Nigerians have reacted following the ban of crypto currency exchange bank accounts across the country.
This came after The Central of Bank of Nigeria’s (CBN) reportedly sent out a directive to shut down cryptocurrency exchange bank accounts.
This means access to crypto transactions linking to banks account, buying crypto with debit cards and withdrawing crypto to bank accounts has been banned.
See some of the reactions from Nigerians below:
CBN banning Crypto has to be the worst decision by any government on eth.
— Sheddy King 🌍 (@thesheddyking) February 5, 2021
If the ban on crypto by CBN is true ehn, it points yet again to the ill informed, backward, poverty promoting dinosaurs 🦖 leading us. Use your time ⌚ to investigate and close accounts sponsoring terrorists in the country if you don’t know what to do!!! GAWD 🤦🏾♂️#endsars 🚶🏾♂️
— Dj Switch (@dj_switchaholic) February 5, 2021
Crypto has helped reduce the rate at which graduates and Undergraduate search for Jobs
Everyone is digital now since we have a handicap government
They hate seeing Nigerians happy
— Roviel 😏 (@ObongRoviel) February 5, 2021
The government is using CBN against the youth so bad. #EndSARS really choke them oooo.. is this their only way or reacting ? From blocking our accounts, now crypto.
— Dr PamPam | Omo Iya Ologi (@UnclePamilerin) February 5, 2021
I thought it’s universal knowledge that decisions or policy regarding finance or economy should never be hasty? #crypto
— Ben Murray-Bruce (@benmurraybruce) February 5, 2021
The Nigerian government has just legitimized a reason for security forces harassment/profiling.
• Finding any Crypto app or trading app on your phone.#EndSARS
— Rinu #EndSARS🔥🔫 (@SavvyRinu) February 5, 2021
Just because they can’t “borrow” or steal from our Crypto wallets, they decide to ban it. The devil works hard but Nigerian Government works harder.
— Omoniyi Israel (@OMOlSSY) February 5, 2021
How crypto currency or btc suddenly become the problem of Nigerian….
I swear this government has failed us . ND we won’t relent…how do we want to explain that is crypto currency ND the likes,has helped in reducing the rate of poverty in Nigeria…#cryptocurrency
— Aralola (@Aralola20) February 5, 2021
No doubt the main reason why Crypto is been banned is just an aggressive payback of #EndSARS protest cause this tyrant government of the day believe we survive on digital marketing not illegal migration of public funds to their private account #Buhari #WeWantOurCryptoBack
— G-Wurld #endsars #revolutionnow (@officialgodskid) February 5, 2021
Police gonna start harassing young people again.
Why on Earth would you ban Crypto.
They just wanna frustrate youths in Nigeria#Crypto
— Olu Mi De🅾 (@Olumide74749845) February 5, 2021
And my country NIGERIA wants to ban the transaction of crypto…my God I genuinely feel for the youth in NIGERIA including myself. An analog generation ruling in a digital world…foolish old men with no shame 💔🇳🇬 #Crypto
— bigEXT (@adelekeife911) February 5, 2021