▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
In this video, I discuss CBN’s (Central Bank of Nigeria’s) decision to ban cryptocurrency. In February of 2021, the CBN issued a letter stating that banks are prohibited from transactions with companies that deal In cryptocurrency. This has led to massive devastation and huge losses for businesses. This is my summary of the situation and my recommendations. What are your thoughts? #Bitcoin #Cryptocurrency #Nigeria
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Chapters:
0:00 – Intro
0:47 – Interlude
1:18 – The First CBN Letter in 2017
2:46 – The SEC Notes on CryptoCurrency
3:36 – The Ban of Crypto Currency in 2021
4:48 – The Numbers
5:53 – Why did the CBN Ban Crypto?
7:44 – The Result So far (How we are Affected)
9:23 – Solution: Way Forward
Relevant LINKS:
CBN 2017 Letter:
CBN Feb, 2021 Letter:
CBN 2020 Letter Banning IMTO:
SEC Statement on Cryptocurrency:
QZ – Quartz Article:
Front Cover of ThisDay:
BuyCoins CEO Medium Stats:
BitSika Tweet:
Stears Article Stats:
Stears Crypto Data:
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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