06/02/2021
WHAT YOU NEED TO KNOW ABOUT CRYPTOCURRENCY BAN IN NIGERIA
I am sure many of us have heard that CBN banned cryptocurrency in Nigeria.
Do not be deceived CBN can not ban cryptocurrency.
Cryptocurrency is an online money. We spend it online.
I have been doing online business since 2009 and we spend online money like perfect money and PayPal even though PayPal gave Nigerians tough time calling us fraudsters as if there are no fraudulent people in USA.
Cryptocurrency is a Blessing to mankind, a saviour to us in Africa and Nigeria in particular.
An asset that is here to make us free from bo***ge.
An online money that gives you freedom and make you at per with your contemporaries all over the world.
Last month I wanted to do a transaction of 6 million naira with an Indian company and they asked me to do bank transfer. I told them it is not possible because for the past 5 years I have been using bitcoin. I can't bend backwards they should move forward and join me and after some days they called me to pay with bitcoin.
My dear brothers and sisters you have no business with CBN as far as you do not put *cryptocurrency* in the description line when making payments.
Cryptocurrency is an online money and and it is meant to be spent peer to peer. We do our transactions with one another.
It is a pity Nigeria is a country where our leaders want to take us 50 years backwards and the most annoying part is our law makers are law breakers all of them have bitcoin and spend bitcoin.
Credit card has been in use all over the world for more than 20 years before it came to Nigeria but thank God for Internet, the world has become a global village and we can not be caged. Anything happening in USA or any where else in the world today, you will know it today.
No one can control how you spend your money online.
Even the world bank could not stop cryptocurrency, they all fought at the inception but because cryptocurrency is the people's money and the people are more powerful than the government, the people won.
What is money after all, is what a mass number of people accept to spend and we have accepted to spend bitcoin, no government of the world can stop it.
Fiat currencies is the government money controlled by central banks of different countries.
Cryptocurrency is the people's money not controlled by any central bank but by the people.
The instruction is for the banks and not for you.
Do not be afraid, run your online business as far it is legitimate.
Do your business, do all your transactions but do not put *cryptocurrency* in your description when doing bank transfers, when moving your money from your exchangers, when selling or buying bitcoin or other cryptocurrency.
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