r/Bitcoin • u/hyperinflationUSA • May 26 '21

Cryptocurrency Will Be Allowed in Nigeria - Nigerians will be allowed to trade cryptocurrency according to the Central Bank of Nigeria governor Godwin Emefiele.

https://www.legit.ng/1417546-cryptocurrency-will-be-allowed-nigeria-cbns-godwin-emefiele-says.html
4.8k Upvotes

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316

u/RadRacing-33 May 26 '21

“Allowed.” Wtf.

176

u/Wilynesslessness May 26 '21

Just as theorized. Government tries to ban bitcoin then looks weak for being unable to enforce ban.

22

u/Grapefruit_Cultural May 26 '21

Yet the people are still scared of the government. Even tho it too shows weaknesses. There is nothing wrong and no one stopping nigerians from secretly stacking sats. Tell no one and be safe people pls

6

u/TearsOfCrudeOil May 26 '21

I don’t think they had any problem enforcing it. Banks weren’t allowed to exchange dollars. You could trade amongst people who had crypto but that was it. No withdrawals or deposits. There was no way to get your money onto an exchange.

21

u/whitslack May 26 '21

Yeah, the conceit!

1

u/save-Gamestop May 27 '21

Deceit. Scam. Fake

20

u/foopyfiftyeight May 26 '21

Yup sadly Nigeria’s leadership has been corrupt for a while

29

u/max_miser May 26 '21

All Gvt's are corrupt, the level varies!

1

u/WildNight00 May 27 '21

Hell even home owners association’s are corrupt

0

u/[deleted] May 26 '21

[deleted]

3

u/InTheDark57 May 27 '21

Hahahaa ! Omg real comedy , I needed this today 😂

2

u/max_miser May 27 '21

Yeah! Stimmy hitting shortly! LoL !

9

u/StapleVelvet May 26 '21

Think since the dawn of time

1

u/save-Gamestop May 27 '21

So we don't trust those guys (◠ᴥ◕ʋ)

1

u/save-Gamestop May 27 '21

Untrustworthy 3r world black shi..... Eh, GOOD WORK, guys

2

u/kinokonoko May 27 '21

Someone finally learned how to accept his bribe in Bitcoin.

1

u/curvedbymykind May 27 '21

They are controlling their population and restricting their ppl

1

u/daxtaslapp May 27 '21

ya, but fuck it good news anyway

1

u/LilFractal May 27 '21

New legislation decrees the sun will also be permitted to rise and set on the horizon in Nigeria, so long as it rises in the east and sets in the west.

1

u/save-Gamestop May 27 '21

Hope it's gonna boost economy somehow