Why government no 1 let us rest

[OsaiEmma]

The way government use they oppose bitcoin for 9ja dey alarming, right now, na just very few exchangers they offer we 9ja's p2p trades, for real for real e dey annoying, private Merchant no even dey that trust worthy again. The funny thing be say, even with all these roadblocks, we still be one of the biggest crypto market in the world, the other day, but anyhow dem do, we go still dey move, them no fit dim the light, we go still dey push, bitcoin go still dey.

[Charles-Tim]

There are many exchanges that you can trade naira to crypto and vice versa in P2P, only three exchanges were affected when our government were hostile against exchanges. They are Binance, OKX and Kucoin. No other exchanges were affected. But more exchanges started P2P later, example is Mexc that began P2P for Nigerians few months ago.

[Itz-prisigold]

There are still exchanges that you can use in Nigeria.  However, others do not hold the proper licensing so the government isn't really fond of them.  If you are curious which are which,  just go through this link and and know the exchanges you can use as a Nigerian.

https://camls.org/crypto-exchanges-to-avoid-if-you-are-nigerian-in?utm.com

[Karl_3000]

It is better you post in correct Pidgin, what is 'why government no 1 let us rest'? The correct one is 'why government no wan let us rest'.

It is not 1 and neither one but wan.

There are still exchanges that you can use in Nigeria.  However, others do not hold the proper licensing so the government isn't really fond of them.  If you are curious which are which,  just go through this link and and know the exchanges you can use as a Nigerian.

https://camls.org/crypto-exchanges-to-avoid-if-you-are-nigerian-in?utm.com

It is very bad that Nigeria are taking this with soft hand, they should sue the exchanges that have no license in Nigeria, they are all thieves evading taxes. They need to have license in Nigeria and they must be taxed.

[Marvelockg]

Can't remember the last time I've heard either through a news channel or any medium that the Nigerian government is attacking or setting up a policy that's not favourable to bitcoin. As far as I can remember, the only challenge we have is the delisting of naira from binance afterward, nothing much as changed regarding our usage of other exchanges.

With the available exchanges on ground that are currently active, there's no way you want to carry out a P2P transaction that you will face a form of deficulty at all. At least, bitget and bybit has been a very reliable source you can make use of for all your transactions so, wether there's a crackdown on some exchange or not and wether the government hasn't lifted the ban on binance or not, you can still carry out your P2P transaction seamlessly.

[Agbamoni]

The way government use they oppose bitcoin for 9ja dey alarming, right now..

I was expecting something new that the government has done against cryptocurrency in Nigeria, but you only spoke about P2P restrictions in some exchanges, which is old news.

Yes, the government only restricts P2P in some exchanges because they refused to comply with the regulations. Na money, the government fines. Once those exchanges comply, everywhere go good.

[Ksee]

While p2p trading is a beneficial exchange method for Nigeria crypto trader, the Nigeria government oppose it. from the government perspective, p2p trading facilitates money laundering and contribute to inflation due to the untraceable funds flowing in and out of the Nigeria economy.

The Nigerian government aim to centralize the crypto system and is willing to go to great length to impose taxation on all crypto traders.

[Rockson1]

The way government use they oppose bitcoin for 9ja dey alarming, right now, na just very few exchangers they offer we 9ja's p2p trades, for real for real e dey annoying, private Merchant no even dey that trust worthy again. The funny thing be say, even with all these roadblocks, we still be one of the biggest crypto market in the world, the other day, but anyhow dem do, we go still dey move, them no fit dim the light, we go still dey push, bitcoin go still dey.

Do you want to know any the government of this country won't let us be, it is because they have not figured out tax the system, or infact the tax they are getting from the system is not enough for them, another reason is, Bitcoin represents transparency and we know what our government represents and I don't think they will want anything to hinder them from looting, I believe you know blockchain technology, the government can never allow such to breath because they know how it works, some countries has come up with the idea of making Bitcoin their strategic reserve, among those countries, did you see Nigeria there, you won't see the country name because we have those that think about themselves alone in the corridor of, individual adoption will continue until we have a sincere leader that aims at doing the right thing.
ui

[Youngrebel]

The way government use they oppose bitcoin for 9ja dey alarming, right now, na just very few exchangers they offer we 9ja's p2p trades, for real for real e dey annoying, private Merchant no even dey that trust worthy again. The funny thing be say, even with all these roadblocks, we still be one of the biggest crypto market in the world, the other day, but anyhow dem do, we go still dey move, them no fit dim the light, we go still dey push, bitcoin go still dey.

Do you want to know any the government of this country won't let us be, it is because they have not figured out tax the system, or infact the tax they are getting from the system is not enough for them, another reason is, Bitcoin represents transparency and we know what our government represents and I don't think they will want anything to hinder them from looting, I believe you know blockchain technology, the government can never allow such to breath because they know how it works, some countries has come up with the idea of making Bitcoin their strategic reserve, among those countries, did you see Nigeria there, you won't see the country name because we have those that think about themselves alone in the corridor of, individual adoption will continue until we have a sincere leader that aims at doing the right thing.
ui

This thing you said makes allot of sense and it is purely the reason why the Nigerian government is solely against Bitcoin in this country.  The level of taxation in this country is something else. They tax each and every form of businesses they're done. Imagine taxing a hawker on the streets.  Just imagine how much they are making it is barely enough to feed themselves and others members ofvtgeur house hold. The government has realised in their foolishness that they cannot tax Bitcoin exchange or usage and it would be impossible to sibline funds that is solely why they are restricting it.

[OsaiEmma]

It is better you post in correct Pidgin, what is 'why government no 1 let us rest'? The correct one is 'why government no wan let us rest'.

It is not 1 and neither one but wan.

There are still exchanges that you can use in Nigeria.  However, others do not hold the proper licensing so the government isn't really fond of them.  If you are curious which are which,  just go through this link and and know the exchanges you can use as a Nigerian.

https://camls.org/crypto-exchanges-to-avoid-if-you-are-nigerian-in?utm.com

It is very bad that Nigeria are taking this with soft hand, they should sue the exchanges that have no license in Nigeria, they are all thieves evading taxes. They need to have license in Nigeria and they must be taxed.

😂😂 OMG na bad tyn to write in abbreviations now, dat 1 no be sometyn we need correct na, ur getting something wrong here, if it is an international company that doesn't have its base in Nigeria, why will the government tax them when they are already taxed from their base of operation, so I don't think having Nigeria license is needed for them to operate in the internet.

While p2p trading is a beneficial exchange method for Nigeria crypto trader, the Nigeria government oppose it. from the government perspective, p2p trading facilitates money laundering and contribute to inflation due to the untraceable funds flowing in and out of the Nigeria economy.

The Nigerian government aim to centralize the crypto system and is willing to go to great length to impose taxation on all crypto traders.

This one na true talk, it really do foster cyber crime and money laundering, I've seen some scammers on p2p platforms, but luckily I didn't fall for it.

Do you want to know any the government of this country won't let us be, it is because they have not figured out tax the system, or infact the tax they are getting from the system is not enough for them, another reason is, Bitcoin represents transparency and we know what our government represents and I don't think they will want anything to hinder them from looting, I believe you know blockchain technology, the government can never allow such to breath because they know how it works, some countries has come up with the idea of making Bitcoin their strategic reserve, among those countries, did you see Nigeria there, you won't see the country name because we have those that think about themselves alone in the corridor of, individual adoption will continue until we have a sincere leader that aims at doing the right thing.
ui

This thing you said makes allot of sense and it is purely the reason why the Nigerian government is solely against Bitcoin in this country.  The level of taxation in this country is something else. They tax each and every form of businesses they're done. Imagine taxing a hawker on the streets.  Just imagine how much they are making it is barely enough to feed themselves and others members ofvtgeur house hold. The government has realised in their foolishness that they cannot tax Bitcoin exchange or usage and it would be impossible to sibline funds that is solely why they are restricting it.

And the funny thing is, those taxes are not used for anything important to foster growth in the country, u take taxes and put in ur pocket, without providing a conducive environment for business and building proper financial infrastructures it's just sickening

[Karl_3000]

why will the government tax them when they are already taxed from their base of operation, so I don't think having Nigeria license is needed for them to operate in the internet.

You are wrong because any site that Nigerians are using and generating money from Nigerians should be taxed by the Nigerian government, no matter where they are located in the world. If the exchanges do not have license in Nigeria, they can not be easily taxed and that is how they will be evading tax and that is thievery. They should all get a license in Nigeria.