptocurrency nation at a dark time for cryptocurrency in the country.

If true, this is going to be big news for Nigerian crypto community.
But their is one con also, if failed states like Nigeria adopt btc, it will give wrong message to people in developed nations.
It will be considered associated with failed nations just like it was previously assumed criminals money.

[Cryptomiles1]

Over time, i thought of this on how a country could live and stay without a sound good support of the FG to assist the Youth. looking toowell out of about 100% Graduate today 97.8% Are Unemployed while so many living under flyovers name it all, Youth searches online and get Educated by Cryptocurrency utilizations and the so called Government came to place a ban and restricted individuals who is surviving from cryptocurrency. Sincerely speaking it was a big threat to me and my fellow Youth because we have no job the only thing we do is to partake in cryptocurrency and have some good earnings even more to what the so called Government offers the youths.
It was a big struggle and so harden for we to stand; This news has really brought a great Joy to Nigerians after several post on twitter other media channels.
Again we live as ONE Nigeria!!!