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/biz/ - Business & Finance

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28779917 No.28779917 [Reply] [Original]

Nigeria's Central Bank is not allowing their banks to deal with crypto transactions, it's a national ban. The problem is that Nigeria is one of the top 10 countries that holds bitcoin. There is also impending legislation in India that is set to ban all cryptocurrencies with a 3-6 month liquidation period. India is estimated to have 7- 9 million cryptocurrency investors and it is also one of the top 10 countries that holds bitcoin.

>> No.28780300

thanks sold my 50k bitcorn

>> No.28781232

They will crash it?

>> No.28781501

Bearish for pump and dump scams

>> No.28781737

>>28779917
>Nigeria is one of the top 10 countries that holds bitcoin.
Really?

>> No.28781796

>>28779917
>nigger jew government fails at banking/finance
>superior alternative (btc) is used to benefit the everyman
>nigger jews shut it down
pathetic

>> No.28781851
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28781851

>>28779917
There is also impending legislation in India that is set to ban all cryptocurrencies with a 3-6 month liquidation period

>> No.28782065

who the fuck would sell now when they can keep making gains for the next 3-6 months.

>> No.28782079

I somehow doubt Nigeria is in the top 10. Japan, US, China, Germany, UK, China, Australia, SK, France, Canada,etc,wtc

>> No.28782256

These people need to overthrow their governments before the US bombs them for being "terrorists"

>> No.28782389

>>28782079
You mean youve never sent BTC to a Nigerian Prince?

>> No.28782506
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28782506

>>28779917
well it's like trying to shut down the internet. It won't work. Any nigga getting in the way of crypto will get wiped out. rich people will be more and more into it, making it an unstoppable train. You ain't banning my cryptos

>> No.28782751

>>28782079
>>28781737
I'm not sure why that's so hard to believe
>Be upper class African(yes they exist) in one of the many corrupt African countries
>Qaddafi is killed so no gold backed currency in the future
>Your currency is worthless
>It some becomes even more worthless every other month
>You see Bitcoin
>No matter how much it drops, it's infinitely more stable than your country's economy and currency
Seems like a no brainer.
In a lot of Africa people would much rather be paid in USD or Euros rather than their own garbage fiat.

>> No.28782876

>>28782506
It's not about whether they can throw people in jail for it, it's whether or not people can cash in, or cash out with it.
Until you can directly buy things that you need with Bitcoin, you can't escape the problem of banks not accepting Bitcoin transactions.

>> No.28783065

>>28782876
Itll remain viable in the way it always has been. The blackmarket currency.

>> No.28783133

>Nigeria
a crypto crash would collapse their economy

>India
Too many scammers, too many investors

Crypto also tends to be used in a lot of large scale drug transactions and money laundering schemes, and this could be an attempt to curb them

TLDR eat shit poos

>> No.28783156

>>28781737
I believe Nigeria is the most populous African country and has a, comparatively for Africa, large banking/finance sector

>> No.28783387

>>28783133
>India scammers
Despite the memes most crypto scammers are Eastern European, not Indian. Also what's with the the namefagging, retard.