Nigerian Authorities Blame Binance for 70% Naira Devaluation, Move to Issue Arrest Warrant Against CEO “Binance platform harbours people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy. The platform fixes the exchange rate for the country and it is an illegal rate. The Central Bank of Nigeria (CBN) is the only authority that can fix the exchange rate for the country.”

Replies (17)

Banana Shake's avatar
Banana Shake 2 years ago
Pathetic to blame a private company for the consequences of their own criminally usurious fiat money printing #bitcoin
So pathetic. How do people so stupid get the courage to speak or do anything at all? They should seek mama's approval before moving a finger. These are probably naturals. I doubt they realize they are playing a part in the movie for free. View quoted note →
AzHodl's avatar
AzHodl 2 years ago
Also looking for the CEO of Bitcoin as a person of interest.
Default avatar
Asdf 2 years ago
Someone should drop a shit load of flyers on Nigeria stating Naira's devaluation is of money printing by their government and central bank'
1. Be a central bank established to make your country and citizens prosper 2. Miserably fail your mandate 3. Get countrywide protests as a result 4. "BLAME THE FOREIGN AGENTS" We'll see only more of this View quoted note →
Pay attention. They will be taking notes too.
No Bullshit Bitcoin's avatar No Bullshit Bitcoin
Nigerian Authorities Blame Binance for 70% Naira Devaluation, Move to Issue Arrest Warrant Against CEO “Binance platform harbours people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy. The platform fixes the exchange rate for the country and it is an illegal rate. The Central Bank of Nigeria (CBN) is the only authority that can fix the exchange rate for the country.”
View quoted note →
hi I'm frak's avatar
hi I'm frak 2 years ago
People causing problems blame others for those problems. Fresh baked central banking right there.
This is exactly how it's going to play out in every country eventually. The mafia state will blame and extort Bitcoiners and associated businesses to hide their own failings. Learn and use private self-custodial tools to protect yourself, and protect each other. View quoted note →
I have a cousin in Nigeria. She and her husband are highly educated and well off. The struggle there is unforgiveable. She choked up explaining the experience of simply buying ingredients to make chocolate chip cookies with her kid during a hyperinflation. Prices changing over the course of the day. Paying exorbitant rates (whether in Naira or USD) for basic things. All because of Binance. Nothing to do with central bankers.